Hunt for SIDBI Deputy MD, BBB seeks applications

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The hunt is on for the post of Deputy Managing Director (DMD) of public sector financial institution SIDBI. The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications. The eligible candidates have to submit application for the post of DMD by September 15. The eligibility criterion include at least 18 years of experience in different verticals of banks or financial institutions, with at least 2 years of operational experience or preferably in credit appraisal or micro-credit or SME lending.

The maximum age limit is 55 years as on January 22,2021, for both internal as well as other candidates, as mentioned in a public notice in this regard.

The public notice further said All-India Service Officers or Central Services Group ‘A’ officers serving at the level of Director or equivalent to Govt.of India with a minimum of 15 years’ experience are also eligible to apply. The officer should at least have 2 years mandatory experience as Director/ Deputy Secretary to Government of India in the field of finance/SME lending/ industrial development/public enterprise management, it added.

The BBB, headed by former Secretary Department of Personnel and Training B P Sharma, has asked eligible candidates to submit application for the post of DMD by September 15.

Based on the interface with the shortlisted candidates, the BBB recommends the selected name to the government for appointment.

On the recommendation of the BBB, Appointments Committee of Cabinet headed by the Prime Minister takes a final decision.