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Banks Board Bureau chairman
April 16 , 2018
2269 days
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- The Union Finance Ministry has reconstituted the Banks Board Bureau (BBB) and appointed Bhanu Pratap Sharma as its chairman, replacing former Comptroller and Auditor General Vinod Rai.
- Sharma was former the chairman of recruitment and assessment centre of DRDO (Defence Research and Development Organisation) and former Principal Secretary (Finance) in the Bihar government.
- The body was also reconstituted and the government also appointed VedikaBhandarkar, P. Pradeep Kumar and Pradeep Shah as the new members.
Banks Board Bureau (BBB)
- The BBB, which has the responsibility of selecting members, including MDs & CEOs of public sector banks, started functioning in April 2016 with Mr. Rai at the helm.
- The BBB was set up on the recommendations of a committee headed by banker P J Nayak.
- Its mandate is to improve PSB governance, recommend on selection of chiefs of government-owned banks and financial institutions and to help banks in developing strategies and capital raising plans.
- It is based in Mumbai, at the Reserve Bank of India (RBI).
- The chairman and its committee members had a two-year term, which ended in March 2018.
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