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Financial Services Institutions Bureau
July 6 , 2022
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- The Union government has transformed the “Banks Board Bureau (BBB)” into “Financial Services Institutions Bureau (FSIB)”.
- The ACC has approved the appointment of Bhanu Pratap Sharma as initial chairperson of FSIB.
- He has been appointed for two years.
- He was the former Chairman of BBB.
- The FSIB will make recommendations for appointments of full-time directors as well as non-executive chairman of banks and financial institutions.
- Guidelines to select general managers and directors of public sector general insurance companies is also a part of FSIB now.
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