Financial Services Institutions: Appointment of board-level positions in PSBs gets center’s approval

Former Banks Board Bureau Chairman Bhanu Pratap Sharma to be the first Chairman of the entity.

The Centre has decided to set up Financial Services Institutions Bureau (FSIB) as a single entity for making recommendations for appointments of Wholetime Directors and Non-Executive Directors in public sector banks (PSBs), public sector insurers (PSIs) and financial institutions (FIs), said sources.

Source: Business line

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