RBI constitutes Committee to examine FSLRC Recommendations relating to Capacity Building in Banking Sector

The Report of the Financial Sector Legislative Reforms Commission (FSLRC) had made certain recommendations on enhancing skill building and capacity development in banks and non banks regulated by the Reserve Bank of India (RBI) to ensure availability of skill sets at all levels for effective delivery on required roles and responsibilities.

Accordingly, RBI has decided to constitute a Committee under the Chairmanship of Shri G. Gopalakrishna, Executive Director, Reserve Bank of India. The Committee is expected to submit its recommendations by April 30, 2014.

The Committee will deliberate on the following terms of reference:

Identify capacity building requirements keeping in view the role of financial sector and what it should deliver,
Examine the skills required at various levels/operations to deliver on the required role,
Identify qualifications relevant to specific areas of operation in banks and non-banks,
Evolve methodologies for prescribing certification for required qualifications,
Examine if the members on bank boards also need to be certified - by way of say, an appropriately designed course which could be made mandatory for every individual before appointment to the board of a bank.

The Committee will consist of the following members:

Shri Mohan V. Tanksale, Chief Executive, Indian Banks’ Association (IBA)
Shri Shyam Srinivasan, Managing Director and Chief Executive Officer, Federal Bank Ltd.
Shri Ranjan Dhawan, Executive Director (in charge of HRD), Bank of Baroda
Shri K. Ram Kumar, Executive Director (HR), ICICI Bank Ltd.
Shri R.Bhaskaran, Chief Executive Officer, Indian Institute of Banking and Finance (IIBF)
Dr. Achintan Bhattacharya, Director, National Institute of Bank Management (NIBM), Pune
Shri N.S.Vishwanathan, Principal Chief General Manager, Department of Non-Banking Supervision, Reserve Bank of India
Shri P.R.Ravi Mohan, Chief General Manager-in-Charge, Department of Banking Supervision, Reserve Bank of India, who will be the Member Secretary to the Committee.