Tourism Finance Corporation of India Limited announced that Shri. Satpal Kumar Arora has submitted his resignation as Managing Director/Director of the company subject to the approval by the Board of Directors, effective from May 15, 2018. Further, this is to inform that the Board of Directors has appointed Shri B.M.Gupta, Executive Director as Manager of the Company with effect from May 16, 2018 till joining of the new Managing Director.