Arundhati Bhattacharya likely to lead Banks Board Bureau

Arundhati BhattacharyaThe Centre is planning to initiate the selection process of the next chairman for the Banks Board Bureau (BBB), said a senior official.

The official further said that, State Bank of India’s former chairman, Arundhati Bhattacharya is considered to be the leading contenders for the post, however, the Centre is also considering other names from the private sector.

“The Appointments Committee of the Cabinet, headed by the PM, will soon take a call,” he said.

An announcement in this regard is expected in the next few weeks.The Centre wants the BBB to make holistic recommendations and is not in favour of expanding its role.

Recently, the Banks Board Bureau (BBB) Chairman of BBB Vinod Rai blamed the Centre for not accepting the recommendations pertaining to public sector banking reforms.

The lapses were mentioned in a 60-page report titled ‘Compendium of Recommendation’.

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