With reference to the "Banks Board Bureau (BBB)", which of the following statements are correct? 1. The Governor of RBI is the Chairman of BBB. 2. BBB recommends for the selection of heads 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:

Options

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Correct Answer

2 and 3 only

Explanation

BBB is an autonomous body for improving governance of PSBs. It recommends the selection of top executives and helps in strategy and capital plans. The Chairman is appointed by the Government, not RBI Governor.

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