The Bank Board Bureau (BBB) was established in 2015 to improve governance in public sector banks. It is chaired by a part-time chairman and includes part-time members from the government and private sector. The BBB will select and advise on heads of public sector banks, develop strategies for capital raising and consolidation, and advise the government on banking sector appointments and policies. However, some argue the BBB does not go far enough to address underlying issues in the banking sector like bad loans and capital needs.