Shri. Hemant G. Contractor is the first Chairman to head the statutory Pension Fund Regulatory and Development Authority (PFRDA) after notification of PFRDA Act in 2014. He joined PFRDA on 7th October 2014.
Prior to joining PFRDA he was a career banker, joining State Bank of India (SBI) as Probationary Officer in 1974. During his illustrious career spanning 40 years in SBI, he served in several important positions including Group Executive of International Banking, Group Executive of Corporate Banking, and Chief Financial Officer and rising to be the Managing Director of State Bank of India.
He has also served on the Board of several organisations such as State Bank of India, National Security Depository Limited (NSDL), Nuclear Power Corporation of India. He is a qualified Chartered Banker (ACIB) from Chartered Institute of Bankers, London.