Date: 2016-03-28Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by section 9 of the Banking Companies Acquisition and Transfer of Undertakings Act, 1980 40 of 1980, the Central Government, after consultation with the Reserve Bank of India, hereby makes the following scheme further to amend the Nationalised Banks
Executive Summary:
These notifications, S.O. 1215(E) and S.O. 1216(E), amend the Nationalised Banks (Management and Miscellaneous Provisions) Scheme of 1980 and 1970, respectively. The amendments establish a Banks Board Bureau (BBB) and specify the manner of appointment for whole-time directors and chairmen in nationalized banks. Both schemes come into force on the date of their publication in the Official Gazette: March 23, 2016.
Key Points / Main Content:
Banks Board Bureau (BBB) Establishment:
* The Central Government will establish the Banks Board Bureau to evolve a sound managerial policy for nationalized banks.
BBB Composition:
* The BBB will consist of seven members: a part-time Chairman and six members.
* The members include the Secretary of the Department of Financial Services (ex-officio), the Secretary of the Department of Public Enterprises (ex-officio), the Deputy Governor of the Reserve Bank of India (ex-officio), and three part-time members.
* The Chairman should be a retired official from the banking sector or regulatory institutions, a business person with knowledge of the financial sector, or a person with 25 years of public administration experience in banking/financial sectors.
* At least two of the three part-time members should be former public or private sector bankers. The remaining member(s) should be academicians, former regulators, business people, or former administrators with experience in business management, IT, HR, finance, or accounting.
* Part-time members, including the Chairman, will be nominated by the Central Government and receive a sitting fee.
BBB Secretariat:
* The Bureau will appoint a Secretary for the BBB Secretariat, which will be located in Mumbai or another location specified by the Central Government.
* The Secretary and staff will be appointed according to notified recruitment rules, in consultation with the Reserve Bank of India.
* The Secretary BBB will manage the affairs of the Banks Board Bureau.
Appointment of Directors and Chairman:
* Whole-time Directors and the Chairman will be appointed by the Central Government after consulting with the Reserve Bank of India. The appointments will be made from a panel of names recommended by the BBB.
BBB Functions:
* Recommend selection and appointment of Board of Directors, Whole Time Directors and Chairman in Nationalised Banks.
* Advise the Central Government on appointments, confirmation, tenure extensions, and terminations of nationalized bank directors.
* Advise on the desired management structure of nationalized banks.
* Advise on a suitable performance appraisal system.
* Build a data bank on the performance of nationalized banks and their officers.
* Advise on the formulation and enforcement of a code of conduct and ethics for managerial personnel.
* Advise on training and development programs for managerial personnel.
* Assist banks in developing business strategies and capital raising plans.
* Handle other work assigned by the Government in consultation with the Reserve Bank of India.
Impact Analysis:
Central Government:
* Impact: Responsible for establishing the BBB, nominating members, and making final appointments of Directors and Chairmen based on BBB recommendations.
* Action Required: Establish the BBB, define recruitment rules, and consult with the Reserve Bank of India on various matters.
Reserve Bank of India (RBI):
* Impact: Consulted on appointments of Directors and Chairmen and in the appointment of BBB Secretariat staff.
* Action Required: Provide consultation and feedback on appointments and recruitment rules.
Nationalized Banks:
* Impact: Subject to the managerial policies evolved by the BBB, will have Board of Directors and senior management selected and appointed based on the BBB's recommendations.
* Action Required: Adapt to any new management structures and performance appraisal systems recommended by the BBB.
Directors and Chairmen of Nationalized Banks:
* Impact: Appointment, confirmation, tenure, and termination of services will be influenced by the BBB's advice to the Central Government.
* Action Required: Adhere to any new code of conduct and ethics and participate in training and development programs.
Key Entities Referenced
Banking Companies Acquisition and Transfer of Undertakings Act, 1980: A law that empowers the Central Government to formulate schemes for nationalised banks.
Nationalised Banks Management and Miscellaneous Provisions Scheme, 1980: A scheme that governs the management and operations of nationalised banks, being amended by this notification.
Reserve Bank of India: The central bank of India, consulted by the Central Government in formulating the scheme.
Banks Board Bureau: A bureau established by the Central Government to evolve sound managerial policy for nationalised banks.
Department of Financial Services: A department, where the Secretary is an ex-officio member of the Banks Board Bureau.
Department of Public Enterprises: A department, where the Secretary is an ex-officio member of the Banks Board Bureau.
Mumbai, Maharashtra: A city in India, where the office of the Bureau Secretariat may be located.
