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Banks Board Bureau looks less relevant, One year on...

By: Arsh, Place: Mumbai,  Update:13 May 2017

Banks Board Bureau (BBB), headed by former Comptroller and Auditor General Vinod Rai, began work in April 2016 with a lot of expectations that it would contribute to the turnaround of public sector banks. A year later, it looks less and less relevant, though its mandate only got expanded, beyond selecting people for top posts.   A surprise resignation by its member H N Sinor, former joint managing director of ICICI Bank, has brought the spotlight on the working of BBB.   Senior public sector bank (PSB) executives said while the board's ambit has expanded, it is difficult ...

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