Financial Services Institutions Bureau (FSIB)
• Government body set up under the Department of Financial Services, Ministry of Finance.
• Primary role- single entity for making recommendations for appointments of WTD (Whole-time Director) and NEC (Non-executive Chairman) in Public Sector Banks, India Private Limited company and Financial Institutions.
• Replaced the Bank Board’s Bureau (BBB).
Structure:
◦ Headed by a chairman, a central government nominee.
◦ Secretaries- chairman of IRDAI and deputy governor of RBI.
◦ Additionally, six part-time members who are experts in banking and insurance sector.
#70thBPSC
• Government body set up under the Department of Financial Services, Ministry of Finance.
• Primary role- single entity for making recommendations for appointments of WTD (Whole-time Director) and NEC (Non-executive Chairman) in Public Sector Banks, India Private Limited company and Financial Institutions.
• Replaced the Bank Board’s Bureau (BBB).
Structure:
◦ Headed by a chairman, a central government nominee.
◦ Secretaries- chairman of IRDAI and deputy governor of RBI.
◦ Additionally, six part-time members who are experts in banking and insurance sector.
#70thBPSC
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