Banking Companies Acquisition and Transfer of Undertakings Act, 1970: A law that empowers the Central Government to formulate schemes for nationalised banks.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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PUBLISHED BY AUTHORITY
la- 745] ubZ fnYyh] lkseokj] ekpZ 28] 2016@pS=k 8] 1938
No. 745] NEW DELHI, MONDAY, MARCH 28, 2016/ CHAITRA 8, 1938
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:6)(cid:6)ंं(cid:6)(cid:6)ंं ााााललललयययय
((((ििििवववव(cid:4)(cid:4)(cid:4)(cid:4)ीीीीयययय ससससववेेववेे ााााएएएए ंं ंंििििववववभभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 23 माच,(cid:9) 2016
ककककाााा....आआआआ.... 1111222211115555((((अअअअ))))....— के(cid:12)(cid:13)ीय सरकार, ब(cid:16)ककारी कंपनी (उप(cid:20)म(cid:21) का अज(cid:9)न और अंतरण) अिधिनयम, 1980 (1980
का 40) क(cid:25) धारा 9 (cid:26)ारा (cid:27)द(cid:28) शि(cid:31)य(cid:21) का (cid:27)योग करते "ए, भारतीय $रजव(cid:9) ब(cid:16)क से परामश (cid:9)के प&ात ्रा)ीयकृत ब(cid:16)क ((cid:27)बंध
और (cid:27)क(cid:25)ण (cid:9)उपबंध) .क(cid:25)म, 1980 म /संशोधन करने के िलए िन0िलिखत . क(cid:25)म बनाती ह ैअथात(cid:9) ्:-
(1) (1) इस .क (cid:25)म का सिं 67त नाम रा)ीयकृत ब(cid:16)क ((cid:27)बंध और (cid:27)क(cid:25)ण (cid:9)उपबंध) संशोधन . क(cid:25)म, 2016 ह।ै
(2) राजप8 म /(cid:27)काशन क(cid:25) तारीख को (cid:27)वृ9 त होगी।
(2) रा)ीयकृत ब(cid:16)क ((cid:27)बंध और (cid:27)क(cid:25)ण (cid:9) उपबंध) . क(cid:25)म, 1980 (िजसे इसके प&ात ् उ; त . क(cid:25)म कहा जाएगा) म /खंड 2 म,/
उप-खंड (ख) के प&ात् िन0िलिखत उपख<ड को अंत:.थािपत (cid:1)कया जाएगा, अथा(cid:9)त:्-
(ख क) ">य ूरो” स ेखणड ् 7-क के अंतग(cid:9)त .थ ािपत बक(cid:16) बोड (cid:9)> यूरो अिभ(cid:27)ेत ह;ै
(3) उ;त .क (cid:25)म म /ख<ड 5 म/ उप-ख<ड (1) म /“बोड (cid:9)के अF य6” श> द(cid:21) के प&ात् िनG निलिखत श>द (cid:21), अकं (cid:21) तथा अ6र(cid:21) को
अंत:.थ ािपत (cid:1)कया जाएगा:
“ख<ड 7ख म /यथा िविनHदIट रीित स”े
(4) उ;त .क (cid:25)म म/ ख<ड 6 के प&ात् ख< ड 6 का उपख< ड (1) सKं य ा(cid:1)कत (cid:1)कया जाएगा और इस (cid:27)कार सKं या(cid:1)कत ख< ड
(1) के पMच ात िनGन िलिखत उप-ख<ड अंत:.थ ािपत (cid:1)कया जाएगा, अथात(cid:9) ्:-
“(2) (cid:27)बंध िनदशे क क(cid:25) िनयुि(cid:31) ख<ड 7ख म /िनHदI ट रीित से क(cid:25) जाएगी”
(5) उ;त .क (cid:25)म म /ख<ड 7 के प&ात,् िनG निलिखत ख< ड(cid:21) को अतं :. थािपत (cid:1)कया जाएगा, अथा(cid:9)त:्-
1494 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
““““7777कककक.... बबबबकक(cid:11)(cid:11)कक(cid:11)(cid:11) बबबबोोोोडडडड (cid:16)(cid:16) (cid:16)(cid:16)(cid:17)(cid:17)(cid:17)(cid:17)यय यय ररूूररूू ोोोो ककककाााा गगगगठठठठनननन
(1) ब(cid:16)क बोड (cid:9) >य ूरो (िजसे इस अिधसूचना म /इसके प&ात ् > यरू ो कहा गया ह)ै क(cid:25) .थ ापना राI Pीयकृत ब(cid:16)क(cid:21) के िलए सदु ढ़ृ
(cid:27)बंधक(cid:25)य नीित तैयार करने के (cid:27)योजन के िलए क/(cid:13)ीय सरकार (cid:26)ारा क(cid:25) जाएगी।
(2) >य ूरो के िनदशे क म<ड ल म/ नीचे सारणी म/ यथा उि(cid:3)लिखत सात सद.य सिGम िल त ह(cid:21)ग,े िजसम/ एक अF य6 और छह
सद.य ह(cid:21)ग।े
ससससााााररररणणणणीीीी
(cid:19)(cid:19)(cid:19)(cid:19)मममम सससस(cid:21)(cid:21)ंं(cid:21)(cid:21)ंं यय यय ाााा ननननाााामममम////पपपपददददननननाााामममम पपपपददददननननाााामममम
1 अंशकािलक अFय 6 अF य6
2 सिचव, िव9त ीय सेवाए ंिवभाग पदने -सद. य
3 सिचव, लोक उTम िवभाग पदने -सद. य
4 िड7ट ी गवन(cid:9)र, भारतीय $रजव (cid:9)ब(cid:16)क पदने -सद. य
5 अंशकािलक सद.य सद. य
6 अंशकािलक सद.य सद. य
7 अंशकािलक सद.य सद. य
(3)(i) अFय 6, ब(cid:16)Uकग 6े8 अथवा िविनयामक सं. थाV का सवे ािनवृ9त अिधकारी या िव9 तीय 6े8 क(cid:25) पया(cid:9)7 त जानकारी
रखने वाला Kय ाित (cid:27)ा7त कारबारी या बU(cid:16) कग तथा िव9त ीय 6े8 के अनभु व सिहत लोक (cid:27)शासन म / 25 वष (cid:9) का अनभु व रखन े
वाला Xय ि(cid:31) होगा।
(ii) बोड (cid:9) के तीन अंशकािलक सद.य (cid:21) म/ स े कम स े कम दो भतू पवू (cid:9) साव(cid:9)जिनक या िनजी 6े8 के ब(cid:16)ककमY ह(cid:21)गे और शेष
