The government is setting up Financial Services Institutions Bureau (FSIB), replacing Banks Board Bureau (BBB), as a single entity for making recommendations for appointments of whole-time directors and non-executive chairman of banks and financial institutions.
During the Bank Board Bureau’s tenure, recruitment to a higher level has been slow. Experts say that the new body should reduce the timeline for recruitments, which stretches on to eight-nine months.
The Appointments Committee of the Cabinet has asked the Department of Financial Services ..
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