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May 14, 2001
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Money > Business Headlines > Report May 14, 2001 |
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Panel to decide IFCI chief's name soonBS Economy Bureau The government has constituted a high-level committee headed by former Industrial Development Bank of India chairman G P Gupta to select a replacement for IFCI chairman P V Narasimham who is slated to retire in September this year. Sources said that the committee had held informal discussions and zeroed in on three candidates. A final decision will be taken over the next few days, they added. The new chairman will join IFCI before Narasimham retires. The panel has already recommended the appointment of R M Malla, chief general manager, IDBI's Delhi office as the second executive director in IFCI. While M V Muthu has just been appointed as the executive director of IFCI, the other post was lying vacant for sometime. Given Malla's track record in raising resources for IDBI, he is tipped off to take charge of resources at the cash-strapped financial institution. The present incumbent chief general manager S C Kumar is slated to superannuate on May 31. The selection committee, which is also handling the task of appointing a new whole-time director in IFCI, has considered IDBI executive directors A K Doda and R Jayaram Iyer for the post. Powered by YOU MAY ALSO WANT TO READ:
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