Sharma replaces Vinod Rai, who was the first chairman of BBB for a two-year term.
Like Rai, Sharma tenure at BBB will also be of two years.
While announcing Sharma’s appointment, Financial Services Secretary Rajiv Kumar said the new chairman will also have the same mandate as Rai.
“Govt renews commitment to not interfere in Sr level appointments in PSBs,” tweeted Kumar, announcing the appointment.
Further, the newly appointed professionals from across diverse fields will help in the recruitment of top management in Public Sector Banks (PSBs).
Kumar added that the recommendations made so far by BBB pertaining to Human Resource reforms will be taken forward.
Other members of BBB are Vedika Bhandarkar, former Managing Director, Credit Suisse India, P Pradeep Kumar, former Managing Director, State Bank of India and Pradip P Shah, founder, Managing Director, Crisil.
BBB was set by the Centre in 2016, replacing the Appointments Board for meant for recruitment of Whole-time Directors as well as non-Executive Chairman of PSBs.