IIFCL gets new Chairman

S K Goel, Chairman and Managing Director UCO Bank will take over as the new chairman of India Infrastructure Finance Company (IIFCL).

He will replace SS Kohli, whose extended term at the infrastructure finance company came to an end last month. The financial institution’s Executive Director, Pradeep Kumar is currently officiating as the Chairman and Managing Director.

It was reported at least two other appointments were being finalised by the government. R V Verma, Executive Director at National Housing Bank, is the frontrunner for the post of Chairman at the refinance and housing finance regulatory agency.

A notification regarding the appointment of Yogesh Agarwal, Chairman and Managing Director, IDBI Bank as the NHB chairman was expected soon. Agarwal’s appointment has been approved by the government.

SC Gupta, the former Chairman and Managing Director of United Bank of India was set to move to the Board for Industrial and Financial Reconstruction as a member. AC Mahajan, Chairman and Managing Director, Canara Bank, who also retires this year, is likely to be appointed as a vigilance commissioner. Of the two vigilance commissioners, one post is reserved for a former banker.