According to the sources, the interview panel meant for the appointment comprises of Financial Services Secretary, Department of Personnel and Training Secretary and some external members.
A panel constituted by the government in 2017 had interviewed candidates for the post of Managing Director (MD) IIFCL but it did not succeed in finalising suitable to lead the organisation.
Subsequently, the Department of Financial Services (DFS) invited fresh applications for the post in August last year. The infrastructure lender is operating without a regular MD for the past 20 months.
Housing finance regulator NHB is operating without an MD after Sriram Kalyanaraman left the oraganisation in August amidst allegations of irregularities and misconduct against him.
The DFS has shortlisted around 12 candidates for the position of Managing Director of NHB and five for IIFCL, sources reveal.
The notice pertaining to the appointment of MD for DFS is looking for a candidate with at least 25 years of experience as on the date of vacancy in different verticals in commercial banks or financial institution. Of this, two years of experience should be either at the board level or GM in nationalised banks or CGM in IFCI, SIDBI, IIFCL, Exim Bank, SBI or RBI.