Finance Ministry seeks applications for MD post at IIFCL

The finance ministry has for the second time in less than a year invited applications of eligible candidates for the post of Managing Director at India Infrastructure Finance Company (IIFCL).

The government appointed panel had last year interviewed candidates for the post but did not find any one suitable to lead the organisation.

The vacancy for the head of IIFCL had arise in June 2017.

According to a public notice, the eligible candidates are required to send their applications by latest by March 20. The application of eligible candidates will be screened by the ministry and shortlisted candidates will be interviewed by the government appointed panel.

The candidate should have at least 25 years of experience as on the date of vacancy in different verticals in commercial banks or financial institution. Of this, 2 years of experience should be either at the board level or GM in nationalised banks or CGM in IFCI, SIDBI, IIFCL, Exim Bank, SBI or RBI, it said.

Even officers serving as Joint Secretary or above in government of India or at an equivalent in the state government with 2 years experience in the field of commercial or industrial finance are eligible, it said.

The appointment will be initially for 3 years and may be extended by up to 2 years based on performance.