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Govt invites applications for post of Sidbi's Chairman

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The government has invited applications for the post of Chairman and Managing Director (CMD) of Small Industries Development Bank of India (Sidbi), after its head R M Malla was appointed as Chief IDBI Bank.

"The appointment will be on contractual basis initially for a period not exceeding five years," an advertisement of the said.

The post got vacant after Malla moved to as Chairman and Managing Director last month.

promotes, finances and develops small scale industries.

According to the advertisement, the applicant should have adequate experience in financial institutions or banks, holding a senior position for at least one year.
    
He should not hold rank below Chief General Manager of an All India Financial Institution, or General Manager of a public sector bank.
    
"Preferences will be given to the candidates holding board level positions in financial institutions or banks," it added.
    
It further said the candidates having similar experience and responsibility in private sector banks at the top level may also be considered for the post.
    
Interested candidates have been asked to send their applications within 30 days.

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