● is a replacement body of Bank Board Bureau.
●Established as a single entity for making recommendations for appointments of Directors in public sector banks (PSBs), public sector insurers (PSIs) and financial institutions (FIs).
●Headed by former Banks Board Bureau Chairman Bhanu Pratap Sharma for two years.
●The new entity will also make recommendations for selection of General Managers and Directors in non-life PSIs.
●FSIB would be a professional body with autonomy in its affairs and shall have its own secretariat.
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