GSFC: SIDBI Appoints Shri Abhay Kumar Jain as Director

Gujarat State Financial Corporation (GSFC) announced the appointment of Shri Abhay Kumar Jain as a Director on its Board, nominated by Small Industries Development Bank of India (SIDBI). Shri Jain, Deputy General Manager of SIDBI's Ahmedabad Branch, assumed office on August 17, 2026, replacing Shri Dinesh Kumar who ceased to be a Director effective August 16, 2026. The change is in accordance with the State Financial Corporations Act, 1951. Shri Jain is 41 years old, holds a B.Com degree and a Post Graduate Diploma in Business Management, and has 19 years of experience with SIDBI. He is not debarred from holding directorship and does not hold any securities of GSFC.