Question
What is the full form of FSIB, the institute
responsible for recommending to the government the person for appointment to the Board of financial institutions?Solution
Financial Services Institutions Bureau (FSIB) was constituted effective from July 01, 2022, by Central Government for the purpose of recommending persons for appointment as whole-time directors and non-executive chairpersons on the Boards of financial services institutions and for advising on certain other matters relating to personnel management in these institutions. FSIB replaced Banks Board Bureau (BBB).
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