The Chairmen of public sector banks are selected by the
[UPSC Civil Services Exam – 2019 Prelims]
(a) Banks Board Bureau
(b) Reserve Bank of India
(c) Union Ministry of Finance
(d) Management of concerned bank
- Bank Board Bureau is responsible for the selection and appointment of the Board of Directors in Public Sector Banks and Financial Institutions.
- The Banks Board Bureau (BBB) has its genesis in the recommendations of ‘The Committee to Review Governance of Boards of Banks in India, May 2014 (Chairman – P. J. Nayak)’.
- It is an autonomous recommendatory body.