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FinMin Sets Up Selection Committee For Officers' Promotion

With a view to strengthening the feeder cadre pool for the Whole-Time Directors (WTDs) i.e. highest level below the Board level who are eligible for appointment as WTDs in the Financial Institutions.

Photo Credit : T Narayan/Bloomberg

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The Union Finance Ministry on Thursday said that it has set up a selection committee for the promotion of officers to the highest level below the Board level.

"With a view to strengthening the feeder cadre pool for the Whole-Time Directors (WTDs) i.e. highest level below the Board level who are eligible for appointment as WTDs in the Financial Institutions (Fls) like Exim Bank, SIDBI, NHB, IIFCL and IFCI Ltd., it has been decided that the composition of the selection committee for promotion to the highest level is below the Board level," the official notification said.

The official notification mentioned about, Sivasubramanian Ramann, Chairman and Managing Director (MD) Small Industries Development Bank of India (SIDBI), Harsha Bangari, Managing Director of Export-Import Bank of India (India Exim Bank),  Manoj Mittal, MD & CEO, IFCI Ltd, PR Jaishankar becomes Managing Director of IIFCL and Sarada Kumar Hota, Managing Director of National Housing Bank (NHB).




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finance ministry india