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Banks board bureau News

State Bank of India

16 Mar 2022

Banks Board Bureau recommends Alok Choudhary for SBI Managing Director post

Choudhary will replace Ashwini Bhatia who has been appointed a whole time member of Sebi. The Bureau interviewed 21 candidates and based on their performance.

India Post Payments Bank

23 Oct 2017

India Post Payments Bank hires ex-Vodafone top exec as MD, CEO

The IPPB had targeted to set-up 650 branches across country by September this year but it now aims to complete the roll out of these branches by early next year.

08 Sep 2017

Close down Dept of Financial Services, says Raghuram Raja

Rajan also expressed displeasure at the working of the Banks Board Bureau (BBB), and pitched for having banks run by independent boards and not the finance ministry.

Banks board bureau

19 Mar 2017

Vinod Rai writes to FM, PMO on bad loans, suggests roadmap

Expressing concerns over mounting bad loans, Banks Board Bureau (BBB) Chief Vinod Rai has written to Finance Minister Arun Jaitley and Prime Minister's Office underlining the tardy progress made by state-owned lenders in resolving the issue of Non Performing Assets.

Employee Stock Option plans. ESOPS

05 Mar 2017

Finance Ministry gives in-principle nod to ESOPs by PSU banks

Finance Ministry has agreed in-principle to allow public sector banks to offer stock options to their employees from next fiscal -- a move aimed at retaining experienced hands with better incentives.

Banks board bureau

17 Feb 2017

Eight Executive Directors appointed in various banks

Eight Executive Directors (EDs) have been appointed in various public sector banks on the recommendations of Banks Board Bureau.

Bank employees unions

10 Jan 2017

Bank employees unions contest proposal for performance linked pay

Bank employees unions have expressed their stiff opposition to any move to introduce performance linked incentive for public sector banks proposed by Banks Board Bureau (BBB) chief Vinod Rai.

16 Aug 2016

Banks consolidation next fiscal, priority to end NPAs: BBB chief Vinod Rai

The consolidation of more banks may begin from next fiscal as the priority today is to unlock the jammed lending system with the Non-Performing Assets (NPAs) sitting over balance sheets of banking institutions, Banks Board Bureau chief Vinod Rai said Tuesday.

28 Feb 2016

Vinod Rai's appointment a 'quid pro quo' by BJP govt: Surjewala

Criticising the appointment of former Comptroller and Editor General (CAG) Vinod Rai as the chairman of the newly-constituted Banks Board Bureau (BBB), Congress in charge of communications Randeep S. Surjewala on Sunday accused the Bharatiya Janata Party (BJP) Government of "quid pro quo", while questioning the legality of such an appointment under Article 148 (4) of the Constitution.

28 Feb 2016

Vinod Rai appointed first Chairman of Banks Board Bureau

Former CAG Vinod Rai was Sunday appointed first Chairman of the Banks Board Bureau, which will advise the government on top-level appointments at public sector lenders and ways to address the bad loans problem among other issues.

09 Aug 2015

Banks Board Bureau to be set up soon: Secretary

The Bureau is likely to be a six-member board comprising former CMDs of banks and financial services sector experts.

26 Mar 2015

Bank reforms positive but implementation a risk, says Fitch

Jaitley proposed to set up an autonomous Banks Board Bureau to help lenders raise capital for expansion needs.

02 Mar 2015

Banks board bureau to be set up in next 4 mths: FinMin

Finance Ministry Monday said an autonomous banks board bureau is expected to be constituted in the next four months for improving governance of public sector banks.

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