Facts for Prelims (FFP)
Source: Economic Times
Context: The Financial Services Institutions Bureau (FSIB) has recommended Manoj Mittal, currently the Managing Director of IFCI, as the new Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI).
- Additionally, Sanjay Shukla has been selected as the Managing Director of the National Housing Bank (NHB)
About FSIB:
Constituted in 2022 under Department of Financial Services (Ministry of Finance), by Central Government replacing Bank Board Bureau.
The Financial Services Institutions Bureau (FSIB) is an organization responsible for selecting directors for state-owned banks and financial institutions in India.
It acts as a head-hunter, identifying and recommending suitable candidates for leadership positions within the financial sector.
