BOA Section


Preparation of annual consolidated review on the working of Public Sector Banks (PSBs) and laying it on the Tables of both Houses of Parliament; pattern of accounting and final accounts in Public Sector Banks; study and analysis of the working results of PSU Banks; audit of banks, appointment and fixation of remuneration of auditors of PSBs/FIs; laying of annual reports and audit reports etc., of PSU Banks in Parliament. Taxation matters of PSBs/FIs; dividend payable to Central Government by PSBs; scrutiny of the annual financial reviews of PSBs conducted by RBI under Section 35 of the Banking Regulation Act, 1949 and follow up action; operation of the schemes of bank guarantee by PSBs and related complaints. Capital restructuring of PSBs (including restructuring of weak PSBs) and Government’s contribution to share capital, public issue of banks; Release of externally aided grants to ICICI Bank under USAID, Citizen’s Charter of Public Sector Banks/RBI. Disputes and arbitration between PSBs and between PSBs and other Govt. Departments,/PSEs; appointment of advocates in PSBs, acquisition/ leasing/ renting/ vacation of premises; residuary matters of Portuguese Banks in Goa, Estate Officers under Public Premises Act, 1971; opening and shifting of administrative offices of banks. All Policy matters related to Banking Operation such as Licensing, amalgamation, reconstruction, moratorium funds, and acquisition of private sector banks; overseas branches of Indian banks; operation of foreign banks in India and functioning of PSBs, Banking Sector Reforms. Notification regarding exemption from various sections of the Banking Regulation Act, 1949 and appointment of appellate authority to hear appeals under BR Act and PSBs Act. Administration of all Acts/ Regulations/ Rules related to Public Sector Banks, RBI and State Level Banks. Appellate Authority on NBFCs and NBFCs/ Asset Restructuring Companies.

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