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Finance Ministry looks to bring major changes at Banks Board Bureau

The finance ministry, over the next couple of months, is planning to identify new members, restructure the bureau, and recommend new names to the appointments committee of the cabinet

banks, bank
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The Banks Board Bureau was set up in 2016 by the government with an aim to select executive directors, and managing directors and chief executives of PSBs.

BS Web Team New Delhi
The Ministry of Finance is planning to bring more representatives from the insurance sector into the Banks Board Bureau (BBB), in a bid to expand and relaunch the body, a news report in Mint said. With this move, the ministry aims to empower the body to recommend people for public sector insurers and fasten hiring at the top level of state-owned financial institutions.

The union finance ministry, over the next couple of months, is planning to identify new members, restructure the bureau, and recommend new names to the Appointments Committee of the Cabinet (ACC), Mint reported quoting people aware of the

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First Published: Jun 20 2022 | 11:40 AM IST

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