The Appointments Committee of the Cabinet (ACC) on Tuesday approved the appointment of Sivasubramanian Ramann, as Chairman and Managing Director (CMD) of Small lndustries Development Bank of lndia (SlDBl) on deputation basis, it said in a statement.
This is following a proposal from the Department of Financial Services.
Ramann was serving as the MD & CEO, National E- Governance Services Ltd. The appointment is for a period of three years in the scale of pay of Rs. 2,05,4001to Rs. 2,24,400, the statement said.
Late last year, the Banks Board Bureau (BBB) had recommended the name of Ramann for the SIDBI Chief’s post.Ramann is an Indian Audit & Accounts Service (IA&AS) officer of 1991-batch. Prior to joining NeSL, Ramann was the Principal Accountant General of State of Jharkhand from 2015- 2016.