The Prime Minister, in 2016, approved the constitution of Banks Board Bureau as a body of eminent professionals and officials to make recommendations for appointment of whole-time directors as well as non-executive chairpersons of public sector banks.
Existence of Banks Board Bureau shows govt's abdication of responsibility, says M Damodaran, former Sebi chief
Damodaran said the problem with the public sector banks is that the majority owner (government) either does not understand the difference between ownership and management or is unwilling to understand the dichotomy.
Banks Board Bureau bats for autonomy to PSBs to decide organisational structure for better efficiency
The BBB headed by former DoPT secretary BP Sharma also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs
Thirty-four in fray for managing director post in PSBs; Banks Board Bureau to hold interviews from 28 June
The Banks Board Bureau (BBB), the advisory body formed by the government for selection of candidates for top level board appointment, will interview as many as 34 executive directors, deputy managing directors and other eligible senior officials.
Banks Board Bureau recommends 22 general managers for elevation as executive directors at public sector banks
Banks Board Bureau has recommended 22 general managers to be elevated as executive directors at the various public sector banks
PMO mulls new body to oversee governance of state-run lenders, move could dissolve Banks Board Bureau
It is learnt that the EAC proposal titled ‘Continuing Reforms In PSBs for Better Performance’ is under active consideration of the PMO and a decision to upgrade BBB is likely to be announced soon.
Videocon loan row: Newly appointed Banks Board Bureau member Pradeep Kumar advised Rajiv Kochhar's firm Avista till recently
BBB member P Pradeep Kumar advised Rajiv Kochhar's firm Avista on strategy.
Bhanu Pratap Sharma replaces Vinod Rai, who was appointed as the first chairman of Banks Board Bureau (BBB) for a two year term
Banks Board Bureau (BBB) chairman Vinod Rai on Monday dismissed reports of lack of coordination between the board and the government saying that the rapport was ‘total'
From bad loans to excess liquidity, why situation post NPA and fraud episodes is not a happy one for banks
Banks Board Bureau that was set up for appointments has not exactly been even a moderate success and hence the issue of management at banks remains open.
Consolidation of PSU banks necessary for strong credit growth and job creation, says BBB's Vinod Rai
Consolidation of India's public-sector banks is seen as a final step in rebuilding a financial system capable of underwriting credit growth and job-creating investment in Asia's third-largest economy
Rajan listed a number of institutions that oversee banks, including parliament, the recently created Banks Board Bureau to improve governance at state-owned lenders and the RBI
Unless the government generously fork out money to bail out these lenders, experts believe a crisis is awaiting state-run banks
Last week, Finance Minister Arun Jaitley in his Budget speech had announced setting up the autonomous Banks Board Bureau for helping lenders raise capital for meeting expansion needs.