Answer: Financial Services Institution Bureau (FSIB)
Notes: The government has decided to set up the Financial Services Institution Bureau (FSIB) to replace the Banks Board Bureau (BBB). The BBB was entrusted with the task of selecting candidates for appointments to the senior management-level posts. Delhi High Court last year ruled that BBB couldn’t select the General Managers and directors of state-run general insurers. Former BBB chairman Sharma is set to head the new body.
