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BBB recommends two names for forthcoming two LIC MD posts May 09, 2021 Government looking take LIC public through mega IPO The Banks Board Bureau (BBB), an apex body tasked to recommend candidates for the top management posts in public sector banks and state owned insurers, has recommended two names for the forthcoming two positions of Managing Director in insurance behemoth Life Insurance Corporation (LIC). While Ipe Mini has been recommended for the first vacancy of Managing Director of LIC, the BBB has recommended B C Patnaik for the second vacancy of Managing Director in LIC. Meanwhile, the Finance Ministry is yet to approach the Appointments Committee of the Cabinet (ACC) on the issue of recommending an extension in the tenure of the incumbent LIC Chairman M R Kumar. Although it is widely speculated that Government is bringing changes in the eligibility and experience criteria for appointment of LIC Chairman, no such formal proposal has been yet made by the Finance Ministr

Vipin anandMukesh kumar guptaRaj kumarSuchita guptaInderjeet singhBanks board bureauNational insurance co ltdDirectors in national insurance company ltdAppointments committee of the cabinetUnited india insurance company ltdLife insurance corporationManaging directorIpe miniFinance ministryAppointments committeeManaging directors