An Autonomous Body of Government of India
Right to Information
RTI OFFICIALS

YOU CAN SEND YOUR REQUEST TO:

Ms. Pradeep Kaur Grewal, Assistant General Manager,
Central Public Information Officer (CPIO), Financial Services Institutions Bureau,
4th Floor, Reserve Bank of India, Dr. Anandrao Nair Marg, Mumbai Central, Mumbai - 400 008
Telephone: 022-23028454
Under the Right to Information Act, 2005 you have the right to appeal if you are not satisfied with the information provided by the Bureau or its decision not to provide the information requested.

YOU CAN ADDRESS THE APPEAL TO:

Shri Shishir Kumar Mishra, Secretary & General Manager,
Appellate Authority, Financial Services Institutions Bureau,
4th Floor, Reserve Bank of India, Dr. Anandrao Nair Marg, Mumbai Central, Mumbai - 400 008

Under the Act, if you are not satisfied with the decision of the appellate authority within the Financial Services Institutions Bureau, you can appeal to the Central Information Commissioner appointed in terms of Chapter 3 of the Right to Information Act, 2005.


DISCLOSURES

RIGHT TO INFORMATION ACT

The Government of India has enacted the Right to Information Act, 2005 (https://rti.gov.in/rtiact.asp) which has come into effect from October 13, 2005. The Right to Information under this Act is meant to give to the citizens of India access to information under control of public authorities to promote transparency and accountability in these organisations. The Act, under Sections 8 and 9, provides for certain categories of information to be exempt from disclosure. The Act also provides for appointment of a Chief Public Information Officer to deal with requests for information. For details related to receipt and disposal of RTI Applications and Appeals please Click Here

MAKING AN APPLICATION UNDER THE RIGHT TO INFORMATION ACT, 2005

Citizens of India will have to make the request for information online through https://rtionline.gov.in/
The portal provides the option to file online applications, appeals and is integrated with payment gateways for online fees submission.

The RTI application can also be filed in writing, clearly specifying the information sought under the Right to Information Act, 2005. The application for request should give the contact details (postal address, telephone number, fax number, email address) so that the applicants can be contacted for clarifications or the information. Since as per the Act, information can be furnished only to citizens of India, you will have to give your citizen status as well.

As per the Right to Information (Regulation of Fee and Cost) Rules, 2005 prescribed by the Government of India:
A request for obtaining information under Section 6(1) of RIA needs to be accompanied by an application fee of Rs 10 by way of cash against proper receipt or by DD or bankers’ cheque payable to the Accounts Officer of the public authority.

You could send your request by post accompanied by the application fee of Rs 10/- payable by demand draft or bankers’ cheque favouring Reserve Bank of India. The fee can also be paid in cash along with the application.

INFORMATION UNDER SECTION 4(1) (B) OF THE RTI ACT

A. The particulars of the organisation, functions and duties

The Bureau was created in 2022 and as an autonomous recommendatory body with three ex-officio members and three expert members in addition to Chairman. Chairman and members are part time. The Bureau is constituted as follows:

Sr. No. Name/Designation Designation
1 Shri Bhanu Pratap Sharma, Former Secretary, Department of Personnel & Training Chairman
2 Secretary, Department Financial Services Ex-officio member
3 Secretary, Department of Public Enterprises Ex-officio member
For Public Sector Banks
4 Deputy Governor, Reserve Bank of India Ex-officio member
5 Shri Animesh Chauhan, Former MD & CEO, Oriental Bank of Commerce Member
6 Shri Shailendra Bhandari, Former MD & CEO ING Vyasa Bank, Centurian Bank of Punjab, ICICI AMC Member
7 Shri Deepak Singhal, Former ED, RBI Member

The functions of the Financial Services Institutions Bureau are as follows:

    1. To recommend the selection and appointment of whole time Directors (WTDs).
    2. To recommend the selection and appointment of non-executive Chairmen (NEC).
    3. To advise the Central Government on matters relating to appointments.
    4. To advise the Central Government on matters relating to confirmation or extension of tenure and termination of services of the Directors.
    5. To advise the Central Government on the desired management structure at the Board level
    6. To advise the Central Government on the formulation and enforcement of a code of conduct and ethics.
    7. To advise the Central Government on evolving suitable training and development programmes for management personnel in mandated institutions.
    8. To build a data bank containing data related to the performance of the mandated institutions
    9. To help the mandated institutions in terms of developing business strategies and capital raising plan etc.
    10. Any other work assigned by the Government.

