Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report
Mumbai: The Centre has appointed Siddhartha Mohanty as the interim chairman of the Life Insurance Corporation of India (LIC) for a three months period, starting March 14, according to CNBC.
At present, Siddhartha Mohanty was appointed as the Managing Director and Chief Executive Officer of LIC Housing Finance.
He will continue to serve as the MD of LIC until his retirement on June 30, 2023, as per his nomination.
Currently, Mangalam Ramasubramanian Kumar is the chairman of the company.
Life Insurance Corporation is globally ranked as the fifth-largest life insurer in terms of life insurance gross written premiums (GWP) and the tenth-largest in terms of total assets.
The company boasts a network of 1,335,000 agents and manages policies worth Rs 27.80 crore.
Overall, LIC is considered to be the third-most robust insurance brand on a global scale.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
India-Bhutan ₹4,033 cr rail project approved: 89 km railway lines to be laid for cross-border connectivity
WHO reports 42,000 people have life-changing injuries in Gaza
Taliban Foreign Minister Amir Khan Muttaqi to visit India for first high-level talks since 2021
India's INS Sutlej arrives in Mauritius to undertake 18th Joint Hydrographic Survey
