The Finance Ministry for the third time invited application for the post of managing director of India Infrastructure Finance Company Ltd (IIFCL) as they failed to find a suitable candidate on previous two occasions.
The Government had first invited application for the job in May 2017, but could not find a suitable candidate. Subsequently, another failed attempt was made last year.
The Government-appointed panel, in March (2019), interviewed candidates for the post but did not find any one suitable to lead the organisation.
According to a public notice, the candidate should have at least 25 years of experience as on the date of vacancy (June 12, 2017) in different verticals in commercial banks or financial institution or other public sector organisations with 3 years experience preferably in project finance, credit appraisal and large corporate credit.