He replaces Vinod Rai, who was appointed as the first chairnman of BBB for a two year term.
Sharma has been appointed for two years.
"Govt renews commitment to not interfere in Sr level appointments in PSBs," Kumar said in a tweet while announcing the new appointment.
BBB recommendations made so far include HR reforms agenda to be taken forward, Kumar added.
The Bureau was set up by the government in 2016 as a body of eminent professionals and officials, replacing the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairman of PSBs.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)