IDBI Bank has appointed Hemant Bhargava as non-executive, non-whole time chairman. Bhargava is currently the Chairman (in-charge) and Managing Director of Life Insurance Corporation of India (LIC).
The bank stated that Bhargava has been appointed for 3 years or until he continues in his position at LIC. The life insurer is now the majority shareholder in IDBI Bank with a 51% stake.
Source: The Money Control
Static/Current Takeaways Important for NIACL AO Mains Exam:
- IDBI Bank Headquarters: Mumbai, MD and CEO: Rakesh Sharma.