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 for 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:

Option (b) is correct because the Banks Board Bureau (BBB) was established to recommend appointments for the heads of Public Sector Banks (PSBs) and assist them in developing strategies and capital raising plans. Statement 1 is incorrect because the Chairman of the BBB is not the RBI Governor, but an eminent professional or retired official appointed by the government. This question tests the core concept of banking sector reforms and institutional governance introduced under the Indradhanush framework.