B. The powers and duties of its officers and employees; The procedure followed in the decision making process, including channels of supervision and accountability; Norms set for the discharge of its functions; Rules, regulations, instructions, manuals and records, held under its control or used by its employees for discharging its functions; Monthly remuneration received by its officers and employees, including the system of compensation as provided in its regulations; The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made

The Bureau maintains a lean secretariat currently staffed by officers drawn with the necessary expertise from the Reserve Bank of India (RBI) who are bound by the RBI’s expenditure rule, staff regulations and vigilance/disciplinary stipulations. The Secretariat performs its role under the guidance of the Chairman and members of the Bureau. Bureau strives to make recommendation for selection for various board level positions well within the time-limit of date of vacancy. Any grievance/suggestion can be shared with the bureau through its official email id. The operating costs of the Bureau is borne by the mandated institutions. All postings to the secretariat of the bureau are as per orders/policies of Reserve Bank of India. Number of employees against whom disciplinary actions have been proposed/taken is NIL.

Budgeting of FSIB : For each financial year, the funds to be contributed by each of the three categories of financial service institutions (namely, PSBs, FIs and PSIs) towards meeting expenditure by FSIB are reckoned in proportion to the total number of their respective vacancies of WTDs and NECs at the beginning of the financial year.

C. Statement of categories of documents that are held under its control

Nature of records Preservation period
i. Policy/ Recommendations file Permanent
ii. Summary of discussions/ minutes of the meetings file
iii. Responses given under RTI Act, 2005 file
iv. Parliamentary Questions file
v. All other correspondences and files related to administrative matters 3 years

The Secretary, FSIB is the custodian of documents such as all applications of candidates, agenda papers, board minutes, research reports etc.

D. Particulars of any arrangement that exists for consultation with, or representation by the members of the public in relation to the formulation of its policy or implementation thereof

Bureau is a recommendatory body with expert members and ex-officio members. The functions of the Bureau has been posted on the website. Suggestions received from various stakeholders and the members of the public in this regard are considered before the Bureau makes its recommendations.

E. List of Boards, Councils, Committees and other bodies consisting of two or more persons constituted for the purpose of disclosures under RTI
Following committees have been constituted since 2021 for the purpose of disclosures under RTI
Consultancy Committee on Suo-Moto disclosures. Members of the Committee are
a. Sh. Prateek Jain, Manager.
b. Sh. Devansh Rawat, Assistant Manager
Committee to identify frequently sought information under RTI . Members of the Committee are
a. Sh. Shishir Kumar Mishra, General Manager
b. Ms. Pradeep Kaur Grewal , Assistant General Manager

Bureau Secretariat has access to programmes, if any, to advance the understanding of RTI (section 26) that are organized by RBI such as educational progammes, trainings of CPIO and efforts are taken to encourage to participate in these programmes and keep this web page updated on any new RTI guidelines.

F. A directory of officers and employees

1. Shishir Kumar Mishra, General Manager 022-23028454
2. Pradeep Kaur Grewal , Assistant General Manager 022-23028454
3. Prateek Jain, Manager 022-23028454
4. Devansh Rawat, Assistant Manager 022-23028454
5. Adithya M, Assistant Manager 022-23028454

G. Details in respect of the information, available to or held by it, reduced in an electronic form

Most of the information to be made available to the public since the formation of the Bureau on July 01, 2022, is available in electronic
form on its website.

H. Names, designations and other particulars of Public Information Officers

Ms. Pradeep Kaur Grewal, Assistant General Manager,
Central Public Information Officer (CPIO), Financial Services Institutions Bureau,
4th Floor, Reserve Bank of India, Dr Anandrao Nair Marg, Mumbai Central, Mumbai - 400 008
Telephone: 022-23028454
Shri Adithya M, Assistant Manager is the Nodal Officer since 2021