Vinod Rai named chairman of Banks Board Bureau

Posted on:29 Feb 2016 09:26:10
Vinod Rai named chairman of Banks Board Bureau
29 February 2016 Current Affairs: Former CAG Vinod Rai was on Sunday appointed first Chairman of the Banks Board Bureau, which will advise the government on top-level appointments at public sector lenders and ways to address the bad loans problem among other issues. Besides, ICICI Bank s former Joint Managing Director H.N. Sinor, Bank of Baroda s former CMD Anil K Khandelwal and rating agency CRISIL s former chief Rupa Kudwa have been appointed members In a statement, the government said Prime Minister Narendra Modi has approved the proposal of the Department of Financial Services for the constitution of Banks Board Bureau (BBB) with the named persons as “part-time Chairman/Members, besides the ex-officio official members, for a period of two years”.

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