सद.य िश6ािवद, भूतपूव(cid:9) िविनयमनकता(cid:9) और कारबारी, कारबार (cid:27)बंधन, सूचना (cid:27)ौTोिगक(cid:25), मानव ससं ाधन, िव9त तथा
लेखा म/ अनभु व रखन ेवाले भूतपूव(cid:9) (cid:27)शासक ह(cid:21)गे।
4. उपख<ड 3 म/ यथा उपद\शत, सरकारी सद. य(cid:21) को छोड़कर > यूरो के अF य6 सिहत सभी सद. य(cid:21) को क/(cid:13)ीय सरकार
(cid:26)ारा अंशकािलक आधार पर नामिनHदIट (cid:1)कया जाएगा और उ(cid:12) ह / (cid:27)ित बैठक पचास हजार ‘पए या समय-समय पर क/(cid:13)ीय
सरकार (cid:26)ारा यथा अवधा$रत रािश बैठक फ(cid:25)स के ‘प म /सदं 9त क(cid:25) जाएगी।
5. >य ूरो (cid:1)कसी Xय ि(cid:31) को >य ूरो सिचवालय के सिचव के ‘प म / काय(cid:9) करन े के िलए िनयु;त करेगा और इस सिचवालय
का कायाल(cid:9) य मुGब ई अथवा ऐस ेअ(cid:12)य .थ ान पर, जो क/(cid:13)ीय सरकार (cid:26)ारा अिधसूचना के (cid:26)ारा िनHदI ट (cid:1)कया जाए, पर होगा।
6. >य ूरो के सिचव और कम(cid:9)चारीवृंद क(cid:25) िनयुि(cid:31) भारतीय $रजव (cid:9) ब(cid:16)क के परामश(cid:9) से िवभाग (cid:26)ारा अिधसूिचत भतY
िनयम(cid:21) के अनसु ार क(cid:25) जाएगी।
7. ब(cid:16)क बोड (cid:9) >य ूरो के कायd का साधारण पय(cid:9)वे6ण, िनदशे तथा (cid:27)बंधन सिचव (बीबीबी) म/ िनिहत होगा, जो उन सभी
शि(cid:31)य(cid:21) का (cid:27)योग करेगा और वह उन सभी कायd को करेगा, जो .क (cid:25)म के अनुसार > यूरो (cid:26)ारा (cid:1)कया जाए या (cid:1)कया जा सके।
7777खखखख पपपपणणूूणणूू कक(cid:16)(cid:16)कक(cid:16)(cid:16) ााााििििललललकककक ििििननननददददशशेेशशेे कककक ततततथथथथाााा अअअअ(cid:31)(cid:31)(cid:31)(cid:31) यय यय कककक!!!! ििििननननययययििुुििुु#### ततततथथथथाााा (cid:17)(cid:17)(cid:17)(cid:17)यय यय ररूूररूू ोोोो ककककेेेे गगगगठठठठनननन कककक!!!! पपपप’’’’िििितततत
अिधिनयम क(cid:25) धारा 9 क(cid:25) उपधारा 3 के ख< ड क म/ िनHदI ट पूणक(cid:9) ािलक िनदशे क और ख< ड 5 म/ िनHदI ट अF य6 क(cid:25)
िनयिु ;त ख<ड 7क के अधीन यथा .थ ािपत > यूरो (cid:26)ारा िसफा$रश (cid:1)कए गए X यि(cid:31)य(cid:21) के पनै ल म / स े भारतीय $रजव(cid:9) ब(cid:16)क के
परामश (cid:9)से क/(cid:13)ीय सरकार (cid:26)ारा क(cid:25) जाएगी।
7777गगगग ककककृृृृ)))) यय य य
>य ूरो िनGन िलिखत कृ9य (cid:21) का पालन करेगा, अथा(cid:9)त:्-
(क) राIP ीयकृत बक(cid:16) (cid:21) म / िनदशे क म< डल (पूणक(cid:9) ािलक िनदशे क(cid:21) तथा अF य6) के चयन तथा िनयुि(cid:31) के िलए िसफा$रश
करना;¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
(ख) क/(cid:13)ीय सरकार को, राIP ीयकृत बक(cid:16) (cid:21) के िनदशे क(cid:21) क(cid:25) िनयुि(cid:31), पिु e या काय(cid:9)काल के िव. तार और सवे ा समािf के
मामल(cid:21) म/ सलाह दने ा;
(ग) िनदशे क बोड(cid:9) तथा gय ेIठ (cid:27)बंधन .त र पर राI Pीयकृत बक(cid:16) (cid:21) क(cid:25) वांिछत (cid:27)बंधन सरं चना के सबं ंध म / क/(cid:13) सरकार को
सलाह दने ा;
(घ) राIP ीयकृत बक(cid:16) (cid:21) के उपयु;त काय-(cid:9) िनI पादन म(cid:3)ू याकं न (cid:27)णाली के संबंध म/ सलाह दने ा;
(ड.) राIP ीयकृत बक(cid:16) (cid:21) और इनके अिधका$रय(cid:21) के काय(cid:9)-िनI पादन स े संबिं धत डाटा अंत\वI ट करन े वाले डाटा ब(cid:16)क तैयार
करना;
(च) राIP ीयकृत बक(cid:16) (cid:21) म/ (cid:27)बंधक(cid:25)य का\मक(cid:21) के िलए आचार एवं नैितक संिहता तयै ार करन े तथा (cid:27)वत(cid:9)न के िलए क/(cid:13)ीय
सरकार को सलाह दने ा;
(छ) राIP ीयकृत बक(cid:16) (cid:21) म / (cid:27)बंधक(cid:25)य का\मक(cid:21) के िलए उपयु; त (cid:27)िश6ण तथा िवकास काय(cid:9)(cid:20)म तैयार करन े के संबंध म /
क/(cid:13)ीय सरकार को सलाह दने ा;
(ज) ब(cid:16)क(cid:21) को कारबारी रणनीित तथा पूंजी जुटान ेक(cid:25) योजना तैयार करने तथा वैस ेही अ(cid:12)य कायd के िनबंधन(cid:21) म/ सहायता
करना; और
(झ) भारतीय $रजव(cid:9) बक(cid:16) के परामश (cid:9)से सरकार (cid:26)ारा सhप ेगए अ(cid:12) य काय(cid:9)।
[फा. स.ं 16/69/2014-बीओ-I]
मोहGमद मु.तफा, संयु(cid:31) सिचव
****टटटट,,,,पपपपणणणणीीीीःःःः मूल योजना का.आ. 875(अ), 04 नवGबर, 1980 क(cid:25) अिधसूचना के (cid:26)ारा (cid:27)कािशत क(cid:25) गई थी और त9प&ात
िन0िलिखत अिधसूचनाV के ज$रए इसम /संशोधन (cid:1)कए गए थेः-
(cid:20)म स.ं का.आ. स.ं तारीख
1111.... 2222.... 3333....
