Bank Board Bureau

FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rama Mohan Rao Amara for the position of managing director of State Bank of India (SBI). Amara is currently Deputy Managing Director of the bank. He will fill the vacancy created due to elevation of C S Setty as chairman of the country's largest lender. The Financial Services Institutions Bureau (FSIB) interviewed 9 candidates for the position of managing director of SBI, FSIB said in a statement. "Keeping in view their performance in the interface, overall experience and the extant parameters, the Bureau recommends Rama Mohan Rao Amara for the position of MD in SBI," it said. The SBI board is headed by Chairman assisted by four managing directors. With the selection of Amara, SBI will get its fourth MD. The final decision on FSIB's recommendation would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. FSIB is headed by former secr

The Banks Board Bureau (BBB) on Saturday recommended to the government names of 10 general managers of various public sector banks for appointment as executive directors

A K Tiwari has been serving as the managing director and chief executive at SBI Card since August 1, 2020.

Experts say it won't be easy to appraise general managers because the board won't be knowledgeable enough

As per the BBB's recruitment notice, candidates can apply for the vacancies at PNB and BOI till September 16

On Monday, Rai had alleged communication breakdown between FinMin and BBB; FM likely to respond soon

Asked if there is any decision on giving extension to existing chairman Vinod Rai, the official said, the government is yet to take a call on the issue

Bureau is a temporary arrangement to be transitioned into a Bank Investment Company that would act as a holding company for all PSBs