Why in news?
The Financial Services Institutions Bureau (FSIB), which will replace the Banks Board Bureau (BBB), will be more than a headhunter to fill in critical posts at state-run banks, insurers, and other financial institutions (FIs).
What is Financial Services Institutions Bureau (FSIB)?
Why has it replaced Banks Board Bureau (BBB)?
What is FSIB’s mandate?
How were senior bank officials appointed before BBB?
How critical is the role of FSIB?
Who heads the new entity, and who are its members?
What is the way forward?
Reference