Siddhartha Mohanty Shortlisted For LIC Chairman, Centre To Take A Call

As per the guidelines, the chairman is selected from the four managing directors of the company

The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Thursday selected Siddhartha Mohanty to head insurance behemoth LIC.

As per the guidelines, the chairman is selected from the four managing directors of the company.

After interviewing four candidates based on their overall experience and extant parameters on March 23, 2023, FSIB recommended Siddhartha Mohanty for the position of Chairperson in LIC of India, the Bureau said in a statement.

Currently, Siddhartha Mohanty, managing director of LIC, is the acting chairman of the country's biggest life insurance firm after the completion of the term of MR Kumar on March 13, 2023.