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Which of the following are the functions of Banks Board Bureau (BBB)?
1. Improve the governance of Public Sector Banks.
2. Advise the government on top-level bank appointments.
3. Provide adequate capital to the Public Sector Banks to deal with bad loans.
Select the correct answer code:
  • a)
    1 and 3 only
  • b)
    1 and 2 only
  • c)
    2 and 3 only
  • d)
    All of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following are the functions of Banks Board Bureau (BBB)?...
Banks Board Bureau (BBB) was set up in February 2016 as an autonomous body based on the RBI-appointed PJ Nayak Committee's recommendations to improve governance of Public Sector Banks (PSBs).
It was the part of Indradhanush Plan of government.
It had replaced Appointments Board of Government.
Its broad agenda is to improve governance at state-owned lenders. Its mandate also involved advising the government on top-level bank appointments and assisting banks with capital-raising plans and strategies to deal with bad loans.
It guides banks on mergers and consolidations and governance issues to address bad loans problem among other issues.
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Which of the following are the functions of Banks Board Bureau (BBB)?...
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Which of the following are the functions of Banks Board Bureau (BBB)?1. Improve the governance of Public Sector Banks.2. Advise the government on top-level bank appointments.3. Provide adequate capital to the Public Sector Banks to deal with bad loans.Select the correct answer code:a) 1 and 3 onlyb) 1 and 2 onlyc) 2 and 3 onlyd) All of the aboveCorrect answer is option 'B'. Can you explain this answer?
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