FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rahul Bhave for the position of Managing Director (MD) and CEO of IFCI Ltd.

• Bhave is currently the Deputy Managing Director of IFCI.
• The Financial Services Institutions Bureau (FSIB) interviewed four candidates for the position of MD & CEO of IFCI, FSIB said in a statement.
• Besides, FSIB has recommended Palash Srivastava for the position of Deputy Managing Director in IIFCL.

About FSIB

Financial Services Institutions Bureau has been constituted effective from July 01, 2022, by Central Government for the purpose of recommending persons for appointment as whole-time directors and non-executive chairpersons on the Boards of financial services institutions and for advising on certain other matters relating to personnel management in these institutions. The Secretariat of the Bureau currently comprises of Secretary and five officers.