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 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 retired banks 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 three members for selecting the bankers and other financial institutions are -Arijit Basu, former managing director, State Bank of India, Satish Kashinath Marathe, former director, Cantral Board ofthe Reserve Bank of lndia,Ramanathan Subramanian, former executive director, Reserve Bank of India.
The new three experts for 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.