The selection of Chairmen (and other whole-time directors) of Public Sector Banks is done by the Banks Board Bureau (or its successor, FSIB).
The Chairmen of public sector banks are selected by the
Asked in UPSC IAS 2019 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
More Economic Development questions
- With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements: There is no minimum capital requirement for wholly owned banking subsidiaries in India. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. Which of the statements given above is/are correct ?
- Why were Banks nationalised in India ? 1. To borrow money from USA 2. To follow the IMF guidelines 3. To provide the Government of India more control of credit delivery Select the correct answer using the code given below:
- How many private commercial banks were nationalised in 1969 ?
- Demonitisation of Rs. 500 and Rs. 1000 currency notes was announced on
- Nationalisation of 14 Commercial Banks took place in
- The largest Commercial Bank of India is
- Which of the following is the most important component of the liabilites of commercial banks in India?
- Which of the following is the most important component of the liabilities of Commercial Banks in India ?