With reference to the ‘Banks Board Bureau (BBB)’, which of the following statements are correct?
1. The Governor of RBI is the Chairman of BBB.
2. BBB recommends for the selection of heads for Public Sector Banks.
3. BBB helps the Public Sector Banks in developing strategies and capital raising plans.
Select the correct answer using the code given below:
Correct Answer B. 2 and 3 only
Explanation
Correct answer: (b) 2 and 3 only
Statement 1 is incorrect: The Banks Board Bureau’s Chairman is appointed by the Central Government — the RBI Governor does not head it.
Statements 2 and 3 are correct: BBB recommends candidates for top posts at Public Sector Banks and helps PSBs with strategy and capital-raising plans.