Money & Banking

Chintala takes charges as NABARD Chairman

Our Burea Mumbai | Updated on May 27, 2020 Published on May 27, 2020

Govinda Rajulu Chintala took charge as Chairman of the National Bank for Agriculture and Rural Development (NABARD) on Wednesday.

His tenure will last till his superannuation (July 31, 2022) or until further orders, whichever is earlier, said a release. Previously, he was the Managing Director of NABFINS, a subsidiary of NABARD headquartered in Bengaluru.

Along with Chintala, the government has also appointed KV Shaji (General Manager, Canara Bank) and PVS Suryakumar (Chief General Manager, NABARD) as Deputy Managing Directors (DMDs) of NABARD.

Shaji’s appointment as DMD is for a period of five years with effect from taking over charge of the post or until further orders, whichever is earlier. Suryakumar’s appointment is with effect from taking over charge of the post till his superannuation (July 31, 2023) or until further orders, whichever is earlier. Shaji and Suryakumar took charge as DMDs on May 21.

Published on May 27, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
Address immediate liquidity issues of businesses, says Chairman of Srei Infrastructure Finance