Govt appoints S Ramann as SIDBI chairman & managing director

The government has appointed S Ramann as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI).

The appointment is for a period of three years from the date of his assuming the charge or until further orders, a government statement said.

In December, Banks Board Bureau, the headhunter for state-owned banks and financial institutions, had recommended his name for the post.

Ramann, a 1991-batch Indian Audit & Accounts Service officer, is currently the CEO of National E-Governance Services Ltd, India's first Information Utility.