NEW DELHI : S.V. Ranganath, a 1975 batch Indian Administrative Officer and former chief secretary of Karnataka, is likely to be appointed as chairman of IFCI Ltd, a senior finance ministry official said today.
The IFCI board will soon approve the appointment, the official said. Ranganath, who is currently a member of the IFCI board, will replace P.G. Murlidharan.
IFCI board earlier this month approved appointment of Malay Mukherjee as the chief executive office and managing director of IFCI, replacing S.B Nayar, who has moved on as the chairman and managing director of India Infrastructure Finance Co Ltd.
The government had acquired 55.6% stake in IFCI last year by converting debentures worth 9.23 billion rupees into equity. -Cogencis
'Humans Pass Away Not Sportsmanship': Amitabh Bachchan Acknowledges Special Gesture By Jaipur Pink Panthers Player Ali Samadi
SEBI Bars First Overseas Capital From Taking New Mandate For Two Years, Levies ₹20 Lakh Penalty For Multiple Violations
RBI Launches Global Hackathon, 'HaRBInger 2025 - Innovation For Transformation', To Build Secure Financial Solutions, Protecting Customer Identity
Andhra Pradesh Tragedy: At Least 10 Dead As Hyderabad–Bengaluru Volvo Bus Catches Fire After Collision In Kurnool; Chilling Video Surfaces
