UPSC Previous Year Question | Prelims GS | 2019

The Chairmen of public sector banks are selected by the

  1. Banks Board Bureau
  2. Reserve Bank of India
  3. Union Ministry of Finance
  4. Management of concerned bank

Answer

Correct Answer

Banks Board Bureau

Explanation

At the time of the exam, the Banks Board Bureau (BBB) recommended/selected the heads (chairmen and MDs) of public sector banks and financial institutions. (The BBB was later replaced by the Financial Services Institutions Bureau in 2022.)

Topics: banking, banks board bureau, indian economy, public sector bank governance