The government has shortlisted four candidates for the post of National Housing Bank’s (NHB’s) chairman and managing director.
The selection committee, comprising Finance Secretary Ashok Chawla and Reserve Bank of India Deputy Governor Usha Thorat, would interview Hudco Chairman and Managing Director KL Dhingra, NHB Executive Director RV Verma, IDBI Bank Executive Director (Personal Banking) Sushil Muhnoth and Sidbi Executive Director NK Maini, said sources. The panel would also interview two candidates for the post of IDBI Bank’s deputy managing director. While the government has rejected the bank’s proposal to select a deputy managing director from its four candidates, it has decided to call B Ravindranath and BP Singh, the seniormost executive directors, for the interview.
The deputy managing directors post in IDBI Bank is equivalent to that of executive director in other public sector banks. J Balakrishnan, one of the two deputy managing directors at the bank, retired earlier this year and has been hired as an advisor. O V Bundellu, the other deputy managing director, is due to retire next year.
NHB, the regulator for housing finance companies, is doing without a full-time chairman ever since S Sridhar was appointed as the chairman and managing director of Central Bank of India. Sridhar is handling NHB portfolio as an additional charge.
The selection of the new NHB chairman follows a process of shortlisting of candidates based on applications received.
