Consider the following statements about Bank Board Bureau:
It will guide banks on mergers and consolidations.
Which of the above statements is/are correct
Consider the following statements about Bank Board Bureau:
It will guide banks on mergers and consolidations.
Which of the above statements is/are correct
The correct option is D All of these
Former CAG Vinod Rai has been appointed as the first Chairman of the Banks Board Bureau.
The bureau was announced last August as part of the seven-point Indradhanush plan to revamp these banks. It is an autonomous body.
What it does?
The Bureau is mandated to play a critical role in reforming the troubled public sector banks by recommending appointments to leadership positions and boards in those banks and advise them on ways to raise funds and how to go ahead with mergers and acquisitions.
It will constantly engage with the boards of all 22 public sector banks to formulate appropriate strategies for their growth and development.
They will also constantly engage with the Board of Directors of all the public sector banks to formulate appropriate strategies for their growth and development.
The bureau will search and select heads of public sector banks and help them develop differentiated strategies of capital raising plans to innovative financial methods and instruments
All of these
Former CAG Vinod Rai has been appointed as the first Chairman of the Banks Board Bureau.
The bureau was announced last August as part of the seven-point Indradhanush plan to revamp these banks. It is an autonomous body.
What it does?
The Bureau is mandated to play a critical role in reforming the troubled public sector banks by recommending appointments to leadership positions and boards in those banks and advise them on ways to raise funds and how to go ahead with mergers and acquisitions.
It will constantly engage with the boards of all 22 public sector banks to formulate appropriate strategies for their growth and development.
They will also constantly engage with the Board of Directors of all the public sector banks to formulate appropriate strategies for their growth and development.
The bureau will search and select heads of public sector banks and help them develop differentiated strategies of capital raising plans to innovative financial methods and instruments
