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Economy
Banking Governance
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UPSC Prelims 2019 Paper-1 📅 02 Jun, 2019

The Chairmen of public sector banks are selected by the

A
Banks Board Bureau
B
Reserve Bank of India
C
Union Ministry of Finance
D
Management of concerned bank
Result Summary
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UPSC Prelims
2019 • 02 Jun, 2019 • Paper-1
The Chairmen of public sector banks are selected by the
Correct Answer
Banks Board Bureau
Institutional Creation: The Banks Board Bureau (BBB) was established in 2016 by the Government of India as an autonomous, expert advisory body aimed at improvin......
Ref/Book : UPSC Prelims 2019
Ref. Subject Economy
Chapter -
Ref. Topic Banking Governance
Pg. No -
💡 Analysis & Explanation
Institutional Creation ▼
The Banks Board Bureau (BBB) was established in 2016 by the Government of India as an autonomous, expert advisory body aimed at improving the governance, health, and leadership pipeline of Public Sector Banks (PSBs).
Core Selection Mandate ▼
To depoliticize top appointments, its primary mandate is to search for, evaluate, and recommend eminent professionals for top-tier management posts. Specifically, it executes the selection process for whole-time directors and non-executive Chairmen of Public Sector Banks and state-owned financial institutions.
Conclusion ▼
The BBB is the dedicated constitutional/statutory body for these selections, identifying option A as correct.
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