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A Prolific Year

A Prolific Year

Anjuly Chib Duggal has been the driving force behind several big initiatives of the government.

ANJULY CHIB DUGGAL Secretary, Department of Financial Services, Ministry of Finance ANJULY CHIB DUGGAL Secretary, Department of Financial Services, Ministry of Finance

In her two-year stint as Secretary, Department of Financial Services, Ministry of Finance, Anjuly Chib Duggal has overseen several big initiatives. But her last few months in office - she retired in August 2017 - were, perhaps, the most action-packed. She was leading the government's efforts to resolve the NPA deadlock. One of the many big steps taken towards that was the implementation of the NPA ordinance passed in May this year. Her department was also spearheading the government's endeavour in popularising a cashless payment system in the country post demonetisation.

While her contribution to these initiatives is well-known, she had also been inconspicuously working on other equally important government policies from the Jeevan Deep Building on Sansad Marg, away from the North Block, which houses all other departments of the Finance Ministry.

Duggal and her department were instrumental in carrying out the merger of State Bank of India (SBI) with its associate banks - State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore. She also oversaw the merger of Bhartiya Mahila Bank with SBI.

Supervising the infusion of Rs 25,000 crore into 19 public sector banks (PSBs) during FY 2015/16 and the allocation of Rs 22,915 crore to 13 PSBs in FY 2016/17 was one of the most significant tasks that her department accomplished in the past two years. Duggal also played a crucial role in the formation of the Banks Board Bureau - of which she is a member - formed to reform struggling PSU banks as part of the government's Indradhanush Plan.

A 1981 batch IAS officer, Duggal was Secretary in the Ministry of Corporate Affairs (MCA) before taking charge of the department of financial services. Apart from overseeing the introduction of the new Companies Act, she has also resolved thorny issues like integrating the National Company Law Tribunal with the Bankruptcy Law, during her stint as Secretary, MCA.

Published on: Sep 16, 2017, 4:08 PM IST
Posted by: Anneshwa Bagchi, Sep 16, 2017, 4:08 PM IST