Page 5 - Financial Institutions
Appointments Board interviews candidates to head 4 financial institutions
The newly set up Appointments Board for selection of chiefs at four key financial institutions held the first round of interview on Thursday, to recommend a pick among 32 shortlisted candidates. The board was set up after the refusal of the Banks Board Bureau (BBB) to recommend on heads for two of the four institutions.The candidates shortlisted after eligibility and vigilance clearance include people from public sector banks (PSBs) and even the Reserve Bank of India, officials said. Four of them will be finalised after the second round of interviews on Friday to head the Export Import Bank (EXIM Bank), India Infrastructure Finance Company (IIFCL), Small Industries Development Bank of India (Sidbi) and IFCI.The board will recommend heads for all four financial institutions from a common pool. Ultimately, the selection will be made by the Appointments Committee of the Cabinet (ACC). It was formed after the BBB said that it was not its mandate to appoint non-banking financial ...
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FI a/c holders must self-certify by Apr 30 or bank accounts will be blocked
If norms under FATCA are violated, accounts will be blocked till self-certification is received
Greater role seen for non-banking lenders in first equity offerings
Likely to be classified as institutional buyers; announcement expected on April 26
 "Greater role seen for non-banking lenders in first equity offerings")
First loser
Finance's new plumbing better safe than efficient