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• Karnataka Bank Ltd has received permission from the Reserve Bank of India to appoint Pradeep Kumar Panja, an Independent Director of the bank, as part-time non-executive Chairman for a three-year term beginning November 14.
• Pradeep Kumar Panja retired as Managing Director (Corporate Banking) of State Bank of India (SBI).
• He is currently a member of the Banks Board Bureau (BBB) and a director on the boards of seven firms (three of which are publicly traded, including Karnataka Bank) involved in asset reconstruction, cement, real estate, NBFCs, and AFIs, among other things.

Important Facts 

About BBB

• BBB: Banks Board Bureau
• Banks Board Bureau (BBB) is an autonomous advisory body created by the government to enhance the governance of the Public Sector Banks and state-owned financial institutions.
• Chairperson: Bhanu Pratap Sharma
• Founded: April 1, 2016