Finance Ministry invites application for post of DMDs at IIFCL, IFCI, Exim Bank

Arun JaitleyTo fill in the vacancy of deputy managing directors (DMDs) at three state-owned financial institutions, IIFCL, IFCI and Exim Bank, the Union Ministry of Finance, has invited applications from eligible candidates.

Exim Bank require to fill two post of DMDs, while India Infrastructure Finance Company Ltd (IIFCL) and Industrial Finance Corporation of India  (IFCI) has one such vacancies each.

The Finance Ministry will screen applications and the shortlisted candidates will be interviewed by panel headed by the Financial Services Secretary.

As per the public notice, the maximum permissible age for the candidate should be 55 years as on the date of vacancy which in case of IFCI dates back to December 12, 2016.

However, for the Exim Bank,  the maximum age for both internal as well as other candidates should be 55 years as on the date of vacancy (August 16, 2017) for the first and July 21, 2019 for second vacancy, it said.

As per the notice, the educational qualification, of the candidates should be a post graduate preferably in economics, commerce, business administration or finance or a graduate degree with professional qualification of chartered accountancy, cost accountancy of chartered financial analyst.

The eligible candidates must have minimum 18 years of experience on the date of vacancy in different verticals or domain in banks or financial institutions with at least 2 years at the highest level below the board level, it said.

The positions are open for All India Service officers on deputation basis with minimum 15 years of experience of which 2 years as director or deputy secretary to Government of India in relevant filed.

The last date for submission for these applications is May 27, 2019.

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