The government has constituted a high-level committee headed by former Industrial Development Bank of India (IDBI) chairman G P Gupta to select a replacement for IFCI chairman P V Narasimham who is slated to retire in September this year.
Sources said that the committee had held informal discussions and zeroed in on three candidates. A final decision will be taken over the next few days, they added. The new chairman will join IFCI before Narasimham retires.
The panel has already recommended the appointment of R M Malla, chief general manager, IDBI
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