Align pay in PSBs to that in CPSEs: BBB

Align pay in PSBs to that in CPSEs: BBB

The Bank Board Bureau (BBB) has recommended that Government should bring in reforms in the compensation (नुकसान भरपाई) process in public sector banks (PSBs) on the lines of Central Public

Sector Enterprises (CPSEs). BBB has suggested compensation(नुकसान भरपाई) reforms in PSBs so that best practices can be introduced ‘on the lines already prevalent(प्रचलित) in CPSEs. It will play important role in attracting high-quality talent for non-executive directors and chairmen.  It will also maintain a level-playing field with the private sector with respect to role, responsibility and remuneration. About Bank Board Bureau (BBB) BBB is the super authority (autonomous(स्वायत्त) body) of eminent(प्रतिष्ठित) professionals and officials for public sector banks (PSBs). It had replaced the Appointments Board of Government.