FSIB recommends Rahul Bhave for MD & CEO position at IFCI Limited

In a significant development, the Financial Services Institutions Bureau (FSIB) on Monday (04.11.2024) recommended Rahul Bhave for the position of MD & CEO of IFCI Limited. Presently, he is serving as Deputy Managing Director of IFCI Limited.

This recommendation comes after FSIB evaluated four candidates, taking into account their performance, overall experience, and established criteria.

Alongside Bhave, FSIB has also put forth Palash Srivastava, the CEO of IIFCL Projects Limited, for the role of Deputy Managing Director at IIFCL. The final appointment decisions will rest with the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi.