Bank Board Bureau formed to replace appointment board

Q.  Name the body of 'eminent' professionals and officials, which will replace the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairman of PSBs?
- Published on 08 Sep 15

a. NITI Aayog
c. Bank Board Bureau
d. Bureau of Banking Standards

ANSWER: Bank Board Bureau
The government decided to set up a Bank Board Bureau, BBB through which two dozen state-run banks would be monitored for key performance indicators. The BBB will start the functioning from the 1st of April next year and the selection of its member will start in the next six months.

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