PFRDA Awards 2026: SBI Leads Public Sector Banks in APY Performance
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The Pension Fund Regulatory and Development Authority (PFRDA) organised the APY Annual Felicitation Programme at New Delhi.
In the program, 53 APY SPs, 10 SLBCs and country wide top 5 Branches and Lead District Managers were awarded for their outstanding performance in achieving the annual target under APY during the F.Y. 2025-26.

Highlights of PFRDA Awards 2026
➡️ APY has crossed 9 crore gross enrolments and Assets Under Management (AUM) exceeding ₹54,000 crore, with a record 1.35 crore subscribers added during FY 2025-26.
➡️ Women participation under APY reached a record 55.14% during the year.
➡️ Total gross enrolments of APY have crossed 9.10 crore as of 18th May 2026.
➡️ Among Public Sector Banks, State Bank of India achieved target of 116%. Union Bank of India and UCO followed SBI at 105%. The performance of other banks is as follows:
| Bank | Target Achievement |
|---|---|
| SBI | 116% |
| Union Bank of India | 105% |
| UCO Bank | 105% |
| Indian Bank | 104% |
| Bank of Maharashtra | 103% |
In the Major Private Banks category, IDBI Bank excelled with 156% achievement.
In category of Regional Rural Banks (RRBs), Jharkhand Rajya Gramin Bank achieved target of 288% and Tripura Gramin Bank achieved target of 185%. Meghalaya Rural Bank achieved target of 163%, Punjab Gramin Bank achieved target of 153% and Assam Gramin Vikash Bank achieved target of 152%.
| Regional Rural Bank (RRB) | Target Achievement |
|---|---|
| Jharkhand Rajya Gramin Bank | 288% |
| Tripura Gramin Bank | 185% |
| Meghalaya Rural Bank | 163% |
| Punjab Gramin Bank | 153% |
| Assam Gramin Vikash Bank | 152% |
In case of private banks, AU Small Finance Bank achieved target of 118% and Ujjivan Small Finance Bank also contributed significantly with 100% achievement.
Cooperative Banks also made a mark, led by Shri Mahila Sewa Sahakari Bank (242%), Andhra Pradesh State Co-op Bank (175%), South Canara DCC Bank (168%), Balaghat DCC Bank (149%), and Sabarkantha DCC Bank (130%). At the state level, SLBCs such as Jharkhand (170%), Bihar (167%), and West Bengal (156%) were top achievers, with Assam (130%) and Madhya Pradesh (133%) also performing strongly.
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