Centre appoints Rajkiran Rai as NaBFID managing director for nearly 5 years

FSIB had recommended Rai's name for the top job in July

The Centre and the board of National Bank for Financing Infrastructure and Development (NaBFID) has appointed Rajkiran Rai G as its managing director (MD) for nearly five years.

After the Financial Services Institutions Bureau (FSIB) recommended Rai’s name for the top job at the government-backed development finance institution (DFI), the Reserve Bank of India (RBI) and central government agencies gave their nod for the recommended candidate. The board of NaBFID approved Rai’s appointment on July 30 based on clearance by the RBI, centre and the DFI’s nomination and remuneration committee.

Rai took charge as the DFI’s MD on August 8, and will