---
title: "Banks Board Bureau (BBB): Role and History | Model Diplomat"
description: "The Banks Board Bureau (BBB) recommended top appointments at India's public sector banks from 2016 until 2022, when courts forced its replacement by FSIB."
url: "https://modeldiplomat.com/learn/glossary/banks-board-bureau"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The Banks Board Bureau was an autonomous Indian government body established in 2016 to recommend appointments of top management at public sector banks and financial institutions.
- Why was the Banks Board Bureau replaced by the FSIB?
- What was the difference between the BBB and the Appointments Committee of the Cabinet?
- Which committee recommended the creation of the BBB?
- Did the BBB ever address bank capital and non-performing assets?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

The Banks Board Bureau was an autonomous Indian government body established in 2016 to recommend appointments of top management at public sector banks and financial institutions.

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## Timeline

1. 1 April 2016

   Acting on this, the Government of India announced the creation of the Bureau in the August 2015 "Indradhanush" plan for PSB reform, and the BBB was operation…

2. 30 June 2022

   In response, the Government of India dissolved the BBB and, on , notified the creation of the Financial Services Institutions Bureau (FSIB) by amending the r…

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In 2018, the Banks Board Bureau, chaired by Bhanu Pratap Sharma, recommended panels of candidates for the managing director and CEO posts at several public sector banks to the Appointments Committee of the Cabinet.

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