<h1>Banks Board Bureau Formed to Improve Governance in Public Sector Banks, Starts April 2016 with Experienced Leadership.</h1> The government has established the Banks Board Bureau (BBB) to enhance the governance of Public Sector Banks (PSBs). The BBB will recommend candidates for leadership roles in PSBs and financial institutions, and assist banks in strategy and capital raising. The board comprises a chairman, three ex-officio members, and three expert members, all serving part-time. The BBB is set to begin operations on April 1, 2016, with its leadership including a former Comptroller and Auditor General of India as chairman, and representatives from the Department of Financial Services, Department of Public Enterprises, and the Reserve Bank of India.