Banks Board Bureau

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Banks Board Bureau (BBB) is an autonomous body of the Government of India[1] tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of government owned banks and financial institutions and to help banks in developing strategies and capital raising plans. In February 2016, the NDA government approved the proposal for setting up BBB and it started functioning from April 2016.[2] The BBB works as step towards governance reforms in Public Sector Banks (PSBs) as recommended by P.J. Nayak Committee.[3]

Bhanu Pratap Sharma is the new Chairman of the Mumbai[4] based Bureau.[5]. It is housed in RBI’s Central Office in Mumbai.

The BBB was the part of Indradhanush Plan of government.

References[edit]

  1. ^ "Government constitutes Banks Board Bureau (BBB) to Improve The Governance of Public Sector Banks: Shri Vinod Rai, Former Comptroller and Auditor General of India (CAG), appointed as the Chairman of Banks Board Bureau". Pib.nic.in. 2016-04-01. Retrieved 2016-09-03. 
  2. ^ "Vinod Rai appointed first Chairman of Banks Board Bureau". The Economic Times. 29 February 2016. Retrieved 31 March 2018. 
  3. ^ Busvine, Douglas (2016-05-24). "Interview: Banks Board Bureau chief says it's time for mergers | Reuters". In.reuters.com. Retrieved 2016-09-03. 
  4. ^ "New Bank Board Bureau to be based in Mumbai". The Hindu. 2016-04-07. Retrieved 2016-09-03. 
  5. ^ "Centre's nod for Bank Board Bureau". The Hindu. 2016-02-29. Retrieved 2016-09-03. 

External links[edit]

Official website