The Banks Board Bureau (BBB) has introduced a development programme for the management of public sector banks with a view to working on the nature of bank boards. The nine-month Directors’ Development Program (DDP) is intended for the heads of the PSBs and financial institutions with the key objective of enhancing director effectiveness to build their effect on the boards, the BBB said in a statement.
It is expected that the program will assist the directors with thinking about the street ahead in the business and lift themselves to be a source of wisdom and guidance for the management and stakeholders to raise the performance levels of Public Sector Banks in the worldwide landscape, it said.
The program designed in collaboration with IBA and others will help enable and rich the board critical for the decision making.
Financial Services Secretary Sanjay Malhotra, who is also a member of BBB said there is no end to learning while going through this training.
The BBB, the talent scout for state-owned banks and financial institutions establishments, was formed in 2016. It was likewise entrusted with the task of engaging with the governing body of all PSBs to formulate appropriate strategies for their growth and development.