The government has appointed S Ramann as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI). The appointment is for a period of three years from the date of his assuming the charge or until further orders, a government statement said. In December, Banks Board Bureau, the headhunter for state-owned banks and financial institutions, had recommended his name for the post.

• Stocks Under F&O Ban: Aditya Birla Fashion, Biocon, and Others
• Stocks in Focus: Zydus Lifesciences, Bajaj Finance, Coforge, and Others
• Uber Gets Slapped with £250 Million Lawsuit from London’s Black Cab Drivers 
• Dabur India Shares Rally 5% on Strong Q4 Earnings 
• Adani Enterprises Shares Fall 1% on Weak Q4 Earnings 

Ramann, a 1991-batch Indian Audit & Accounts Service officer, is currently the CEO of National E-Governance Services Ltd, India’s first Information Utility.