Dr. Bhushan Kumar Sinha assumed charge as Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI) on February 11, 2025, in New Delhi. He holds a PhD in Financial Economics from the University of Delhi, an MBA from the Australian National University, and an LLB from the University of Delhi.
Dr. Sinha, a 1993 batch officer of the Indian Economic Service (IES), has held key roles in the Ministry of Finance, focusing on banking, capital markets, debt management, MSMEs, and asset management. He has played a significant role in policy and operational reforms in corporate bond markets, financial inclusion, fintech development, and governance reforms. He also contributed to external commercial debt regulation and infrastructure financing, including the establishment of the National Bank for Financing Infrastructure Development.
As Joint Secretary and Senior Economic Adviser in the Department of Financial Services, he spearheaded banking sector reforms, credit discipline measures, and responsible lending initiatives. Additionally, he has served as a Government Nominee Director on the boards of various banks and financial institutions. His expertise in economic policy, financial regulation, and governance is expected to contribute to the IBBI’s regulatory framework and insolvency resolution mechanisms.
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Insolvency and Bankruptcy Board of India
Press Release No. IBBI/PR/2025/04 Dated: 12th February 2025
Dr. Bhushan Kumar Sinha takes charge as Whole Time Member of Insolvency and Bankruptcy Board of India
Dr. Bhushan Kumar Sinha took charge as Whole Time Member of Insolvency and Bankruptcy Board of India on 11th February, 2025 in New Delhi.
Dr. Bhushan Kumar Sinha holds a PhD in Financial Economics from University of Delhi and an MBA from the College of Business Studies, National Graduate School of Management, Australian National University, Canberra. He also holds an LLB from University of Delhi.
Dr. Sinha joined the Indian Economic Service (IES) in 1993, coinciding with the economic reforms process in India. Over the years, he has held key portfolios in banking & finance, capital & debt markets, external debt management, asset management & strategic divestment, MSMEs, etc., while serving in the Ministry of Finance. He has also served as Joint Development Commissioner for four years in the Office of Development Commissioner, Ministry of MSME
His specialization includes policy and operational reforms in banking, corporate bond markets, financial inclusion, responsible lending, governance reforms, and the development of fintech and digital public infrastructure. He has played a crucial role in regulating external commercial debt inflows, managing government investments, and facilitating financing from international debt markets for Indian corporations. Also played a key role in operationalizing National Bank for Financing Infrastructure Development, the first of its kind of specialised development financial institution, setup to meet the infrastructure funding gap in India.
During his tenure as Joint Secretary and later as Senior Economic Adviser in the Department of Financial Services, Ministry of Finance, he piloted key reforms in the Indian banking sector, including financial inclusion, credit discipline, responsible lending and improved governance.
Dr. Sinha also held the position of Government Nominee Director on the Boards of various banks and financial institutions.
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MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 12th February, 2025
No. 30/2/2024-Insolvency.—In exercise of the powers conferred by section 189 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government has appointed Dr.Bhushan Kumar Sinha, Former Senior Economic Advisor, Department of Financial Services as Whole-time member of the Insolvency and Bankruptcy Board of India with effect from the date of the assumption of charge of the post i.e. forenoon of 11thFebruary, 2025 for a term of five years or upto the age of sixty five years or until further orders, whichever is the earliest.
ANITA SHAH AKELLA, Jt. Secy.
