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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. Provide adequate capital to the Public Sector Banks to deal with bad loans.
  3. Assist Public Sector banks with capital-raising plans as well as strategies to deal with bad loans.
Select the correct answer code:
  • a)
    1, 3 
  • b)
    1, 2 
  • c)
    2, 3
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted 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 recommendations of the RBI-appointed PJ Nayak Committee 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 as well as strategies to deal with bad
  • 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)? Improve the governance of Public Sector Banks. Provide adequate capital to the Public Sector Banks to deal with bad loans. Assist Public Sector banks with capital-raising plans as well as strategies to deal with bad loans.Select the correct answer code:a)1, 3b)1, 2c)2, 3d)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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