Q. With reference to the ‘Banks Board Bureau (BBB) which of the following statements are correct?
1. The Governor of the Chairman of BBB.
2. BBB recommends for the selection of head 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:
Option b is the correct answer.
Banks Board Bureau is a self-governing autonomous body of the Central Government. It is an advisory authority comprising eminent professionals and officials to improve the management of public sector banks.
Statement 1 is incorrect: Banks Board Bureau comprises the Chairman, three ex-officio members i.e Secretary, Department of Public Enterprises, Secretary of the Department of Financial Services and Deputy Governor of the Reserve Bank of India, and five expert members, two of which are from the private sector. The Chairman is selected by the central government and RBI governor does not head it.
Statement 2 and 3 are correct: Banks Board Bureau recommends for the selection of head for Public Sector Banks and other key personnel if required. It also develops strategies for raising capital and improving performance of PSBs.
Source: https://banksboardbureau.org.in/
