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 IVCA Conclave 2024 panel discussed the growth opportunity of 200Mn+ Entrepreneurial Households in India, the demand for credit from the MSME sector, and the economic success of women entrepreneurs.
Kolkata, Feb 22 (PTI) Outstanding of SIDBI to the micro-finance institutions (MFIs) will touch Rs 10,000 crore by the end of the current financial year ending March 2024, an official said on Thursday.
A combination of one or more than one financial institutions could be considered to provide long-term, concessional credit of Rs 1 lakh crore, staggered over multiple years, for financing or refinancing private sector projects to develop cutting-edge, innovative technologies, the officials said.