David Rasquinha, who is currently Deputy Managing Director of Exim Bank of India, has been appointed as Managing Director of the bank. This appointment will be valid for a period of three years.
The Appointments Committee of the Cabinet has given its nod for the elevation of Rasquinha to the post of Managing Director, official sources said. A formal order in this regard is expected from the Department of Financial Services in the Finance Ministry in the next few days.
Important Takeaways from Above News-
- Established by the Government of India, EXIM Bank commenced operations in 1982 under the Export-Import Bank of India Act, 1981.
- The Head Office of EXIM Bank is in Mumbai.
Source- The Hindu Business Line