He replaces Vinod Rai, who was appointed as the first chairnman of BBB for a two year term.
Sharma has been appointed for two years.
"Govt renews commitment to not interfere in Sr level appointments in PSBs," Kumar said in a tweet while announcing the new appointment.
BBB recommendations made so far include HR reforms agenda to be taken forward, Kumar added.
The other members of the BBB are: Vedika Bhandarkar (former MD Credit Suisse India), P Pradeep Kumar (former MD SBI) and Pradip P Shah (founder MD Crisil).
The Bureau was set up by the government in 2016 as a body of eminent professionals and officials, replacing the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairman of PSBs.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)