Enhancement of retirement age of PSU Bank Officers: Rajya Sabha Q&A
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
QUESTION NO 260
ANSWERED ON 01.12.2015
Enhancement of retirement age of PSU Bank Officers
260 Shri Mahendra Singh Mahra
Will the Minister of FINANCE be pleased to satate :-
(a) whether Government is contemplating to enhance the retirement age of Chairman cum Managing Director and Exective Director of Public Sector banks, Financial Institutions and Insurance Companies;
(b) if so, the details thereof;
(c) whether Government has permitted the Chief Executive Officer cum Managing Director, Deputy Managing Director and Executive Director of I.F.C.I. Limited to continue their services in I.F.C.I. despite completing sixty years of age; and
(d) if so, the reasons therefor?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) and (b): No, Sir. No such proposal is contemplated.
(c) and (d): The CEO&MD and DMD of Industrial Finance Corporation of India Ltd. (IFCI Ltd.) were appointed with effect from 12.12.2013 for a period of three years. IFCI became a Government Company with effect from 07.04.2015. The Appointments Committee of Cabinet has approved the continuation of CEO&MD and DMD of IFCI Ltd. beyond their age of superannuation till the completion of their contract period i.e. upto 11.12.2016.
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Source: Rajya Sabha ENGLISH VERSION HINDI_VERSION
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