Govt invites applications for post of Sidbi's Chairman

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 Finance Ministry said.

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

Sidbi 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, RBI 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 management level may also be considered for the post.
    
Interested candidates have been asked to send their applications within 30 days.