Increase Font Size Decrease Font Size | Print This Page  LANGUAGE

Right to Information Act

The Government of India has enacted the Right to Information Act, 2005 (http://www.persmin.nic.in) 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.

The Banks Board Bureau is a public authority as defined in the Right to Information Act, 2005. As such, Banks Board Bureau is obliged to provide information to members of public.

The Banks Board Bureau maintains a website (http://www.banksboardbureau.org.in).

Making an Application under the Right to Information Act, 2005

Citizens of India will have to make the request for information 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 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.

You can send your request to:

Shri Kshitij Singh,
Assistant General Manager,
Central Public Information Officer (CPIO)
Banks Board 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 Navin Nambiar
General Manager & Secretary
Appellate Authority
Banks Board 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 Banks Board Bureau, you can appeal to the Central Information Commissioner appointed in terms of Chapter 3 of the Right to Information Act, 2005.

Information under Section 4(1) (b) of the RTI Act

A. The particulars of the organisation, functions and duties

The Bureau started functioning from April 01, 2016 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:

Sl 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
4 Deputy Governor, Reserve Bank of India Ex-officio member
5 Ms Vedika Bhandarkar, Former Vice-Chairman & MD, Credit Suisse Member
6 Shri Panja Pradeep Kumar, Former MD, SBI Member
7 Shri Pradip Panalal Shah, Founder MD, CRISIL Member

The functions of the Banks Board Bureau are as follows:

  1. To recommend the selection and appointment of wholetime 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 develop an appropriate methodology to enable the search and selection of high calibre wholetime Directors of PSBs.

  5. To advise the Central Government on matters relating to confirmation or extension of tenure and termination of services of the Directors.

  6. To advise the Central Government on the desired management structure at the level of Board of Directors, and, for senior management.

  7. To advise the Central Government on the formulation and enforcement of a code of conduct and ethics.

  8. To help banks to develop a robust leadership succession plan for critical positions that would arise in future through appropriate HR processes, including performance management systems.

  9. To advise the Central Government on evolving suitable training and development programmes for management personnel in PSBs.

  10. To build a data bank containing data relating to the performance of PSBs and share the same with Central Government.

  11. To build a data bank containing data relating to the performance of senior management and the Board of Directors and share the same with Central Government.

  12. To help the banks in terms of developing business strategies and capital raising plan and the like; and

  13. Any other work assigned by the Government in consultation with Reserve Bank of India.

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

Considering the recommendatory role envisaged for the Bureau and the nature of the functions, 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. This is without any prejudice to the functions of the RBI and at the same time does not in any way affect the functional autonomy of the Bureau. The secretariat performs its role under the guidance of the Chairman and members of the Bureau. The operating costs of the Bureau is being defrayed by the PSBs.

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

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

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 as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public; The manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes; Particulars of recipients of concessions, permits or authorisations granted; The particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use

Not applicable

F. A directory of officers and employees

1. Navin Nambiar, General Manager & Secretary 022-23082376
2. Kshitij Singh, Assistant General Manager 022-23028454
3. Rishabh Garg, Manager 022-23082374
4. Savitri Ramesh, Assistant Manager 022-23028488

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 April 01, 2016, is available in electronic form on its website.

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

Shri Kshitij Singh,
Assistant General Manager,
Central Public Information Officer (CPIO)
Banks Board Bureau,
4th Floor, Reserve Bank of India, Dr Anandrao Nair Marg, Mumbai Central
Mumbai - 400 008
Telephone: 022-23028454