Licchavi Lyceum


Licchavi Lyceum

Banks Board Bureau (BBB)

As part of Banking Reforms, Banks Board Bureau was constituted. It is entrusted to improve the commercial performance and governance process of state-owned banks, by appointing the right candidates to lead these institutions.

BBB is responsible for selection of Heads of PSBs, and for Fulltime Directors and Non-Executive Chairman on the Boards of PSBs.

Later, BBB is also expected to help PSBs in developing strategies and capital raising plans. 

Apart from the Chairman, Vinod Rai (ex-CAG), the Bank Board Bureau comprises three Members with specialised field expertise. While, three ex-officio members of the Bureau are RBI Deputy Governor; Secretary, Department of Financial Services and Secretary, Department of Public Enterprises.

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