Madhulika Bhaskar Gets Additional Charge As NIACL CMD For Three Months
Her appointment is for a period of three months with effect from the date of assumption of charge or till a regular appointee takes over, or until further orders, whichever is earlier, company said.
Topics
NIACL | general insurance companies
The tenure of Atul Sahai as the Chairman-cum-Managing Director (CMD) of the company had ended on February 28, 2022 following his superannuation.
The New India Assurance Company Ltd (NIACL) on Tuesday said its General Manager Madhulika Bhaskar has been given additional charge as CMD for a period of three months.
The tenure of Atul Sahai as the Chairman-cum-Managing Director (CMD) of the company had ended on February 28, 2022 following his superannuation.
"...Ministry of Finance vide their notification dated 12th July, 2022 has conveyed the approval of the competent authority, for entrusting financial and administrative powers and functions of the post of Chairman-cum-Managing Director (CMD)... to Madhulika Bhaskar, General Manager, NIACL, on additional charge basis," the company said in a regulatory filing.
Her appointment is for a period of three months with effect from the date of assumption of charge or till a regular appointee takes over, or until further orders, whichever is earlier, it added.
Stock of NIACL closed at Rs 82.25 apiece on BSE, up by 1.86 per cent from its previous close.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
First Published: Tue, July 12 2022. 22:42 IST
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
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more