Govt Appoints Rahul Bhave as IFCI's Managing Director & CEO

Daily Current Affairs / Govt Appoints Rahul Bhave as IFCI's Managing Director & CEO

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Category : Appointment/Resignation Published on: March 28 2025

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Rahul Bhave has been appointed as the Managing Director and CEO of IFCI for a three-year term, following approval by the Appointments Committee of the Cabinet (ACC), chaired by the Prime Minister.
Bhavesh, who is working as the Deputy Managing Director, has been appointed as MD and CEO for a period of three years from the date of assuming office.
This appointment has been approved by the Appointment Committee of the Cabinet (ACC) chaired by the Prime Minister.
The Industrial Finance Corporation of India (IFCI) was established by the government on July 1, 1948, as the country's first development financial institution.