Vinod Rai named chairman of Banks Board Bureau
PM Narendra Modi today approved the constitution of the Bank Board Bureau and appointed former CAG Vinod Rai as its chairman. The body will advise the government on top-level appointments at Public Sector Banks (PSB) and help address other issues. The move comes amid the PSBs facing a problem of bad loans, with their collective gross NPAs ₹4 lakh crore.