The three experts for insurance companies are- Siddhartha Mohanty,former CEO & MD, Lide Insurance Corporation, Neeja Kapur, former CMD, New India Assurance, T. L. Alamelu, former WTM (Non-Life), IRDAI.
New Delhi:The Centre on Friday has reconstituated the Financial Services Institutions Bureau(FSIB), the headhunting body for the top officials(above executive directors) of public sector financial institutions including banks, and insurance companies, with a new team of six retired bankers and insurers under Subhas Chandra Lal Das, a retired IAS officer of 1992 batch.
The new team will have a tenure of three years.
Das is currently serving as chairman at the Delhi Electricity Regulatory Commission since 10 September 2026.
The panel for selecting senior officials for public sector banks and other financial institutions comprises Arijit Basu, former managing director of State Bank of India; Satish Kashinath Marathe, former director of the Reserve Bank of India’s Central Board; and Ramanathan Subramanian, former executive director of the RBI.
The new three experts for the insurance companies are- Siddhartha Mohanty,former CEO & MD, Life Insurance Corporation, Neeja Kapur, former CMD, New India Assurance, T. L. Alamelu, former WTM (Non-Life), IRDAI.
The tenure of the earlier FSIB team headed by Bhanu Pratap Sharma, a former secretary of Department of Personnel and Training(DoPT), had expired in June, 2026.
There are now two posts of managing directors at LIC along with six to seven posts of exectutive directors at public sector general insurance companies lying vacant.
Though, the Department of Financial Services(DFS) has shortlisted 18 candidates for selecting EDs of public sector general companies, interviews could not be done earlier as FSIB was waiting to be reconstituated with a new team.