IDBI Bank for 3-year extension to chief
Mumbai: IDBI Bank on Sunday said it is considering appointing current Managing Director Rakesh Sharma for three years as its MD & CEO, besides broad-basing the board to induct professionals and two deputy MDs. “The chairman of LIC has been appointed as the non-executive chairman of the bank,” IDBI Bank said in a release.
LIC acquired majority control in IDBI Bank in January this year.
The bank also said it is strategising to be a ‘one-of-its-kind’ financial conglomerate and plans to bring banking and insurance services under a single platform.