The Chairmen of public sector banks are selected by the

• The Banks Board Bureau (BBB) is an autonomous body of the Government of India.
• One of the key functions of the BBB is to recommend selection and appointment of Chairman and Managing Directors of public sector banks.
• The BBB recommends names to the Appointments Committee of the Cabinet (ACC) which takes the final decision.

Banks Board Bureau (BBB):

As mentioned earlier, the BBB recommends names of candidates to the ACC for appointment of PSB Chairmen. This has been its mandate since its establishment in 2016 for PSB reforms.

Reserve Bank of India (RBI):

• RBI is the central bank and banking regulator. It does not directly appoint the chairpersons of public sector banks.

Union Finance Ministry:

• While the Finance Ministry oversees functioning of PSBs, appointments are based on BBB recommendations as part of autonomous process.

Management of the concerned bank:

• The bank management does not select its own chairman. Appointments follow due selection process via BBB.