The Chairman 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
Answer: A
Explanation
Banks Board Bureau recommends for selection of heads – Public Sector Banks and Financial Institutions and helps banks in developing strategies and capital raising plans. Banks Board Bureau is an Autonomous Body of the Government of India. It is committed to improving the governance and boards of public sector financial institutions. The Secretariat of the Bureau currently comprises Secretary and four officers. Hence option (a) is the correct answer.