UPSC Prelims 2019·GS1·polity-and-governance·governance

The Chairmen of public sector banks are selected by the

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Last updated 23 May 2026, 3:31 pm IST
  1. ABanks Board BureauCorrect
  2. BReserve Bank of India
  3. CUnion Ministry of Finance
  4. DManagement of concerned bank

Explanation

The Banks Board Bureau (BBB) was established by the Government of India in 2016 as an autonomous body. Its primary mandate is to improve the governance of Public Sector Banks (PSBs) and other Public Sector Financial Institutions. One of the key functions of the Banks Board Bureau is to recommend persons for appointment as whole-time directors (including Managing Directors and Chief Executive Officers) and non-executive Chairmen of Public Sector Banks. It also advises on strategies for their growth and development. Prior to BBB, these appointments were handled by a committee of the Finance Ministry.
polity-and-governance: The Chairmen of public sector banks are selected by the

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