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What is Establishment of Financial Services Institutions Bureau about?
The Cabinet Appointments Committee has established the Financial Services Institutions Bureau (FSIB) to replace the Banks Board Bureau (BBB), with the mandate to select leaders for public sector banks and insurance companies. Bhanu Pratap Sharma has been appointed as the initial chairperson of FSIB for two years. The FSIB aims to streamline the appointment process and address previous issues faced by the BBB, including legal challenges regarding its authority to select directors.
- Author
- meeramagan787
- Language
- EN