New Delhi, 17 August 2022: The Competent Authority of Ministry of Finance, Govt. of India under financial and administrative powers & functions, based on the due diligence report received from the Reserve Bank of India and clearances from other statutory agencies as determined by the Central Government and based on the recommendation of the Nomination and Remunerations Committee had approved the appointment of Shri Rajkiran Rai G, as Managing Director of National Bank for Financing Infrastructure & Development (NaBFID), with effect from the date of assumption of the charge till 18 May 2027.
Shri Rajkiran Rai G presently serving as MD & CEO Union Bank of India since July 2017. He has more than three decades of rich banking experience which includes heading Industrial Finance Branch, Regions and Zonal Offices. Starting his career in 1986 as an Agricultural Finance Officer in Central Bank of India, Shri Rai rose through ranks heading various branches at different parts of the country for more than 17 years.
On his elevation as General Manager, he was given the responsibility of heading the department of Human Resource Development. He was the Field General Manager of Mumbai Zone of Central Bank of India, when he was elevated to the post of Executive Director of Oriental Bank of Commerce.