FSIB recommends Rajkiran Rai G as NaBFID managing director

FSIB recommends rajkiran raj G asNAvfid

The Financial Services Institutions Bureau (FSIB) has recommended former Union Bank of India NSE Managing Director Rajkiran Rai G as the head of the newly set up Rs 20,000 crore NaBFID. The headhunter for state-owned banks and financial institutions selected the CEO of the National Bank for Infrastructure Finance and Development (NaBFID) after interviewing five shortlisted candidates on 13 July.

“Considering their performance in the interface, their overall experience, and existing parameters, the Board recommends Rajkiran Rai G for the post of MD at NaBFID,” FSIB said in a statement.

Rai completed his extended tenure as CEO of state-owned Union Bank of India in May this year. This is the first selection made by the FSIB after its incorporation on 1 July 2022. The former Bureau of the Banking Board (BBB) ​​has been rebranded as the FSIB with some changes in its mandate.

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