Govt names private sector banker Manoj Muttathil Ayyappan as DFS joint secy

Mumbai, Nov 27: 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 Department of 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

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 and Bank of Madura.