Dissolve BBB immediately, demands AIBOC

Officers' union of public sector banks AIBOC has demanded dissolution of Banks Board Bureau (BBB) headed by former CAG Vinod Rai.
Citing list of shortlisted general managers for executive directors, the union condemned the callous behaviour of BBB in publishing the list.
"It is utter casual approach of BBB that a list is published, withdrawn and fresh list is published after the lapse of more than 3-4 days. It gives credence to the popular belief that the selection process to the top most posts in PSBs is not transparent and flawless," All India Bank Officers Confederation (AIBOC) said in a statement.

It gives credence to the popular belief that the selection process to the top most posts in PSBs is not transparent and flawless, it claimed.
"BBB had published a list of 15 candidates selected after an 'interaction' process (interview) on June 30. Reportedly, 'it was immediately withdrawn as an error was detected. On July 4, a fresh list has been loaded on its website. Surprisingly, one name has been replaced in the new list. The so called 'error detected' (as claimed by BBB) cannot be reason for playing with the careers and names of the candidates," it said.
The very fact that BBB took 4 days to effect corrections to the so called 'error' leads to suspicion on fair play, the union said.

Moreover, for such a responsible task of selection of Executive Directors for PSBs, any concept of 'error' cannot be accepted and more so when apparently, it looks like a design to axe some name, it added.

Raising a question mark on the selection process, the Union said the selection by Boards of MDs/EDs has not helped the banks to improve their performance.
"People brought in from Private Sector as Managing Director have not really brought any dramatic change. The Boards are not filled in time," it said.
BBB had been making conflicting statements since its inception, especially in respect of mergers, wage revision or packages and the like, it added.

It is high time to dissolve Banks Board Bureau as demanded by some of the columnists of business newspapers, the union said.