Friday, October 7, 2022

Amitabh Banerjee is new Managing Director of IRFC

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New Delhi: Amitabh Banerjee has been appointed as Managing Director of Indian Railway Finance Corporation (IRFC), a financial arm of Indian Railways, recently. Prior to his new appointment as Managing Director of IRFC, Banerjee was serving as Director (Finance) of Konkan Railway Corporation Limited (KRCL) since October 2013. Banerjee’s was recommended by the Public Enterprises Selection Board (PESB) on June 20, for the post of Managing Director of IRFC. He was selected from a list of three candidates who were interviewed by the selection panel.

Banerjee is an Indian Railway Accounts Service (IRAS) cadre officer of 1988 civil service exam batch. He had completed masters in commerce and is a fellow member of the Institute of Cost Accountants of India (ICWAI). He was a rank holder, 13th position in all India merit list, in the All India senior school certificate examination in 12.

Background

Banerjee has about three-decade work experience with Railway in different capacities. Prior to joining KRCL, he had worked as Director (Finance) in Hindustan Paper Corporation Limited (HPC) for 3 years. He also worked as General Manager (Finance) in Delhi Metro Rail Corporation Limited (DMRC) for more than 5 years, handling inter-alia International financing (IDA Loan from JICA), compilation and finalization of accounts and preparation of budgetary estimates. He was the nominated representative of DMRC in the world body of various mid-sized metros, christened ‘NOVA’. It was a consortium of 15 prominent Metro Rail Companies in the world.

Banerjee has held several portfolios in the Finance Department of Ministry of Railways since 1989 through 2003, handling major projects like Gauge Conversion, Laying of New Lines, Track Doubling, Construction of Railway Bridges, etc. He has also worked in the capacity of Director in the office of comptroller and Auditor General of India for about 2 years as a representative of Ministry of Railways in an autonomous body – “government accounting standards advisory board” – under the aegis of CAG, involved in the formulation of accounting standards for central government and state governments.

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