The Union Finance Ministry has appointed Bhanu Pratap Sharma as the chairman of Banks Board Bureau (BBB). Bhanu will be replacing former Comptroller and Auditor General Vinod Rai.
Some of the other new members are: Vedika Bhandarkar, former vice-chairman and managing director (investment banking and global markets) of Credit Suisse, India; P. Pradeep Kumar, former managing director of State Bank of India; and Pradeep Shah, former managing director, Crisil.
Mr. Sharma was former the chairman of recruitment and assessment centre of DRDO (Defence Research and Development Organisation) and former Principal Secretary (Finance) in the Bihar government.
The BBB, which has the responsibility of selecting members, including MDs & CEOs of public sector banks, started functioning in April 2016 with Mr. Rai at the helm. The chairman and its committee members had a two-year term, which ended in March 2018.