Current Affairs

Bhanu Pratap Sharma Appointed Chairman of Bank Board Bureau

Former Secretary of DoPT, Bhanu Pratap Sharma was appointed as the Chairman of Banks Board Bureau (BBB).

  • He will hold the office as the Chairman of BBB for a period of two years.
  • He will succeed the former Comptroller and Auditor General (CAG) Vinod Rai who was appointed as the Chairman of BBB for a two year term. His two year term ended in March 2018.
  • The other members of the BBB are: Vedika Bhandarkar (former MD Credit Suisse India), P Pradeep Kumar (former MD SBI) and Pradip P Shah (founder MD Crisil).

About Bhanu Pratap Sharma

  • Mr. Sharma is a retired IAS officer, Bihar cadre, 1981 batch and a former Principal Secretary (Finance) in the Bihar government.
  • He is presently chairman of the recruitment and assessment centre at the Defence Research and Development Organisation (DRDO).
  • He had been health secretary and secretary for personnel and training at the Centre, before retiring in June 2017 from the civil service.

Banks Board Bureau

  • Banks Board Bureau (BBB) is an autonomous body of the Government of India for the PSBs (Public Sector Banks).
  • It was announced by the Union government in August 2015 as part of seven point Indradhanush Mission to revamp the PSBs.
  • The Modi government has approved the setting up of BBB in February 2016 and BBB started functioning from April 2016.
  • It replaced the Appointments Board of Government.
  • It is housed in RBI’s central office in Mumbai, Maharashtra.
  • The BBB engages with the Public Sector Banks (PSBs) to help build capacity to attract, retain and nurture both talent and technology.
  • It aims to help prepare PSBs to take on the competition, have the ability to appropriately manage and price risk across business cycles, develop resilience to generate internal capital etc.
Bhanu Pratap Sharma Appointed Chairman of Bank Board Bureau Bhanu Pratap Sharma Appointed Chairman of Bank Board Bureau Reviewed by Aman Bhatia on April 15, 2018 Rating: 5

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