P Sitaram has been appointed as Chief Financial Officer (CFO) and Key Managerial Personnel of IDBI Bank. In an administrative recording to the stock trade of Saturday, IDBI Bank has stated that the Board of Directors of the Bank have endorsed the engagement of Sitaram as CFO and Key Managerial Personnel of IDBI Bank with impact from June 01, in place of Ajay Sharma, as guided by RBI to the Bank to guarantee adherence to the base capability measures for CFO. He is as of now filling in as Executive Director in the same bank.
About P. Sitaram
Sitaram is a Chartered Accountant. He is proficient and focused personnel with more than 24 years of involvement in Financial and Accounting tasks. He has insight in the whole array of account tasks, Treasury, Domestic and International Resources, Taxation, Corporate Credit, Investments and Finance.
About IDBI Bank
Industrial Development Bank of India (IDBI Bank) was set up in 1964 by a demonstration to give credit and other monetary offices for the improvement of the fledgeling Indian industry. It is an advancement money foundation and an auxiliary of Life Insurance Corporation (LIC). Numerous public organizations discover their foundations in IDBI like SIDBI, India Exim Bank, National Stock Exchange of India and National Securities Depository Limited. At first, it worked as an auxiliary of the Reserve Bank of India and later RBI moved it to the Government of India.