Former finance secretary Rajiv Kumar appointed PESB chairman

Rajiv Kumar is credited for several reforms in the country's banking sector, from cleaning up bad loans to strengthening public sector banks (PSBs).

Former Finance Secretary Rajiv Kumar was on Wednesday appointed Chairman of Public Enterprises Selection Board (PESB) for a period of three years.

Kumar, 60 and a 1984 batch Jharkhand cadre IAS official, was in July 2019 designated as the Finance Secretary and retired in February this year. He will succeed the incumbent Kapil Dev Tripathi, a 1980 batch retired Assam-Meghalaya cadre IAS official.

The Appointments Committee of Cabinet (ACC) headed by Prime Minister Narendra Modi approved the appointment of Kumar as Chairman PESB for a period of three years from the date of assumption of charge of the post or until further