ACC approves extension of Bank Board Bureau members’ tenure by 2 years

The Appointments Committee of the Cabinet (ACC) has approved the extension of tenure of all members and the current part-time chairman of the Bank Board Bureau(BBB) by 2 years, which is coming to an end on April 11,2020. The former Secretary in the Department of Personnel and Training, Bhanu Pratap Sharma, will continue to hold the post of part-time member of the board.

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Other part-time members of the board:

• Vedika Bhandarkar, former MD (managing director) of Credit Suisse;
• P Pradeep Kumar, former MD of State Bank of India (SBI)
• Pradip P Shah, founder MD of rating agency CRISIL.

Important takeaways for all competitive exams:

• Headquarters of Banks Board Bureau: Mumbai, Maharashtra.
• In February 2016, the government formed the Banks Board Bureau and was given the responsibility of deciding candidates for the top positions in public sector banks and financial institutions.

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