Former Union Bank CEO, G Rajkiran Rai selected as MD of NaBF

Former CEO of Union Bank, G Rajkiran Rai has been recommended by the Financial Services Institutions Bureau (FSIB) as Managing Director at the National Bank for Financing Infrastructure and Development (NaBFID).

He served as the MD & CEO of Union Bank of India for five years, till the date of his superannuation in May 2022. FSIB was incorporated on July 1, 2022. The erstwhile Banks Board Bureau (BBB) was revamped into FSIB with certain amendments in its mandate.