Business OpportunitiesFour in fray for NHB chief's job
The government has shortlisted four candidates for the post of National Housing Bank (NHB) Chairman and Managing Director.
- IDBI Bank yet to begin Rs 13,000 cr syndication for RPower - IDBI Bank revives plan to sell mortgage subsidiary - IDBI Bank-led consortium raises $1.1 bn for Air India - LIC Hsg Fin waiting for NHB clarity to launch reverse mortgage product - IDBI Bank announces repayment of 11.5% SLR bonds - RBI wants to regulate housing finance firms
The selection committee comprising Finance Secretary Ashok Chawla and Reserve Bank of India Deputy Governor Usha Thorat would interview Hudco Chairman and Managing Director K L Dhingra, NHB Executive Director R V Verma, IDBI Bank Executive Director (Personal Banking) Sushil Muhnoth and Sidbi Executive Director N K Maini, said sources familiar with the development.
The panel would also interview two candidates for the post of IDBI Bank Deputy Managing Director. While the government has rejected the bank’s proposal to select a deputy managing director from a list of four candidates, it has decided to call B Ravindranath and B P Singh, the two senior most executive directors.
The post of DMD in IDBI Bank is equivalent to those of executive director in other public sector banks. J Balakrishnan, one of the two DMDs at the bank, retired earlier this year and has been hired as an advisor. O V Bundellu, the other DMD at IDBI Bank, is due to superannuate next year.
NHB, the regulator for housing finance companies, is doing without a full-time chairman ever since S Sridhar was appointed as the Chairman and Managing Director of Central Bank of India. Sridhar is handling the NHB portfolio as an additional charge.
The selection of the new NHB Chairman follows a process of shortlisting of candidates based on applications received.