The Chairman of public sector banks are selected by the

(a) Banks Board Bureau — The Banks Board Bureau was set up to recommend appointments of whole-time directors and non-executive chairpersons/chairmen of public sector banks. Verdict: Correct.

(b) Reserve Bank of India — RBI is the banking regulator, but it does not select the chairman of public sector banks. Verdict: Incorrect.

(c) Union Ministry of Finance — The Finance Ministry is the administrative ministry and makes appointments based on the selection process, but the selection/recommendation was done by the Banks Board Bureau. Verdict: Incorrect.

(d) Management of concerned bank — A PSB’s own management does not select its chairman. Verdict: Incorrect.