Question
Who is the chairman of Banks Board Bureau?
Solution
Former Comptroller and Auditor General (CAG) Vinod Rai is the first Chairman of Banks Board Bureau (BBB). The bureau was announced by the Government in August 2015 as part of seven point Indradhanush Mission to revamp the PSBs. It will recommend for appointment of full-time Directors as well as non-Executive Chairman of PSBs. Give advice to PSBs in developing differentiated strategies for funds raising dealing with stressed assets. It will also guide banks on mergers and consolidations.
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