
Rahul Bhave Appointed As Managing Director Of IFCI
The government has appointed Rahul Bhave as the Managing Director and Chief Executive Officer (MD & CEO) of IFCI for a three-year term.
Bhave is a senior banker with over 25 years of experience in commercial banking across various capacities and locations. Since 2020, he has served as Executive Director at the National Housing Bank, contributing to the development of a robust housing and housing finance system through the supervision of housing finance companies (HFCs) and refinance initiatives to strengthen credit delivery at the grassroots level. He is on the Boards of IFCI Ltd., Stock Holding Corporation of India Ltd., IFCI Venture Capital Funds Ltd., and IFCI Infrastructure Development Ltd. He is also a member of the General Body of the Entrepreneurship Development Institute of India and the Management Development Institute. Additionally, he serves as the Chairman of the Board of Trustees of IFCI Social Foundation. Bhave holds an MBA in public management & policy from IIM Ahmedabad, a postgraduate degree in statistics, and is a qualified CAIIB professional.