New Delhi: FSIB, the headhunter for directors of PSBs and financial institutions, on Tuesday recommended R Chander for the post of MD of LIC.
The Financial Services Institutions Bureau (FSIB) interviewed five candidates for the positions, it said in a statement. LIC has four managing directors besides CEO and MD who heads the life insurance giant. The final decision on the FSIB recommendations would be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.
The FSIB is headed by Bhanu Pratap Sharma, former secretary, Department of Personnel and Training (DoPT).
Other members of the headhunter are the secretary, Department of Financial Services, secretary, Department of Public Enterprises, IRDAI member, former LIC managing director Usha Sangwan and former Oriental Insurance managing director A V Girija Kumar.