Tourism Finance Corporation of India Limited announced that Shri B.N.Nayak, Director has resigned from the Board of Directors of the Company and his resignation has been accepted with immediate effect. Further, as per the terms of appointment, the tenure of Shri Satpal Kumar Arora, Managing Director was upto March 31, 2018 that is till he attains the age of 60 years. The Board of Directors at the meeting held on March 26, 2018 has extended the tenure of Shri Satpal Kumar Arora, Managing Director for further period of 3 months that is upto June 30, 2018 subject to the approval of the shareholders in the forthcoming Annual General Meeting.