Manoj Muttathil Ayyappan
Manoj Muttathil Ayyappan will be filling up the vacancy of the post of joint secretary(Banking,Insurance & Pension) on contract basis (lateral entry) in the Departmentof Financial Services(DFS). Ministry of Finance(MoF), said a notification of the Union Public Service Commission(UPSC)
Ayyappan will be second private sector professional to be appointed as a joint secretary in the MoF after Sourav Misra who was appointed in 2019 and had quit the post in April this year
New Delhi:
As part of the government’s `lateral entry scheme’, Manoj Muttathil Ayyappan, business head-MSME, Utkarsh Small Finance Bank, has been selected to be appointed as one of the joint secretaries of the Department of Financial Services, Ministry of Finance(MoF).
Ayyappan will be filling up the vacancy of the post of joint secretary(Banking,Insurance & Pension) on contract basis (lateral entry) in the Department of Financial Services. Ministry of Finance, said a notification of the Union Public Service Commission(UPSC), which advertised and conducted the interviews for selecting a candidate for the post.
With the government’s final approval, Ayyappan will be second private sector professional to be appointed as a joint secretary in the MoF after Sourav Misra who was appointed in 2019 and had quit the post in April this year.
Ayyappan holds a Master’s degree in Business Administration and has done B.Sc. from Mahatma Gandhi University, Kottayam, Kerala.
He has an experience of over 20 years in SME lending, financial analysis, trade finance, risk models, stress account management and credit operations.
Prior to Utkarsh, he has worked with Axis Bank as Circle Head-Commercial Banking. He also had stints with Accenture Management Consulting, Infosys BPO Ltd and Bank of Madura.
Let’s hope that he will understand the position of PSU general companies and will push for merger of these companies into a big company.
By by merging multiple offices in one city and spread the reach of these companies to Tehsil and Taluka level to tap the potential of business which remain unattended and increase the presence of agents on these areas which will generate the awareness of insurance and will help improving employment generation.
Good selection.
Let’s hope he solves the problems faced by PSU GI
He needs to push the companies to a greater future in the years ahead.
Many life insurance companies were nationalised and made it into one entity at that time and Life Insurance Corporation was formed. It made huge progress since then. Private sector general insurance companies were made into 4 companies and the government says no progress.
Workers unions are demanding merger of these four companies since long time into one company to compete with other private sector general insurance companies at this crucial time and to make more vibrant by Increasing staff suitably from time to time considering work load to work effectively and to achieve results.
Good, but there should not be any partiality between private and public sector players.
His policy should be to improve the health of psu general insurance companies.
I hope, he will take good decision and save employees also who are working hard.
How can we ascertain if he has taken up the assignment. If anyone knows please revert to confirm once.