Competition refresher Published this article page no 16 will be single entity for making recommendations for the appointments of acc has asked the department of financial services to carry out necessary modifications in the nationalized banks (management and miscellaneous provisions) scheme of 19701980 with the approval of the finance minister and then notify the government resolution for establishing fsib. subsequently at least halfadozen newlyappointed directors of nonlife insurers had to vacate their positions the bbb was formed in 2016 as an autonomous recommendatory body with the centre notifying amendment to the nationalised banks (management and miscellaneous provisions) scheme 1980 that provided a legal framework for the composition and functions of the bbb. wholetime directors nonexecutive chairmen in public sector banks (psbs) staterun nonlife insurance companies and other financial institutions however defence and foreign affairs would be decided by china covers upsc & all competitive exams - subscribe.
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