1. का.आ. 345 (अ) 30.04.1983
2. का.आ. 145 (अ) 01.03.1984
3. का.आ. 369 (अ) 27.04.1985
4. का.आ. 560 (अ) 30.07.1985
5. का.आ. 784 (अ) 25.10.1985
6. का.आ. 923 (अ) 30.12.1985
7. का.आ. 418 (अ) 11.07.1986
8. का.आ. 1235 (अ) 31.12.1988
9. का.आ. 810 (अ) 01.11.1992
10. का.आ. 290 (अ) 03.04.1995
11. का.आ. 908 (अ) 10.11.1995
12. का.आ. 508 (अ) 05.02.1996
13. का.आ. 59 (अ) 20.01.2000
14. का.आ. 1173 (अ) 29.12.20004 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
15. का.आ. 198 (अ) 02.03.2001
16. का.आ. 252 (अ) 19.02.2007
17. का.आ. 335 (अ) 08.03.2007
18. का.आ. 1058 (अ) 29.06.2007
19. का.आ. 2384 (अ) 15.09.2009
20. का.आ. 2737 (अ) 05.12.2011
21. का.आ. 43 (अ) 17.12.2014
22. का.आ. 349 (अ) 04.02.2015
23. का.आ. 1837 (अ) 07.07.2015
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 23rd March, 2016
S.O. 1215(E).—In exercise of the powers conferred by section 9 of the Banking Companies(Acquisition and
Transfer of Undertakings) Act, 1980 (40 of 1980), the Central Government, after consultation with the Reserve Bank of
India, hereby makes the following scheme further to amend the Nationalised Banks(Management and Miscellaneous
Provisions) Scheme, 1980, namely:-
(1) (1) This scheme may be called the Nationalised Banks (Management and Miscellaneous Provisions)
Amendment Scheme, 2016.
(2) It shall come into force on the date of its publication in the Official Gazette.
(2) In the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980 ( hereinafter referred to
as the said Scheme), in clause 2, after sub-clause(b), the following sub-clause shall be inserted, namely:-
(ba) “Bureau” means the Banks Board Bureau established under clause 7-A;
(3) In the said Scheme, in clause 5, in sub-clause(1), after the words “Chairman of the Board”, the following words,
figure and letters shall be inserted:
“in the manner as specified in clause 7B.”
(4) In the said Scheme, after clause 6 shall be numbered as sub-clause (1) of clause 6 thereof and after sub-clause
(1) as so numbered, the following sub -clause shall be inserted namely:-
“(2) The Managing Director shall be appointed in the manner as specified in clause 7B.”
(5) In the said Scheme, after clause 7, the following clauses shall be inserted, namely:-
“7A. Creation of Banks Board Bureau
(1) The Banks Board Bureau (hereafter in this notification referred to as Bureau) shall be established by the Central
Government for the purpose of evolving a sound managerial policy for the nationalised banks.
(2) The Board of Directors of the Bureau shall consist of seven members with one Chairman and six members as
mentioned in the Table given below.¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 5
TABLE
Serial Name/Designation Designation
number
1. Part time Chairman Chairman
2. Secretary, Department of 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. Part time Member Member
6. Part time Member Member
7. Part time Member Member
(3)(i) The Chairman shall be a retired official from the banking sector or regulatory institutions or a business person of
repute with sufficient knowledge of the financial sector, or a person with at least twenty five years of experience in
public administration with experience of banking and financial sectors.
(ii) Out of three part time members of the Board, at least two shall be ex-public or private sector bankers and the rest
shall be academicians, former regulators, and business people, former administrators with experience in business
management, information technology, human resource, finance and accounting.
(4) All the members except the official members as indicated in sub-clause (3) including Chairman of the Bureau shall
be nominated by the Central Government on part time basis and shall be paid a sitting fee of fifty thousand rupee per
sitting or as determined by Central Government from time to time.
(5) The Bureau shall appoint a person to act as Secretary of the Bureau Secretariat and the Secretariat shall have its office
in Mumbai or such other place as the Central Government may, by notification specify.
(6) The Secretary and staff of the Bureau shall be appointed as per notified recruitment rules by the Department in
consultation with the Reserve Bank of India.
(7) The general superintendence, direction and management of the affairs of the Banks Board Bureau shall vest in the
Secretary (BBB), who shall exercise all powers and do all acts and things which may be exercised or done by the Bureau
in accordance with the Scheme.
7B Manner of Appointment of whole time Director and Chairman and creation of Bureau
A whole time Director referred to in clause (a) of sub-section (3) of section 9 of the Act and the Chairman referred to in
clause 5 shall be appointed by the Central Government, after consultation with the Reserve Bank, from out of a panel of
names of persons recommended by the Bureau as established under clause 7A.
