Q. The Reserve Bank of India was set up P J Nayak Committee to review Governance of Boards of Banks in India and to establish which of the following?

[A] Banks Board Bureau

[B] Indian Banks Association

[C] Bad Banks

[D] Differentiated Banks

Answer: A
Notes:

Explanation:

  • The Banks Board Bureau owes its genesis to the recommendations in the Report of The Committee set up by the Reserve Bank of India to Review Governance of Boards of Banks in India (Chair: Dr P J Nayak; May 2014), which envisaged the Bureau as a precursor to a Company which would eventually hold the Government’s investments in PSBs.

Source: Sriram’s Economy