Panel To Decide Ifci Chief & #8217;S Name Soon

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