QUESTION

Easy

Economy

Prelims 2019

The Chairman of public sector banks are selected by the

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Explanation

The Chairman of public sector banks in India are selected by the Banks Board Bureau (BBB).

The Banks Board Bureau is an autonomous body responsible for selecting and appointing the Boards of Directors in Public Sector Banks (PSBs) and Financial Institutions. It was established based on the recommendations of the Nayak Committee Report (2014).

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