The Government of India on Thursday named former bureaucrat Bhanu Pratap Sharma as the new chairman of the Banks Board Bureau that typically recommends senior executive appointments in the country's state-run banks.Vedika Bhandarkar, a former head of India investment banking at Credit Suisse, P Pradeep Kumar, a former managing director at top lender State Bank of India, and Pradip Shah who founded local ratings agency CRISIL, were named as the new members of the Banks of Board Bureau.Rajeev Kumar, Secretary, Department of Financial Services, announced the names of the new chairman and members of the bureau on Twitter.The government intended to take forward recommendations, including human resource reforms, made by the former officials of Banks Board Bureau, Kumar said.Banks Board Bureau, a body tasked to improve the governance of public Sector banks was headed by former Comptroller and Auditor General Vinod Rai.(With Reuters Inputs)
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