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.