Photo: Bloomberg
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
M Jagannath And Tablesh Pandey Recommended For Post Of MDs At LIC
The Financial Services Institutions Bureau on Monday recommended M Jagannath and Tablesh Pandey for the vacancies of Managing Director (MD) positions in state-owned Life Insurance Corporation (LIC).
Currently, LIC has four MDs, two of whom are retiring from their positions very soon. Raj Kumar, the seniormost MD, who got a years’ extension, is set to hang up his boots on January 31. And, B C Patnaik’s term as MD is to end on March 31 this year.
Jagannath and Pandey are likely to succeed Kumar and Patnaik, respectively.
Further, LIC Chairman M R Kumar’s current term ends this March. Kumar, who was appointed in 2019, had received an extension this year ahead of the insurance behemoth's initial public offering.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Mon, January 30 2023. 19:14 IST
RECENT NEWS
HSBC Swings The Axe At UK Wealth In An AI Push
HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more
Kraken's Owner Buys A Bank: The Lines Are Blurring
Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more
Revoluts Australian Banking Licence Game Changer
Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more
The AI Bank Is Coming, But Who Controls The Risk?
Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more
Bank Of London Continues To Rebuild
ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more