Banks Board Bureau Holds its First Meet
Mumbai: The newly constituted Banks Board Bureau (BBB), headed by former CAG Vinod Rai, on Friday held its first meeting that was attended by RBI Governor Raghuram Rajan and Union Minister of State for Finance Jayant Sinha, among others. The Bureau has been constituted to recommend the government on selection of heads of public sector banks and financial institutions and help lenders in developing strategies and capital raising plans.
The day-long meeting was held at the RBI office in Mumbai. Besides Rai, Bureau members — ICICI Bank’s former Joint MD H N Sinor, Bank of Baroda's former CMD Anil K Khandelwal and Crisil's ex-chief Rupa Kudwa — were present. Its ex-officio members Ameising Luikham, Secretary Department of Public Enterprises; and R Gandhi, RBI Deputy Governor also attended.