FSIB recommends former Union Bank of India MD for post of NaBFID MD

The Centre, earlier this month, transformed the Banks Board Bureau into FSIB and expanded the headhunter's role to suggest appointments for PSU banks, insurance companies and financial institutions

The Financial Services Institutions Bureau (FSIB) has recommended former Union Bank of India managing director Rajkiran Rai as the head of government-owned development finance institution (DFI).

As part of its first appointment after getting restructured, the FSIB interviewed five candidates for the position of managing director of National Bank for Financing Infrastructure and Development (NaBFID). The Centre, earlier this month, transformed the Banks Board Bureau (BBB) into FSIB and expanded the headhunter’s role to suggest appointments for public sector banks, insurance companies and financial institutions.

After initially failing to attract adequate response for candidates for the post of MD