Question

Consider the following statements regarding the Financial Services Institution Bureau (FSI

Q: Answer-&lt;p&gt;Consider the following statements regarding the Financial Services Institution Bureau (FSIB...

Financial Services Institutions Bureau FSIB Cabinet Appointments Committee ACC has passed a government resolution to establish the Financial Services Institutions Bureau FSIB in place of the Banks Board Bureau BBB. The new framework was proposed by the Department of Financial Service, Ministry of Finance. The FSIB will have the clear mandate to issue guidelines and select general managers and directors of state-run non-life insurers, general insurers and Financial Institutions. FSIB will be the single entity for making recommendations for appointments of WTD Whole-time Director and NEC Non-executive Chairman in Public Sector Banks, India Private Limited company and Financial Institutions. Juridiction of FSIB will be larger than BBB.

B : I. It will accompany the Banks Board Bureau (BB
B . II. Its jurisdiction will be similar to the BBB. III. The FSIB will select the chiefs of public sector banks and private sector banks. Which of the following given above is/are not correct?