However, the institution did not appoint any new executive director, even though three EDs -- PV Narasimham, A Lahiri and PS Subramanyam -- have recently left the IDBI fold to head other organisations.

Narasimham now heads Industrial Finance Corporation of India (IFCI) and Lahiri, rating agency CARE. The last ED to leave the IDBI fold was Subramanyam, who has recently taken over as the chairman of Unit Trust of India.

SK Chakrabarti, the seniormost ED, who is likely to be promoted as the wholetime director on the IDBI board, will now handle project appraisal, corporate finance (group III), rehabilitation, information technology, venture capital and regional advisory committee (western region).

SK Kapur has been given the charge of zonal coordination & branch operations, credit recovery, board & central accounts, taxation & law, administration & premises and internalaudit. Besides, Kapur will also look after the regional advisory committee of the northern region.

Third executive director TM Nagarajan will oversee corporate finance (group I and II), corporate support and credit monitoring. In addition to that, Nagarajan will also handle international and domestic resources, forex and domestic treasuries, investors relations, HRD and regional advisory committee (southern region).

Other portfolios like merchant banking and corporate advisory services, debenture trustee, investment management, budget and planning, economic research, statutory and regulatory compliance will be managed by VP Singh. In addition to that, Singh will also monitor all associate institutions and look after the regional advisory committee of eastern and north-eastern regions.

V Venkatesarwarlu, IDBI's advisor, will oversee press and publicity and library and publications.