With reference to the 'Banks Board Bureau (BBB)', which of the following statements are correct? 1. The Governor of RBI is the Chairman of BBB. 2. BBB recommends for the selection of heads of Public Sector Banks. 3. BBB helps the Public Sector Banks in developing strategies and capital raising plans. Select the correct answer using the code given below:

1. Incorrect. The Banks Board Bureau (BBB) was headed by a Chairman appointed by the Government, not by the RBI Governor.
2. Correct. BBB was set up to recommend selection of whole-time directors and non-executive chairpersons/managing directors of Public Sector Banks and financial institutions.
3. Correct. BBB also advised PSBs on business strategies, governance reforms, and capital raising plans.
Therefore, statements 2 and 3 only are correct.