- The government has constituted a seven-member panel to be headed by Banks Board Bureau (BBB) chairman B P Sharma to select Managing Directors of public sector insurance companies.
- The other members of the panel includes:
- Financial Services Secretary
- Department of Public Enterprises Secretary
- Chairman of Insurance Regulatory and Development Authority of India
- Three insurance sector experts namely G N Bajpai, Mathew Varghese and T Bhargava.
