Enhancement of retirement age of PSU Bank Officers
The CEO&MD and DMD of Industrial Finance Corporation of India Ltd. (IFCI Ltd.) were appointed with effect from 12.12.2013 for a period of three years. IFCI became a Government Company with effect from 07.04.2015.
The Appointments Committee of Cabinet has approved the continuation of CEO&MD and DMD of IFCI Ltd. beyond their age of superannuation till the completion of their contract period i.e. upto 11.12.2016.
This information was given by Minister of State for Finance in a written reply in Rajya Sabha on 1st December 2015.
s r rath says
It is worth decision to broom the youngsters VI’s Avis income to senior employees whose average mortality increasing
MADAN SAIKIA says
Retirement age of PSU & bank employee should be increase from 60 to 62 years.Because in both department required experience employee to support the quick growth of India. This is my observation.