7C Functions
The Bureau shall perform the following functions, namely:-
(a) to recommend the selection and appointment of Board of Directors in Nationalised Banks (Whole Time
Directors and Chairman);
(b) to advise the Central Government on matters relating to appointments, confirmation or extension of tenure
and termination of services of the Directors of nationalised banks;
(c) to advise the Central Government on the desired management structure of nationalised banks, at the level of
Board of Directors and senior management ;
(d) to advise the Central Government on a suitable performance appraisal system for nationalised banks;
(e) to build a data bank containing data relating to the performance of nationalised banks and its officers;
(f) to advise the Central Government on the formulation and enforcement of a code of conduct and ethics for
managerial personnel in nationalised banks ;
(g) to advise the Central Government on evolving suitable training and development programs for managerial
personnel in nationalised banks.
(h) to help the banks in terms of developing business strategies and capital raising plan and the like; and
(i) any other work assigned by the Government in consultation with Reserve Bank of India.
[F. No. 16/69/2014-BO.I]
MOHAMMAD MUSTAFA, Jt. Secy.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
Note : The principal scheme was published vide notification number S.O. 875(E), dated the 4th November, 1980 and
subsequently amended vide following notifications :—
Sl. No. S.O. No Date
(1) (2) (3)
1. S.O. 345 (E) 30.04.1983
2. S.O. 145 (E) 01.03.1984
3. S.O. 369 (E) 27.04.1985
4. S.O. 560 (E) 30.07.1985
5. S.O. 784 (E) 25.10.1985
6. S.O. 923 (E) 30.12.1985
7. S.O. 418 (E) 11.07.1986
8. S.O. 1235 (E) 31.12.1988
9. S.O. 810 (E) 01.11.1992
10. S.O. 290 (E) 03.04.1995
11. S.O. 908 (E) 10.11.1995
12. S.O. 508 (E) 05.02.1996
13. S.O. 59 (E) 20.01.2000
14. S.O. 1173 (E) 29.12.2000
15. S.O. 198 (E) 02.03.2001
16. S.O. 252 (E) 19.02.2007
17. S.O. 335 (E) 08.03.2007
18. S.O. 1058 (E) 29.06.2007
19. S.O. 2384 (E) 15.09.2009
20. S.O. 2737 (E) 05.12.2011
21. S.O. 43(E) 17.12.2014
22. S.O.349(E) 04.02.2015
23. S.O.1837(E) 07.07.2015
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 23 माच,(cid:9) 2016
ककककाााा....आआआआ.... 1111222211116666((((अअअअ))))....—के(cid:12)(cid:13)ीय सरकार, ब(cid:16)ककारी कंपनी (उप(cid:20)म(cid:21) का अज(cid:9)न और अंतरण) अिधिनयम, 1970
(1970 का 5) क(cid:25) धारा 9 (cid:26)ारा (cid:27)द(cid:28) शि(cid:31)य(cid:21) का (cid:27)योग करते "ए, भारतीय $रजव(cid:9) ब(cid:16)क स े परामश (cid:9) के प&ात् रा)ीयकृत ब(cid:16)क
((cid:27)बंध और (cid:27)क(cid:25)ण (cid:9)उपबंध) .क(cid:25)म, 1970 म /संशोधन करन ेके िलए िन0िलिखत . क(cid:25)म बनाती ह ैअथात(cid:9) ्:-
(1) (1) इस .क (cid:25)म का सिं 67त नाम रा)ीयकृत ब(cid:16)क ((cid:27)बंध और (cid:27)क(cid:25)ण (cid:9)उपबंध) संशोधन . क(cid:25)म, 2016 ह।ै
(2) राजप8 म /(cid:27)काशन क(cid:25) तारीख को (cid:27)वृ9 त होगी।¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 7
(2) रा)ीयकृत ब(cid:16)क ((cid:27)बंध और (cid:27)क(cid:25)ण (cid:9) उपबंध) . क(cid:25)म, 1970 (िजसे इसके प&ात ् उ; त . क(cid:25)म कहा जाएगा) म /खंड 2 म,/
उप-खंड (ख) के प&ात् िन0िलिखत उपख<ड को अंत:.थािपत (cid:1)कया जाएगा, अथा(cid:9)त:्-
(ख क) ">य ूरो” स ेख<ड 7-क के अंतग(cid:9)त .थ ािपत ब(cid:16)क बोड (cid:9)> यूरो अिभ(cid:27)ेत ह;ै
(3) उ;त .क (cid:25)म म /ख<ड 5 म/ उप-ख<ड (1) म /“बोड (cid:9)के अF य6” श> द(cid:21) के प&ात् िनG निलिखत श>द (cid:21), अकं (cid:21) तथा अ6र(cid:21) को
अंत:.थ ािपत (cid:1)कया जाएगा:
“ख<ड 7ख म /यथा िविनHदIट रीित स”े
(4) उ;त .क (cid:25)म म/ ख<ड 6 के प&ात् ख< ड 6 का उपख< ड (1) सKं य ा(cid:1)कत (cid:1)कया जाएगा और इस (cid:27)कार सKं या(cid:1)कत ख< ड
(1) के पMच ात िनGन िलिखत उप-ख<ड अंत:.थ ािपत (cid:1)कया जाएगा, अथात(cid:9) ्:-
“(2) (cid:27)बंध िनदशे क क(cid:25) िनयुि(cid:31) ख<ड 7ख म /िनHदI ट रीित से क(cid:25) जाएगी”
(5) उ;त .क (cid:25)म म /ख<ड 7 के प&ात,् िनG निलिखत ख< ड(cid:21) को अतं :. थािपत (cid:1)कया जाएगा, अथा(cid:9)त:्-
““““7777कककक.... बबबबकक(cid:11)(cid:11)कक(cid:11)(cid:11) बबबबोोोोडडडड (cid:16)(cid:16) (cid:16)(cid:16)(cid:17)(cid:17)(cid:17)(cid:17)यय यय ररूूररूू ोोोो ककककाााा गगगगठठठठनननन
(1) ब(cid:16)क बोड (cid:9) >य ूरो (िजसे इस अिधसूचना म /इसके प&ात ् > यरू ो कहा गया ह)ै क(cid:25) .थ ापना राI Pीयकृत ब(cid:16)क(cid:21) के िलए सदु ढ़ृ
(cid:27)बंधक(cid:25)य नीित तैयार करने के (cid:27)योजन के िलए क/(cid:13)ीय सरकार (cid:26)ारा क(cid:25) जाएगी।
(2) >य ूरो के िनदशे क म<ड ल म/ नीचे सारणी म/ यथा उि(cid:3)लिखत सात सद.य सिGम िल त ह(cid:21)ग,े िजसम/ एक अF य6 और छह
सद.य ह(cid:21)ग।े
ससससााााररररणणणणीीीी
(cid:19)(cid:19)(cid:19)(cid:19)मममम सससस(cid:21)(cid:21)ंं(cid:21)(cid:21)ंं यय यय ाााा ननननाााामममम////पपपपददददननननाााामममम पपपपददददननननाााामममम
1 अंशकािलक अFय 6 अF य6
2 सिचव, िव9त ीय सेवाए ंिवभाग पदने -सद. य
3 सिचव, लोक उTम िवभाग पदने -सद. य
4 िड7ट ी गवन(cid:9)र, भारतीय $रजव (cid:9)ब(cid:16)क पदने -सद. य
5 अंशकािलक सद.य सद. य
6 अंशकािलक सद.य सद. य
7 अंशकािलक सद.य सद. य
(3) (i) अFय 6, ब(cid:16)Uकग 6े8 अथवा िविनयामक सं. थाV का सवे ािनवृ9त अिधकारी या िव9 तीय 6े8 क(cid:25) पया(cid:9)7 त जानकारी
रखने वाला Kय ाित (cid:27)ा7त कारबारी या बU(cid:16) कग तथा िव9त ीय 6े8 के अनभु व सिहत लोक (cid:27)शासन म / 25 वष (cid:9) का अनभु व रखन े
वाला Xय ि(cid:31) होगा।
(ii) बोड (cid:9) के तीन अंशकािलक सद.य (cid:21) म/ स े कम स े कम दो भतू पवू (cid:9) साव(cid:9)जिनक या िनजी 6े8 के ब(cid:16)ककमY ह(cid:21)गे और शेष
सद.य िश6ािवद, भूतपूव(cid:9) िविनयमनकता(cid:9) और कारबारी, कारबार (cid:27)बंधन, सूचना (cid:27)ौTोिगक(cid:25), मानव ससं ाधन, िव9त तथा
लेखा म/ अनभु व रखन ेवाले भूतपूव(cid:9) (cid:27)शासक ह(cid:21)गे।
4. उपख<ड 3 म/ यथा उपद\शत, सरकारी सद. य(cid:21) को छोड़कर > यूरो के अF य6 सिहत सभी सद. य(cid:21) को क/(cid:13)ीय सरकार
(cid:26)ारा अंशकािलक आधार पर नामिनHदIट (cid:1)कया जाएगा और उ(cid:12) ह / (cid:27)ित बैठक पचास हजार ‘पए या समय-समय पर क/(cid:13)ीय
सरकार (cid:26)ारा यथा अवधा$रत रािश बैठक फ(cid:25)स के ‘प म /सदं 9त क(cid:25) जाएगी।
5. >य ूरो (cid:1)कसी Xय ि(cid:31) को >य ूरो सिचवालय के सिचव के ‘प म / काय(cid:9) करन े के िलए िनयु;त करेगा और इस सिचवालय
का कायाल(cid:9) य मुGब ई अथवा ऐस ेअ(cid:12)य .थ ान पर, जो क/(cid:13)ीय सरकार (cid:26)ारा अिधसूचना के (cid:26)ारा िनHदI ट (cid:1)कया जाए, पर होगा।8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
6. >य ूरो के सिचव और कम(cid:9)चारीवृंद क(cid:25) िनयुि(cid:31) भारतीय $रजव (cid:9) ब(cid:16)क के परामश(cid:9) से िवभाग (cid:26)ारा अिधसूिचत भतY
िनयम(cid:21) के अनसु ार क(cid:25) जाएगी।
7. ब(cid:16)क बोड (cid:9) >य ूरो के कायd का साधारण पय(cid:9)वे6ण, िनदशे तथा (cid:27)बंधन सिचव (बीबीबी) म/ िनिहत होगा, जो उन सभी
शि(cid:31)य(cid:21) का (cid:27)योग करेगा और वह उन सभी कायd को करेगा, जो .क (cid:25)म के अनुसार > यूरो (cid:26)ारा (cid:1)कया जाए या (cid:1)कया जा सके।
7777खखखख पपपपणणूूणणूू कक(cid:16)(cid:16)कक(cid:16)(cid:16) ााााििििललललकककक ििििननननददददशशेेशशेे कककक ततततथथथथाााा अअअअ(cid:31)(cid:31)(cid:31)(cid:31) यय यय कककक!!!! ििििननननययययििुुििुु#### ततततथथथथाााा (cid:17)(cid:17)(cid:17)(cid:17)यय यय ररूूररूू ोोोो ककककेेेे गगगगठठठठनननन कककक!!!! पपपप’’’’िििितततत
अिधिनयम क(cid:25) धारा 9 क(cid:25) उपधारा 3 के ख< ड क म/ िनHदI ट पूणक(cid:9) ािलक िनदशे क और ख< ड 5 म/ िनHदI ट अF य6 क(cid:25)
िनयिु ;त ख<ड 7क के अधीन यथा .थ ािपत > यूरो (cid:26)ारा िसफा$रश (cid:1)कए गए X यि(cid:31)य(cid:21) के पनै ल म / स े भारतीय $रजव(cid:9) ब(cid:16)क के
परामश (cid:9)से क/(cid:13)ीय सरकार (cid:26)ारा क(cid:25) जाएगी।
7777गगगग ककककृृृृ)))) यय य य
>य ूरो िनGन िलिखत कृ9य (cid:21) का पालन करेगा, अथा(cid:9)त:्-
(क) राIP ीयकृत बक(cid:16) (cid:21) म / िनदशे क म< डल (पूणक(cid:9) ािलक िनदशे क(cid:21) तथा अF य6) के चयन तथा िनयुि(cid:31) के िलए िसफा$रश
करना;
(ख) क/(cid:13)ीय सरकार को, राIP ीयकृत बक(cid:16) (cid:21) के िनदशे क(cid:21) क(cid:25) िनयुि(cid:31), पिु e या काय(cid:9)काल के िव. तार और सवे ा समािf के
मामल(cid:21) म/ सलाह दने ा;
(ग) िनदशे क बोड(cid:9) तथा gय ेIठ (cid:27)बंधन .त र पर राI Pीयकृत बक(cid:16) (cid:21) क(cid:25) वांिछत (cid:27)बंधन सरं चना के सबं ंध म / क/(cid:13) सरकार को
सलाह दने ा;
(घ) राIP ीयकृत बक(cid:16) (cid:21) के उपयु;त काय-(cid:9) िनI पादन म(cid:3)ू याकं न (cid:27)णाली के संबंध म/ सलाह दने ा;
(ड.) राIP ीयकृत बक(cid:16) (cid:21) और इनके अिधका$रय(cid:21) के काय(cid:9)-िनI पादन स े संबिं धत डाटा अंत\वI ट करन े वाले डाटा ब(cid:16)क तैयार
करना;
(च) राIP ीयकृत बक(cid:16) (cid:21) म/ (cid:27)बंधक(cid:25)य का\मक(cid:21) के िलए आचार एवं नैितक संिहता तयै ार करन े तथा (cid:27)वत(cid:9)न के िलए क/(cid:13)ीय
सरकार को सलाह दने ा;
(छ) राIP ीयकृत बक(cid:16) (cid:21) म / (cid:27)बंधक(cid:25)य का\मक(cid:21) के िलए उपयु; त (cid:27)िश6ण तथा िवकास काय(cid:9)(cid:20)म तैयार करन े के संबंध म /
क/(cid:13)ीय सरकार को सलाह दने ा;
(ज) ब(cid:16)क(cid:21) को कारबारी रणनीित तथा पूंजी जुटान ेक(cid:25) योजना तैयार करने तथा वैस ेही अ(cid:12)य कायd के िनबंधन(cid:21) म/ सहायता
करना; और
(झ) भारतीय $रजव(cid:9) बक(cid:16) के परामश (cid:9)से सरकार (cid:26)ारा सhप ेगए अ(cid:12) य काय(cid:9)।
[फा. स.ं 16/69/2014-बीओ-I]
मोहGमद मु.तफा, संयु(cid:31) सिचव
****टटटट,,,,पपपपणणणणीीीीःःःः मूल योजना का.आ. 3793(अ), 16 नवGबर, 1970 क(cid:25) अिधसूचना के (cid:26)ारा (cid:27)कािशत क(cid:25) गई थी और त9प&ात
िन0िलिखत अिधसूचनाV के ज$रए इसम /संशोधन (cid:1)कए गए थेः-
(cid:20)म स.ं का.आ. स.ं तारीख
1111 2222 3333
1. का.आ. 67 (अ) 17.11.1971
2. का.आ. 192 (अ) 15.03.1972
3. का.आ. 575 (अ) 04.09.1972
4. का.आ. 651 (अ) 25.09.1972¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 9
5. का.आ. 715 (अ) 16.11.1972
6. का.आ. 3467 (अ) 19.11.1973
7. का.आ. 1992 (अ) 16.06.1975
8. का.आ. 1088 (अ) 18.02.1976
9. का.आ. 421 (अ) 21.06.1976
10. का.आ. 888 (अ) 11.11.1980
11. का.आ. 346 (अ) 30.04.1980
12. का.आ. 144 (अ) 01.03.1984
13. का.आ. 368 (अ) 27.04.1985
14. का.आ. 559 (अ) 30.07.1985
15. का.आ. 783 (अ) 25.12.1985
16. का.आ. 922 (अ) 30.12.1985
17. का.आ. 417 (अ) 11.07.1986
18. का.आ. 1234 (अ) 31.12.1988
19. का.आ. 809 (अ) 01.11.1992
20. का.आ. 289 (अ) 03.04.1995
21. का.आ. 907 (अ) 10.11.1995
22. का.आ. 507 (अ) 05.02.1996
23. का.आ. 58 (अ) 20.01.2000
24. का.आ. 1172 (अ) 29.12.2000
25. का.आ. 197 (अ) 02.03.2001
26. का.आ. 251 (अ) 29.02.2007
27. का.आ. 334 (अ) 08.03.2007
28. का.आ. 1057 (अ) 29.06.2007
29. का.आ. 2383 (अ) 15.09.2009
30. का.आ. 2736 (अ) 05.12.2011
31. का.आ. 42 (अ) 17.12.2014
32. का.आ. 348 (अ) 04.02.2015
33. का.आ. 1836 (अ) 07.07.2015
NOTIFICATION
New Delhi, the 23rd March, 2016
S.O. 1216(E).—In exercise of the powers conferred by section 9 of the Banking Companies(Acquisition and
Transfer of Undertakings) Act, 1970 (5 of 1970), the Central Government, after consultation with the Reserve Bank of
India, hereby makes the following scheme further to amend the Nationalised Banks(Management and Miscellaneous
Provisions) Scheme, 1970, namely:—
(1) (1) This scheme may be called the Nationalised Banks (Management and Miscellaneous Provisions)
Amendment Scheme, 2016.
