Govt appoints top PSU executives - Mr Rajiv Rishi to Central Bank of India w.e.f 01.08.2013

The government today made three top appointments for public sector financial firms. S K Jain has been appointed as the chairman and managing director of Syndicate Bank, Rajiv Rishi appointed as CMD of Central Bank of India and S B Mainak has been appointed as the MD of Life Insurance Corporation of India (LIC).

SB Mainak, ED-Investments at Life Insurance will take over as the new Managing Director of LIC. Thomas Mathew, who was earlier the Managing Director and then became the interim chairman before SK Roy took over the post, retired last month. Apart from Mainak, LIC has Sushobhan Sarkar as another Managing Director. Mainak will take charge tomorrow. Born in 1956 in Mumbai, Mainak is a Chartered Accounted by qualification. He joined the services of LIC in 1983 as a Direct Recruit under CA batch. He has wide experience in the field of finance, investments and portfolio Management.

Read more >> Click here