Bank Board Bureau

Centre approves extension of Bank Board Bureau members’

According to the Department of Financial Services, the Appointments Committee of the Cabinet (ACC) has approved the extension of the tenure of all members and the current part-time chairman of the Bank Board Bureau(BBB) by 2 years, which is coming to an end on April 11, 2020.

Key Points:

i.Bhanu Pratap Sharma, the former Secretary in the Department of Personnel and Training, will continue to hold the post of a part-time member of the board.

ii. Other part-time members of the board include Vedika Bhandarkar, former MD (managing director) of Credit Suisse; P Pradeep Kumar, former MD of State Bank of India (SBI); and Pradip P Shah, founder MD of rating agency CRISIL.

About Banks Board Bureau (BBB):

Headquarters: Mumbai, Maharashtra

In February 2016, the government formed the Banks Board Bureau and was given the responsibility of deciding candidates for the top positions in public sector banks and financial institutions.

Source: TH

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