IFCI Limited announced that the Government of India, Ministry of Finance, Department of Financial Services vide Letter No. F.No. 18/7 (ii)/2022-IF-I dated January 06, 2023, has nominated Shri Mukesh Kumar Bansal, Joint Secretary, Department of Financial Services (DFS), Ministry of Finance as Director on the Board of Directors of IFCI Ltd. vice Dr. Bhushan Kumar Sinha with immediate effect and until further orders.

Accordingly, Dr. Bhushan Kumar Sinha ceased to be Director on the Board of IFCI effective from January 06, 2023.