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Question

Which of the following is not one of the functions of Banks Board Bureau?

I- providing assistance to Public Sector Banks to restructure their business strategies

II- Recommendations to the government on top-level appointments like full-time Directors, non-Executive Chairman in PSBs.

III- Strategies for maximising Profits of Banks on the Standard of their Western Counterparts.

A Only I Correct Answer Incorrect Answer
B Only II Correct Answer Incorrect Answer
C I & II Correct Answer Incorrect Answer
D II & III Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

The broad agenda of the Banks Board Bureau was the administration of state-owned lenders. Its functions involve: providing assistance to Public Sector Banks to restructure their business strategies Assisting banks with the strategies to deal with issues of bad loans or stressed assets Strategies for raising capitals through innovative financial instruments and methods Recommendations to the government on top-level appointments like full-time Directors, non-Executive Chairman in PSBs. It suggest plans for consolidation and merger with other banks while they are trapped in the problem of high collective gross NPAs. 

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