IPO extends LIC Chairman's tenure for 1 year
The tenure of IPO-bound Life Insurance Corporation’s (LIC) Chairman, MR Kumar has been extended by another year. It was confirmed by the Department of Financial services on January 30. Along with the Chairman, the government has also extended the tenure of one of the Managing Directors, Raj Kumar, for one year. This has been done with a view to facilitating a smooth listing of the insurance behemoth....