North East

NEDFi gets new CMD   

Guwahati, July 5: PVSLN Murty has joined North Eastern Development Finance Corporation Ltd. (NEDFi) as the new Chairman & Managing Director from July 1


A statement by NEDFi said that Murty, a Chief General Manager and Chief Strategy Officer of largest public sector bank, State Bank of India (SBI), brings with him 40 years of commercial and development banking experience in diverse and varied areas of financial system.

Prior to joining NEDFi, Murty was posted as chief strategy officer at SBI, based at the Corporate office, Mumbai.

Murty had experience in serving the North East region for over 3 years as Chief General Manager and Regional Head from 2015 to 2018 while he was in SBI.

Besides serving as a member on the Board of Directors of NEDFi from June 2016 to November 2018, he was also on the Boards of Indian Institute of Bank Management (IIBM), ATTF and many large industrial houses.

He was instrumental in bringing up APONGHAR, a popular housing loan scheme for the Assam government employees, with the support of Assam government.                                                                                                        

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