Rajkiran Rai G, a former managing director of the Union Bank of India, has been recommended by the Financial Services Institutions Bureau (FSIB) to lead the newly established NaBFID, which will cost Rs 20,000 crore. After conducting interviews with the five finalists, the headhunter for state-owned banks and financial institutions chose the managing director for the National Bank for Financing Infrastructure and Development (NaBFID).
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