IDFC appoints former CAG Vinod Rai as independent director

Infrastructure financing firm IDFC has appointed former Comptroller and Auditor General of India (CAG) as independent director with immediate effect. Rai also worked as Financial Services Secretary. He was director on several boards including the State Bank of India, ICICI Bank, IDBI Bank and Life Insurance Corporation of India. He was instrumental in setting up the India Infrastructure Finance Company Limited and was also on the board of that company.

Tidbits
  • IDFC Limited is India’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
  • Vinod Rai (born 23 May 1948) was the 11th Comptroller and Auditor General of India.
  • He is the current chairman of UN Panel of External Auditors. He is currently Honorary Advisor to the Railways and a member of the Railway Kaya Kalp Council.
GK Question

What is the name of the book written by Vinod Rai? Not Just an Accountant