Banks Board Bureau pushes for governance reforms in public sector banks

The BBB has told the government to improve the operative environment and selection process for filing up post of directors on PSB boards to "attract the best board-level talent"

The Banks Board Bureau (BBB) has reiterated some of the pending demands related to governance in public sector banks (PSBs) to the central government, including complete autonomy to their boards to decide on organisational structure.

The BBB, led by Bhanu Pratap Sharma, has released a list of activities undertaken between October 2018 and March 2019 on its website, as a part of the routine process.

“After detailed review, the earlier recommendations of the Bureau have been reiterated or fresh recommendations made available to the government for further consideration,” the BBB said, listing at least seven key areas. Financial Services Secretary Rajiv Kumar