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'Govt has not plans to abolish Banks Board Bureau'

Press Trust of India  |  New Delhi 

The government today said it is not considering abolishing the (BBB) and it has made a number of recommendations on human resource in public sector banks (PSBs).

"No proposal for abolishing BBB is under consideration," of State for Finance Shiv said in a written reply in Rajya Sabha.

The was responding to a question whether BBB set up under the chairmanship of former CAG Vinod Rai in 2016 has not been able to live up to the expectations to improve the quality of human resources in state-owned banks.

There a query also on whether the existing BBB was going to be abolished.

BBB has made various recommendations for human resources in PSBs, including selection and appointment of whole time directors and non-executive chairmen besides senior persons as government nominee directors on the PSB boards, Shukla said.

The government has also asked banks to secure proper management of human resources (HR) by implementing the recommendations of the covering manpower and recruitment planning, training and skill development, career planning, performance management among others.

"In addition, (RBI) has issued instructions to banks regarding certification of staff manning key responsibilities in identified areas," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 19:10 IST
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