New Delhi: The Financial Services Institutions Bureau (FSIB) has recommended Shri T.D. Sivakumar for the post of Deputy Managing Director (DMD) at India Infrastructure Finance Company Limited (IIFCL), following a detailed selection process conducted on May 20–21, 2026.
Selection Based on Merit and Performance Evaluation
FSIB conducted interface assessments of nine eligible candidates for the senior leadership position. The evaluation process focused on:
- Performance during personal interviews
- Professional experience and expertise
- Overall suitability for the leadership role
- Eligibility criteria under the selection framework
After reviewing all candidates, the Bureau concluded that T.D. Sivakumar demonstrated the strongest overall profile for the position.
Read also: IIFCL Appoints Rohit Rishi as Managing Director to Strengthen India’s Infrastructure Financing
FSIB’s Role in Senior Public Sector Appointments
The FSIB is responsible for recommending top-level appointments in India’s public sector financial institutions. It follows a structured, merit-based evaluation process to ensure transparency and leadership quality in key financial organizations.
Officials stated that the recommendation was made after a comprehensive assessment of all shortlisted candidates.
Next Steps in Appointment Process
The recommendation of T.D. Sivakumar as DMD will now move forward for further approvals as per the standard government appointment procedure before final confirmation.
The decision marks an important step in strengthening leadership at India’s infrastructure financing institutions, with FSIB emphasizing merit-based selection and institutional governance.
About IIFCL
India Infrastructure Finance Company Limited is a government-owned financial institution that provides long-term financing for infrastructure projects in India, supporting sectors such as transportation, energy, and urban development.
Read also: Bank of Baroda Partners with IIFCL to Boost Sustainable Infrastructure Financing Across India
