Former Comptroller and Auditor General (CAG) Vinod Rai has been appointed as the first Chairman of Banks Board Bureau (BBB). His appointment comes after Prime Minister has approved the proposal of the Department of Financial Services for the constitution of the BBB.He is former Comptroller and Auditor General(CAG) from January 2008 and May 2013.
Last year Finance Minister Arun Jaitley in last 2015 announced that the government is going to set up a Bank Board Bureau for Public Sector Unit (PSU) banks, where each bank would be monitored on the basis of”key performance indicators”. Apart from chairman Vinod Rai , the other three members are Anil K. Khandelwal, former CMD of Bank of Baroda, H.N. Sinor, former Joint MD, ICICI Bank and Rupa Kudwa, former MD and CEO, CRISIL.
There are 22 state-owned banks in India including SBI, IDBI Bank and Bhartiya Mahila Bank.
So lets do.
1- Who is presents Comptroller and Auditor General(CAG)?
2- Who is the first first Chairman of Banks Board Bureau (BBB)