Regulatory
ACC approves SCL Das as part-time FSIB Chairperson
17 October 2026 · The Financial Express
The Appointments Committee of the Cabinet has approved retired IAS officer Subhas Chandra Lal Das as part-time Chairperson of the Financial Services Institutions Bureau (FSIB) for three years from the date of notification. It also cleared part-time members for PSB/FI matters and for public sector insurer matters.
Points to Remember
- Subhas Chandra Lal Das, a retired IAS officer, is part-time Chairperson of FSIB; tenure three years from notification or until further orders, whichever is earlier
- Part-time members for PSB and FI matters: Arijit Basu (ex-MD, SBI) and Satish Kashinath Marathe (ex-Director, RBI Central Board) under the ex-bankers category; Ramanathan Subramanian (ex-ED, RBI) under the former regulator category
- Part-time members for public sector insurers: Siddhartha Mohanty (ex-CMD, LIC) for life insurance; Neerja Kapur (ex-CMD, NIACL) for non-life insurance; T. L. Alamelu (ex-WTM Non-Life, IRDAI) under the former regulator category
- All appointments run three years from the date of notification or until further orders, whichever is earlier
- FSIB identifies and recommends candidates for Whole-Time Director and Non-Executive Chairperson posts in PSBs, public sector insurers and FIs including NABARD, SIDBI, EXIM Bank and NaBFID
Why it matters
FSIB shapes who gets top posts in public sector banks and financial institutions, so its composition is worth noting for anyone tracking leadership movements and board-level vacancies.
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