Rahul Bhave Appointed as MD & CEO of IFCI
The government has approved the appointment of Rahul Bhave as the Managing Director (MD) and Chief Executive Officer (CEO) of the Industrial Finance Corporation of India (IFCI). Bhave, who previously served as Deputy Managing Director, has been appointed for a term of three years from the date he assumes office. The decision was approved by the Appointments Committee of the Cabinet (ACC), chaired by the Prime Minister.
| Summary/Static | Details |
| Why in the news? | Rahul Bhave Appointed as MD & CEO of IFCI |
| Appointed By | Appointments Committee of the Cabinet (ACC) |
| Appointed As | MD & CEO of IFCI |
| Tenure | Three years |
| Previous Role | Deputy Managing Director of IFCI |
| IFCI Establishment | July 1, 1948 |
| Key Government Move | IFCI Group Consolidation |
| Entities Merging into | IFCI Ltd StockHolding Corp, IFCI Factors, IFCI Infrastructure, IIDL Realtors |
| Subsidiaries | Merging into One StockHolding Services, IFCI Financial Services, IFIN Commodities, IFIN Credit |
| Direct Subsidiaries | Post-Merger StockHolding Document Services, StockHolding Securities IFSC, IFIN Securities Finance, IFCI Venture Capital, MPCON |
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