The Banks Board Bureau (BBB) has invited applications for post of Managing Director cum Chief Executive Officer of IFCI.
A public sector non-banking finance company, IFCI manages six subsidiaries and one associate.
The BBB headed by former Secretary DoPT B P Sharma, has asked for the applications to be submitted by July 15.
As per a public notice, a candidate should not be more than 57 years of age, and have more than 25 years’ experience in Scheduled Commercial Banks (SCBs) or Financial Institution (FIs).
The candidates should have at least 3 years operational experience or exposure to project financing, domestic fund raising and at least 2 years of experience at level of whole-time Director or director in the board of bank or financial institution or as GM in nationalised banks or Executive Director (ED) in IDBI Bank or as CGM in IFCI Ltd, SIDBI, EXIM Bank or IIFCL, it said.
Central government officers serving as joint secretary or above, can also apply on ‘Deputation basis’ it said.
“The MD and CEO, to be appointed for 3 years (extendable by further 2 years) is expected to define and shape the vision, mission and values of IFCI Ltd,” it said.
Currently, Emandi Sankara Rao, is the MD and CEO of IFCI, appointed in August 2017 for the period of three years.
