Mohanty, LIC MD, named as comapany’s chairman – Newz9

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Mohanty, LIC MD, named as comapany’s chairman – Newz9

The authorities on Friday appointed Siddhartha Mohanty (presently MD) as the brand new chairman of LIC. Former LIC MD B C Patnaik has been appointed as the member (life) of Irdai.
Last month, the Financial Services Institutions Bureau (FSIB), the headhunter for administrators of state-owned banks and monetary establishments, really useful Mohanty’s identify as chairman of LIC.
Mohanty has been appointed as LIC head until June 2025, when he attains the age of 62 years. The authorities appointed Patnaik as a member (life) of Irdai until he turns into 62 too. The notifications got here after the nod of the appointments committee of the Cabinet, headed by PM Narendra Modi, the sources stated.

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