Shri Bhushan Kumar Sinha presently Joint Secretary, Department of Financial Services (DES), Ministry of Finance , has been appointed as Government nominee Director on the Board of Directors of IIFCL vice Shri Lalit Kumar Chandel.
Dr. Bhushan Kumar Sinha belongs to the 1993 batch of Indian Economic Service. He holds a Master’s degree in Business Administration (MBA) from the National Graduate School of Management (NGSM), Australian National University (ANU), Canberra (Australia). He is also a Law Graduate and holds a Ph. D. degree in Financial Economies from Department of Financial Studies, University of Delhi.
Dr. Sinha has worked primarily in the financial sector of the economy covering areas, such as Capital Market, Disinvestment & Public Asset Management, Banking, etc during his postings in various Departments of the Ministry of Finance in the Government of India (GoI). He has also worked for the MSME sector during his stint as Joint Development Commissioner in the Ministry of MSME.
Post his joining as Joint Secretary in DFS in June, 2018, Dr. Sinha has handled Financial Inclusion (FI) related initiatives of the GoI as well as matters relating to credit to agriculture /rural sector with special focus on priority sector lending by banks and functionating of Regional Rural Banks (RRBs) in India.
Currently, he is handling all matters relating to Development Financial Institutions (DFIs), including, National Bank for Financing Infrastructure and Development (NaBFID), Small Industries Development Bank of India (SIDBI), Export-Import Bank (EXIM Bank), India Infrastructure Finance Company Ltd. (IIFCL), Industrial Finance Corporation of India Ltd. (IFCI), National Housing Bank (NHB), etc. He is also handling all infra-financing related matters as well as sectoral lending policies/ issues in the Department.
Before joining DFS in May, 2018, Dr Sinha had a three-year stint as Economic Adviser in the Department of Investment & Public Asset Management (DIPAM), Ministry of Finance, GoI. During this tenure, he was instrumental in steering the paradigm shift in the GoI’s policy strategy by facilitating migration from ‘divestment-based approach to the concept of efficient management of investments’ in Central Public Sector Enterprises (CPSEs). Prior to DIPAM, Dr. Sinha was posted as Director in the Office of the Finance Minister, GoI.
Presently, he is also the Government Nominee Director on the Boards of Bank of India and Small Industries Development Bank of India (SIDBI). Earlier, he has served as the Government Nominee Director on the Boards of Central Bank of India, National Bank for Agriculture & Rural Development (NABARD), Industrial Finance Corporation of India Ltd. (IFCI) and Micro Units Development & Refinance Agency (MUDRA) Ltd.
Indian Bureaucracy Dot Com wishes Bhushan Kumar Sinha the very best.
