Bank Board Bureau

FSIB recommends Rama Mohan Rao Amara for Managing Director of SBI

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

Banks Board Bureau recommends 10 names for exec director posts in PSBs

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

BBB recommends Swaminathan Janakirman, A K Tewari for MD posts at SBI

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

Govt moves to reform bank boards: The six new rules you should know

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

Banks Board Bureau invites applications for post of CEO, MD in PNB, BoI

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

Govt sources refute Vinod Rai's claim, say FM met him on several occasions

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

Finance Ministry unlikely to disband Banks Board Bureau

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

Banks Board Bureau to discuss capital, consolidation today

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