The Financial Services Institutions Bureau (FSIB) has recommended Manoj Mittal as the Chairman and Managing Director of Small Industries Development Bank of India (SIDBI) and Sanjay Shukla as the Managing Director of National Housing Bank (NHB). Mittal will replace S Ramann, who joined SIDBI in April 2021. FSIB interviewed 21 candidates and recommended Mittal for the position.
The Court also found that company had not paid sugarcane dues to the farmers, with ₹279 crores outstanding for the last crushing season. It slammed the Cane Commissioner for not taking any action.
Vinay M Tonse has been recommended for the position of Managing Director of State Bank of India (SBI) by FSIB, the headhunter for directors of state-owned banks and financial institutions. Tonse, who is currently serving as deputy managing director at SBI, was selected after interviews with 13 candidates.
The bank has set the reserve price at ₹143 crore, which is lower than the previous quarter s price of ₹160 crore. Additionally, debts of six other companies with total outstanding of ₹300 crore, including exposures to Asian Colour Coated Ispat Limited (ACCIL) and SDB Developers, are also up for sale.