Competencies in areas of Risk Mgt., IT & HRM missing from most PSB Boards: BBB

Competencies in the areas of Risk Management, Information Technology and Human Resource Management are missing on the Boards of most Public Sector Banks (PSBs), the Banks Board Bureau (BBB) has observed. To address this, the Boards of PSBs through its Nomination Committee should be allowed to recommend persons having requisite qualifications, attributes and independence within the extant instructions on “fit and proper’’ criteria, it has recommended.