THE NEWSMAN OF INDIA.COM|The government has reconstituted the Financial Services Institutions Bureau (FSIB), appointing former MSME Secretary S.C.L. Das as its new chairman for a three-year term.

Das, who currently serves as chairperson of the Delhi Electricity Regulatory Commission, will be assisted by six part-time members in recommending appointments to senior positions in public sector banks, financial institutions and insurance companies.

The members are Arijit Basu, former Managing Director of State Bank of India; Satish Kashinath Marathe, former Director of the RBI Central Board; Ramanathan Subramanian, former RBI Executive Director; Siddhartha Mohanty, former LIC Chairman and Managing Director; Neerja Kapur, former Chairperson and Managing Director of New India Assurance; and T.L. Alamelu, former Member (Non-Life) of IRDAI.

Basu, Marathe and Subramanian will oversee selections for public sector banks and financial institutions, while Mohanty, Kapur and Alamelu will handle appointments to public sector insurance companies.

The final decision on FSIB recommendations rests with the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.

Established in 2022, FSIB recommends candidates for whole-time director and non-executive chairman positions in public sector banks and financial institutions. It also advises the government on appointments, transfers, tenure extensions, termination of services, performance appraisal systems and codes of conduct for senior-level leadership.

Please follow and like us: