banking service chronicle Ex officio members Secretary in charge of DFS Department of Public Enterprises Chairperson of the Insurance Regulatory and Development Authority of India (IRDAI) Deputy Governor of RBI. o 3 persons with subject matter knowledge relating to PSBs and FIs and 3 persons with subject matter knowledge relating to PSIs (to be nominated by the Central Government) as part time members. banking service chronicle magazine Significance of FSIB Reduction in time taken for appointments Due to improvement in processes for scrutiny and leveraging on technology there will be a significant reduction in time taken for appointments in PSBs FIs and PSIs banking service chronicle magazine subscription