Appointments - Current Affairs Questions and Answers for Q. 19821
Q. Which former CAG has been appointed as the first chairman of the Banks Board Bureau?- Published on 29 Feb 16a. Shashi Kant Sharma
b. Vinod Rai
c. VN Kaul
d. VK Shunglu
ANSWER: Vinod Rai
The Banks Board Bureau will advise FoI regarding top appointments in PSU banks and ways to address NPAs and bad loans. Former ICICI Joint MD HN Sinor, BoB’s former CMD Amit Khandelwal and rating agency CRISIL’s ex chief Rupa Kudwa are also members. PM Modi approved the proposal of the Department of the Financial Services for constitution of Banks Board Bureau with named persons as part time Chairman/ Members besides ex officio official members for as long as 2 years. There are currently 22 state owned banks in India including SBI and IDBI. BBB was earlier proposed by the government as a body of eminent pros and officials who will replace the Appointment Board for appointment of Whole Time Directors and non Executive Chairman of Public Sector Banks. Bureau is mandated to play a key role in reforming PSU banks through recommendation of appointment to leadership positions and boards in the banks. This bureau is part of the Infradhanush plan to revamp banks. In additional to the chairman, the bureau will have three ex officio members and three expert members along with the Chairman.
