The Financial Services Institutions Bureau (FSIB) on Tuesday (06.06.2023) recommended Sat Pal Bhanoo and R Doraiswamy for the post of Managing Director (MD) of Life Insurance Corporation (LIC) of India. The headhunter for state-owned banks and financial institutions interviewed 7 candidates for the position of MD on June 06, 2023.
Moreover, FSIB also recommended M Rajeshwari Singh for the Chief Managing Director (CMD) in National Insurance Company Limited (NICL) and Ramaswamy Narayanan as CMD in General Insurance Corporation of India(GIC Re).
The final decision on the recommendations of FSIB would be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.
