FSIB, the Financial Services Institutions Bureau, recently conducted interviews for key positions in state-owned banks and financial institutions. Recommendations have been made for the positions of Chairman and Managing Director at SIDBI and Managing Director at NHB.
Recommended Appointments
- Manoj Mittal has been recommended for the position of Chairman and Managing Director at SIDBI.
- Sanjay Shukla has been recommended for the position of Managing Director at NHB.
FSIB Interview Process
- FSIB interviewed 21 candidates on April 9 and April 10.
- The selection was based on performance, experience, and existing parameters.
Manoj Mittal’s Background
- Manoj Mittal currently serves as the Managing Director at IFCI.
- Previously, he held the position of Deputy Managing Director at SIDBI from 2016 to 2021.
- He played a key role in the development and implementation of SIDBI Vision 2.0.
SIDBI and its Role
- SIDBI, established in April 1990, is the principal financial institution for the MSME sector’s promotion, financing, and development.
- It coordinates functions related to MSME activities across various institutions.
Sanjay Shukla’s Background
- Sanjay Shukla is currently employed at Centrum Housing Finance.
- He has previous experience in organizations such as LIC Housing Finance.
National Housing Bank (NHB)
- NHB, established in 1988, promotes a healthy housing finance system accessible to all segments of the population.
- It oversees the housing finance sector’s operations.
Decision Making
- The final decision on the recommended appointments rests with the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi.
FSIB Leadership
- FSIB is headed by Bhanu Pratap Sharma, former Secretary of the Department of Personnel and Training.
- Other members include Animesh Chauhan, Deepak Singhal, and Shailendra Bhandari, who bring diverse experience from the banking sector.
Multiple Choice Questions (MCQs):
- Who has been recommended for the position of Chairman and Managing Director at SIDBI?
- A) Sanjay Shukla
- B) Manoj Mittal
- C) S Ramann
- D) Narendra Modi
- Answer: B) Manoj Mittal
- What is the primary function of SIDBI?
- A) Regulating housing finance institutions
- B) Promoting a healthy housing finance system
- C) Financing and developing the MSME sector
- D) Coordinating functions of public sector banks
- Answer: C) Financing and developing the MSME sector
- Who heads the Appointments Committee of the Cabinet?
- A) Manoj Mittal
- B) Sanjay Shukla
- C) Bhanu Pratap Sharma
- D) Narendra Modi
- Answer: D) Narendra Modi
- Which institution supervises the housing finance sector?
- A) SIDBI
- B) IFCI
- C) NHB
- D) RBI
- Answer: C) NHB