FSIB Recommends T.D. Sivakumar as DMD of IIFCL After Candidate Evaluation
New Delhi: The Financial Services Institutions Bureau (FSIB) has recommended Shri T.D. Sivakumar for the position of Deputy Managing Director (DMD) at the India Infrastructure Finance Company Limited (IIFCL), following a series of interface evaluations conducted on May 20 and 21, 2026.
The recommendation was made after the Bureau assessed nine eligible candidates for the senior leadership role. According to FSIB, the selection process considered candidates’ performance during the interface, their professional experience, and other relevant eligibility parameters.
After reviewing all aspects, the Bureau concluded that Shri T.D. Sivakumar demonstrated the most suitable profile for the position and formally recommended his appointment as DMD of India Infrastructure Finance Company Limited.
The Financial Services Institutions Bureau (FSIB), which is responsible for recommending top-level appointments in public sector financial institutions, stated that the decision was based on a comprehensive evaluation framework aimed at ensuring merit-based leadership selection.
The recommendation will now move forward for further approval as per the standard appointment procedures.