HDFC Life Elevates Vibha Padalkar As MD and CEO

HDFC Life appointed Vibha Padalkar as its new managing director and CEO for a period of three years. The position had fallen vacant after Amitabh Chaudhry resigned to head Axis Bank. 
The terms of appointment are subject to approval by the shareholders and the Insurance Regulatory and Development Authority of India (IRDAI). Prior to her elevation, Padalkar was the chief financial officer (CFO) and executive director at the insurer. 
Source- The Livemint

Static/Current Takeaways Important for Indian Bank PO Exam 2018-
  • Padalkar was also conferred the ‘CFO-Woman of the year’ award b the ICAI in 2011 and another for “Excellence in Financial Control, Compliance and Corporate Governance” in 2013.
  • HDFC Bank MD- Aditya Puri, Headquarters in: Mumbai.