Question

To improve the governance structure in the public sector banks, Banks Board Bureau was created by GOI in 2016. Which Committee recommended for setting up such body?

Q: Answer-&lt;p&gt;To improve the governance structure in the public sector banks, Banks Board Bureau was crea...

Bank Board Bureau BBB was set-up in Feb 2016, with former CAG Vinod Rai as its first chairman. Banks Board Bureau is an autonomous body of the central government tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of government owned banks and financial institutions and to help banks in developing strategies and capital raising plans.