Driving Naari Programme launched in Chandigarh
New Delhi
The Appointments Committee of the Cabinet on Tuesday approved the appointment of Department of Financial Services (DFS) secretary Rajiv Kumar as the new Finance Secretary after the transfer of the previous incumbent Subhash Chandra Garg to the Power Ministry on July 24.
As DFS Secretary, Kumar is credited with quarterbacking the merger of Bank of Baroda with Dena Bank and Vijaya Bank to make it the third largest bank in the country. He has also been involved with the recapitalisation of public sector banks.
The 59-year-old IAS officer from the Jharkhand cadre was appointed DFS Secretary in September 2017. The Finance Secretary is the seniormost bureaucrat in the Finance Ministry’s five departments—economic affairs, revenue, expenditure, financial services and department of investment and public asset management.