(2) It shall come into force on the date of its publication in the Official Gazette.10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(2) In the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 ( hereinafter referred to
as the said Scheme), in clause 2, after sub-clause(b), the following sub-clause shall be inserted, namely:-
(ba) “Bureau” means the Banks Board Bureau established under clause 7-A;
(3) In the said Scheme, in clause 5, in sub-clause(1), after the words “Chairman of the Board”, the following words,
figure and letters shall be inserted:
“in the manner as specified in clause 7B.”
(4) In the said Scheme, after clause 6 shall be numbered as sub-clause (1) of clause 6 thereof and after sub-clause
(1) as so numbered, the following sub -clause shall be inserted namely:-
“(2) The Managing Director shall be appointed in the manner as specified in clause 7B.”
(5) In the said Scheme, after clause 7, the following clauses shall be inserted, namely:-
“7A. Creation of Banks Board Bureau
(1) The Banks Board Bureau (hereafter in this notification referred to as Bureau) shall be established by the Central
Government for the purpose of evolving a sound managerial policy for the nationalised banks.
(2) The Board of Directors of the Bureau shall consist of seven members with one Chairman and six members as
mentioned in the Table given below.
TABLE
Serial Name/Designation Designation
number
1. Part time Chairman Chairman
2. Secretary, Department of 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. Part time Member Member
6. Part time Member Member
7. Part time Member Member
(3)(i) The Chairman shall be a retired official from the banking sector or regulatory institutions or a business person of
repute with sufficient knowledge of the financial sector, or a person with at least twenty five years of experience in
public administration with experience of banking and financial sectors.
(ii) Out of three part time members of the Board, at least two shall be ex-public or private sector bankers and the rest
shall be academicians, former regulators, and business people, former administrators with experience in business
management, information technology, human resource, finance and accounting.
(4) All the members except the official members as indicated in sub-clause (3) including Chairman of the Bureau shall
be nominated by the Central Government on part time basis and shall be paid a sitting fee of fifty thousand rupee per
sitting or as determined by Central Government from time to time.
(5) The Bureau shall appoint a person to act as Secretary of the Bureau Secretariat and the Secretariat shall have its office
in Mumbai or such other place as the Central Government may, by notification specify.
(6) The Secretary and staff of the Bureau shall be appointed as per notified recruitment rules by the Department in
consultation with the Reserve Bank of India.
(7) The general superintendence, direction and management of the affairs of the Banks Board Bureau shall vest in the
Secretary (BBB), who shall exercise all powers and do all acts and things which may be exercised or done by the
Bureau in accordance with the Scheme.
7B Manner of Appointment of whole time Director and Chairman and creation of Bureau
A whole time Director referred to in clause (a) of sub-section (3) of section 9 of the Act and the Chairman referred to in
clause 5 shall be appointed by the Central Government, after consultation with the Reserve Bank, from out of a panel of
names of persons recommended by the Bureau as established under clause 7A.¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 11
7C Functions
The Bureau shall perform the following functions, namely:-
(a) to recommend the selection and appointment of Board of Directors in Nationalised Banks (Whole Time
Directors and Chairman);
(b) to advise the Central Government on matters relating to appointments, confirmation or extension of tenure
and termination of services of the Directors of nationalised banks;
(c) to advise the Central Government on the desired management structure of nationalised banks, at the level of
Board of Directors and senior management ;
(d) to advise the Central Government on a suitable performance appraisal system for nationalised banks;
(e) to build a data bank containing data relating to the performance of nationalised banks and its officers;
(f) to advise the Central Government on the formulation and enforcement of a code of conduct and ethics for
managerial personnel in nationalised banks ;
(g) to advise the Central Government on evolving suitable training and development programs for managerial
personnel in nationalised banks.
(h) to help the banks in terms of developing business strategies and capital raising plan and the like; and
(i) any other work assigned by the Government in consultation with Reserve Bank of India.
[F. No.16/69/2014-BO.I]
MOHAMMAD MUSTAFA, Jt. Secy.
Note : The principal scheme was published vide notification number S.O. 3793(E), dated the 16th November, 1970 and
subsequently amended vide following notifications :-
Sl. No. S.O. No Date
(1) (2) (3)
1. S.O. 67 (E) 17.11.1971
2. S.O. 192 (E) 15.03.1972
3. S.O. 575 (E) 04.09.1972
4. S.O. 651 (E) 25.09.1972
5. S.O. 715 (E) 16.11.1972
6. S.O. 3467 (E) 19.11.1973
7. S.O. 1992 (E) 16.06.1975
8. S.O. 1088 (E) 18.02.1976
9. S.O. 421 (E) 21.06.1976
10. S.O. 888 (E) 11.11.1980
11. S.O. 346 (E) 30.04.1980
12. S.O. 144 (E) 01.03.1984
13. S.O. 368 (E) 27.04.1985
14. S.O. 559 (E) 30.07.1985
15. S.O. 783 (E) 25.12.1985
16. S.O. 922 (E) 30.12.1985
17. S.O. 417 (E) 11.07.1986
18. S.O. 1234 (E) 31.12.1988
19. S.O. 809 (E) 01.11.1992
20. S.O. 289 (E) 03.04.1995
21. S.O. 907 (E) 10.11.1995
22. S.O. 507 (E) 05.02.1996
23. S.O. 58 (E) 20.01.2000
24. S.O. 1172 (E) 29.12.2000
25. S.O. 197 (E) 02.03.2001
26. S.O. 251 (E) 29.02.200712 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
27. S.O. 334 (E) 08.03.2007
28. S.O. 1057 (E) 29.06.2007
29. S.O. 2383 (E) 15.09.2009
30. S.O. 2736 (E) 05.12.2011
31. S.O. 42(E) 17.12.2014
32. S.O. 348 (E) 04.02.2015
33. S.O.1836(E) 07.07.2015
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and Published by the Controller of Publications, Delhi-110054.