The Centre will be required to fill three key positions in the Industrial Development Bank of India (IDBI) in the next one month as deputy managing director T M Nagarajan and two executive directors have retired or are on the verge of retirement.
Executive director R J Bedekar, who had two more years to go has called it a day, today due to personal reasons. Bedekar who was in charge of the resource mobilisation department in IDBI availed of a voluntary retirement scheme (VRS). His charge will now be taken over by executive director R Jayraman Iyer.
Executive director R S Aggarwal's tenure will come to an end on October 2002. This will trigger off the next tranche of promotions in the chief general manager rank's to ED's post.
The CGMs who are next in line for promotion are J K Ray, E S Jayaraman, S Gajendran, K Sivaprakasam, O V Bundellu and Jitender Balakrishnan.
However sources said that this time around there may not be a rush to fill up the positions of EDs on the back of an impending merger of IDBI with a public sector bank as it becomes a universal bank. Also even in case of a promotion, selection could be on a merit basis rather than on a seniority basis.
J N Godbole, who is the senior-most executive director in the organisation, is tipped to takeover as the chairman of National Housing Bank.
Sources said that he had already appeared for the interview and has been already cleared. If Godbole takes over as the chairman of NHB, the next senior most ED, A K Doda will take over as the DMD. He has a long tenure which will get over by November 2006.
