In order to strengthen and streamline the functioning of public sector banks, the Banks Board Bureau (BBB) will hold interviews from next week to fill the vacancies for 34 Managing Director level posts in over a dozen nationalized banks. Reportedly, interviews will be held over three days beginning June 28. Set up by the Centre in February 2016 to improve the governance of the public sector banks in the country, the BBB recently completed the process of selection of 22 Executive Directors for various nationalized banks. This was the first major exercise of the BBB under the chairmanship of B P Sharma. There are already some vacancies at the Managing Director level, while some more would be created during the current fiscal year. Several banks, including Dena Bank, Andhra Bank, Punjab & Sind Bank have Managing Director level vacancies. As per a convention, a Managing Director's post in Punjab & Sind Bank has always been held by a person belonging to one particular community. The first non-executive chairman of the bank is also from the community. Significantly, majority of the banks where MD level vacancies will be filled, are under RBI's Prompt Corrective Action (PCA) framework. Out of the total 21 nationalized banks, 11 banks are under the PCA framework watch list because of their weak financial conditions and these banks are: United Bank of India, Allahabad Bank, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Dena Bank and Bank of Maharashtra.