Government Sets up Bank Board Bureau (BBB) to Imporve The Governance of Public Sector Banks

With a view to improve the governance of Public Sector Banks (PSBs), the Government has decided to set up an autonomous Bank Board Bureau (BBB).

The Bureau will search and select heads of Public Sector Banks and help them in developing differentiated strategies and capital raising plans through innovative financial methods and instruments. The BBB is proposed to start functioning from 1st April, 2016.

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