PR Jaishankar Appointed as the MD of state-owned IIFCL

The Ministry of Finance has appointed PR Jaishankar as the Managing Director of the India Infrastructure Finance Company Ltd (IIFCL) for three years.
The Bank Boards Bureau (BBB), the headhunter for state-run banks and financial institutions, recommended Jaishankar for the post on March 15.
Prior to this, Jaishankar served as the executive director of the National Housing Bank (NHB).
IIFCL is a wholly-owned Government of India company set up in 2006 to provide long term finance to viable infrastructure projects.