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financial service institution Bureau
Agency overview
Formed
April 1, 2016 (2016-04-01)
Jurisdiction
Govt of India
Agency executive
Bhanu Pratap Sharma, Chairman
Parent department
Ministry of Finance
Website
https://banksboardbureau.org.in/
Banks Board Bureau (BBB) is an autonomous body of the Government of India[1] tasked to search and select appropriate personages for the Board of Public Sector Banks, Public Sector Financial Institutions, and Public Sector Insurance Companies and recommend measures to improve Corporate Governance in these Institutions. In 2022, it was replaced by Financial Services Institutions Bureau(FSIB) with chairman and mandate remaining the same, in response to a Delhi High court order rendering BBB as incompetent.[2]
^"Government constitutes Banks Board Bureau (BBB) to Improve The Governance of Public Sector Banks: Shri Vinod Rai, Former Comptroller and Auditor General of India (CAG), appointed as the Chairman of Banks Board Bureau". Pib.nic.in. 1 April 2016. Retrieved 3 September 2016.
^Karthik, Hamsini (18 July 2022). "From Banks Board Bureau to Financial Services Institutions Bureau". BusinessLine. Retrieved 14 March 2024.
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