Ex-SBI, RBI and LIC executives appointed to FSIB

The government has appointed former IAS officer Subhas Chandra Lal Das as part-time chairperson of the Financial Services Institutions Bureau (FSIB) for three years, alongside six part-time members, effective from the date of notification. The Appointments Committee of the Cabinet approved the appointments on 16 October, according to orders from the Department of Personnel and Training and a resolution from the Department of Financial Services.

The six part-time members are former State Bank of India managing director Arijit Basu, former RBI Central Board director Satish Kashinath Marathe, former RBI executive director Ramanathan Subramanian, former LIC chairman and managing director Siddhartha Mohanty, former New India Assurance chairman and managing director Neerja Kapoor (spelled Kapur in one source), and former IRDAI whole-time member T. L. Alamelu. Basu, Marathe and Subramanian will handle matters relating to public sector banks and financial institutions, while Mohanty, Kapoor and Alamelu will oversee public sector insurers.

Das, a retired 1992-batch IAS officer of the AGMUT cadre, will serve until further orders. FSIB, constituted on 1 July 2022, replaced the Banks Board Bureau and recommends candidates for top posts at public sector banks, financial institutions and insurers, and advises the government on personnel matters.