Question
To improve the governance structure in the public sector
banks, Banks Board Bureau was created by GOI in 2016. Which Committee recommended for setting up such body?Solution
Bank Board Bureau (BBB) was set-up in Feb 2016, with former CAG Vinod Rai as its first chairman. Banks Board Bureau is an autonomous body of the central government tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of government owned banks and financial institutions and to help banks in developing strategies and capital raising plans.
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