Amid PNB fraud probe, Banks Board Bureau had this to say on Finance Min

suggestions were made with an aim to strengthen governance

Amid banking system crisis post the Nirav Modi feeling the country and emergence of multi-crore PNB fraud, the Vinod Rai-led Banks Board Bureau came out expressing its disappointment with the Finance Ministry.

The Bureau said that it had made several suggestions to the government in its two years of existence.

The suggestions were made with an aim to strengthen governance at public sector banks but added that a constructive feedback was missing.

The Bureau went to the extent of claiming that it wrote to the Finance Ministry on July 26, 2017 seeking directions on the various suggestions it had made in the past but no response was received.

The original mandate of the Bureau, which came into being in April 2016, was to help the government pick top talent in Public Sector Banks.

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