Mr. Mohammad Mustafa, IAS, assumed charge as Chairman & Managing Director of Small Industries Development Bank of India w.e.f. August 28, 2017. Mr. Mustafa holds a post graduate degree in Philosophy. An IAS officer of Uttar Pradesh cadre, Mr. Mustafa, prior to joining SIDBI, served as Joint Secretary, Department of Financial Services (DFS), Ministry of Finance, Government of India. He brings with him more than two decades of experience in Government Service across general administration, rural developmental initiatives, monetary economics, public finance, policy making, infrastructure development and international trade. During his tenure at DFS, he was instrumental in implementing several path breaking initiatives viz., formulation of “Indradhanush”, a policy to revamp public sector banks amidst rising NPAs and for capital infusion in banks. He served as CMD of National Housing Bank between 2014-15. He also served as MD of CERSAI in 2016 and launched movables registry. He also served as nominee director on the boards of Andhra Bank, Union Bank of India, Bank of Baroda and New India Assurance Company.