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 :

1. Statement 1: The Chairman of the Banks Board Bureau (BBB) was appointed by the Government of India. The Governor of RBI was not the Chairman. The first Chairman was Vinod Rai. Therefore, statement 1 is incorrect. 2. Statement 2: One of the primary functions of the BBB was to recommend candidates for the selection of whole-time directors and non-executive chairpersons for Public Sector Banks (PSBs) and other government-owned financial institutions. Therefore, statement 2 is correct. 3. Statement 3: The BBB was also mandated to help Public Sector Banks in developing strategies for growth, performance improvement, and capital raising plans. Therefore, statement 3 is correct. 4. Since statements 2 and 3 are correct, the correct option is (B). Note: The BBB has now been replaced by the Financial Services Institutions Bureau (FSIB) since 2022.