Banks Board Bureau BBB

FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rahul Bhave for the position of Managing Director (MD) and CEO of IFCI Ltd. Bhave is currently the Deputy Managing Director of IFCI. The Financial Services Institutions Bureau (FSIB) interviewed four candidates for the position of MD & CEO of IFCI, FSIB said in a statement. "Keeping in view their performance in the interface, overall experience and the extant parameters, the Bureau recommends Rahul Bhave for the position of MD and CEO in IFCI Ltd," it said. Besides, FSIB has recommended Palash Srivastava for the position of Deputy Managing Director in IIFCL. Srivastava is currently the Chief Executive Officer of IIFCL Projects Limited, a subsidiary of IIFCL. The final decision on both FSIB's recommendations would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. FSIB is headed by former secretary, Department of Personnel and Traini

Guidelines for selection of general managers and directors of public sector general insurance companies have been made part of FSIB

The finance ministry, over the next couple of months, is planning to identify new members, restructure the bureau, and recommend new names to the appointments committee of the cabinet

Centre looks to continue maintaining arms length in financial sector hiring

The salaries payable to the DMD will be market driven, and will be entitled for annual increments based on the performance and the guidelines of the institution

The Banks Board Bureau (BBB) on Wednesday recommended the name of Alok Kumar Choudhary for the post of managing director of State Bank of India. The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar Saha for MD position of Union Bank of India, Indian Overseas Bank and Punjab & Sind Bank, respectively. The Bureau interviewed 21 candidates and based on their performance selected Alok Kumar Choudhary for the position of managing director of SBI, BBB said in a statement. Choudhary, who is deputy managing director (Finance), will replace Ashwini Bhatia who has been appointed a whole time member of Sebi. Prior to this, he was chief general manager of Delhi region for three years. The final decision on the appointment will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. BBB is headed by former Department of Personnel and Training Secretary B P ...

The DFI is preparing to commence its operation in the first quarter of the next fiscal year.

The Banks Board Bureau has also sought applications for the position of managing director of the government-owned development finance institute

The post of MD and CEO would fall vacant at Mumbai-based Union Bank of India upon retirement of Rajkiran Rai G in May 2022

All is not well in the government insurance sector with regard to elevation of officials, it seems.

BBB in a statement said it has recommended the name of Ajay Kumar Srivastsva on the reserve list for the vacancy

The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Saturday recommended S Ramann and Shivendra Tomar for the posts of CMD and MD of SIDBI and IFCI, respectively. The members of the Banks Board Bureau interviewed 20 candidates on December 4 and 5, 2020 for the vacancy of chairman and managing director (CMD) of Small Industries Development Bank of India (SIDBI), the BBB said in a statement. "Keeping in view their performance in the interview and their overall experience, the bureau recommends S Ramann for the position of chairman and managing director in SIDBI," it said. Ramann, 1991-batch Indian Audit & Accounts Service officer, is currently CEO of National E-Governance Services Limited (NeSL), India's first Information Utility. Besides, the Bureau recommended Shivendra Tomar for the post of MD and CEO of IFCI. Tomar, currently, is managing director of IFCI Venture Capital Funds Ltd, a subsidiary of IFCI. As many as five candidates ..

Govt will take final call on appointment of SBI chairman. If selected, Khara would succeed Rajnish Kumar, whose term ends in October

C S Setty, another MD at the state-owned lender, has been recommended as the reserve candidate

The bureau has also suggested the names of L V Prabhakar and Atanu Kumar Das for Canara Bank Bank of India chiefs, respectively

MD&CEOs selection process underway

The Banks Board Bureau started out with an ambitious mandate to reform PSB governance but found itself reduced to an appointments board. Here is how

Let Vinod Rai focus on BCCI - enough there to keep him fully occupied