FSIB to select a new Chairman for LIC

The Financial Services Institutions Bureau (FSIB) may select the next chairman of LIC of India this month. According to sources, a chairman will be selected from among the four Managing Directors.

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The Financial Services Institutions Bureau (FSIB) may select the next chairman of LIC of India this month. According to sources, a chairman will be selected from among the four Managing Directors. One of the managing directors, B.C. Patnaik, will retire on March 31. The government has already appointed Tablesh Pandey as his replacement. Currently, Siddhartha Mohanty, Managing Director of LIC, is acting Chairman of LIC after the completion of the term of M.R. Kumar on March 13, 2023. Other contenders included Mini Ipe and M Jagannath.

In the event all members of the committee are available, the bureau may conduct an interview for the position by the end of next week. The final decision on the FSIB recommendation will be taken by the appointments committee of the cabinet headed by Prime Minister Narendra Modi.

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