Mohammad Mustafa Appointed CMD of SIDBI

Senior bureaucrat Mohammad Mustafa was appointed as Chairman and Manging Director (CMD) in Small Industries Development Bank of India (SIDBI).

Mustafa, a 1995 batch IAS officer of Uttar Pradesh cadre, is at present Joint Secretary in Department of Financial Services. The Appointments Committee of the cabinet has approved his appointment to the post for three years, an order issued by the Department of Personnel and Training (DoPT).
Important Takeaways from Above News-
  • SIDBI was set up on April 2, 1990 under an Act of Indian Parliament.
  • The Head Office of SIDBI is in Lucknow.
Source- Business Standard

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