Public Sector Bank Governance

The Banks Board Bureau (BBB), established in 2016, is responsible for selecting the Chairmen and other executives of public sector banks in India. It acts as a professional search-and-selection committee that identifies suitable candidates through a transparent and merit-based process. While the RBI supervises banks and the Ministry of Finance oversees policies, the actual selection function is vested with the BBB. The concerned bank's management does not have the authority to select its own chairman. > BBB serves as professional selection body for PSB leadership, ensuring merit-based transparency. Answer: a.