GyanGramQuestion
The Chairman of public sector banks are selected by the
PRELIMS 2019 · INDIAN ECONOMY
The Chairman of public sector banks are selected by the
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• Correct Answer: A
• The Banks Board Bureau (BBB), established in 2016 based on the P.J. Nayak Committee recommendations, selects PSB Chairmen and MDs.
• It was replaced by the Financial Services Institutions Bureau (FSIB) in 2022, carrying the same mandate.
• RBI and individual bank managements do not select PSB Chairmen.
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