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
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more