S Ramann set to be next Chairman & Managing Director of SIDBI

• S Ramann is BBB's choice for the new Chairman & Managing Director (CMD) of Small Industries Development Bank of India (SIDBI)

• Aalok Gupta's name has also been recommended by BBB as the candidate on the reserve list for the same post

• BBB has forwarded the name of Shivendra Tomar for the post of MD&CEO of IFCI Ltd

New Delhi: S Ramann is set to be the new Chairman & Managing Director (CMD) of Small Industries Development Bank of India (SIDBI). He has been recommended for the post by the Banks Board Bureau (BBB), the head-hunter body for state-owned banks and financial institutions, on Saturday. BBB also recommends Aalok Gupta as the candidate on the reserve list for the post of MD & CEO of SIDBI.

The Bureau said that its board members interfaced with 20 candidates on December 4 and December 5 for the vacancy of MD & CEO of SIDBI. Keeping in view their performance in the interface and their overall experience the Bureau shortlisted both of the candidates for the said post. Besides, the Bureau recommended Shivendra Tomar for the post of MD & CEO of IFCI Limited from the list of five candidates on the same day.

Profile of S Ramann

S Ramann is an Indian Audit & Accounts Service (IA&AS) officer of 1991-batch. He is currently serving (On deputation) as MD & CEO of National E-Governance Services Limited (NeSL), India's first Information Utility. Prior to joining NeSL, Ramann was the Principal Accountant General of State of Jharkhand from 2015- 2016. He was empanelled to the post of Joint Secretary to the government in 2011. Earlier, he has held the position of Executive Director Secondary Markets with SEBI, while he was on deputation from the government from 2006 to 2013. Ramann has done his BA (Economics) and MBA from Delhi University. His professional qualifications are LLB, M Sc in Regulation from the London School of Economics, Certified Internal Auditor from IIA, Florida and Post Graduate Diploma in Securities Law.

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Small Industrial Development Bank of India (SIDBI)

Small Industrial Development Bank of India (SIDBI) is a development financial institution in India, headquartered at Lucknow and having its offices all over the country. Its purpose is to provide refinance facilities and short-term lending to industries and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established on 2 April 1990, through an Act of Parliament. It is headquartered in Lucknow. SIDBI operates under the Department of Financial Services.

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