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Doraiswamy, who is now an executive director at the central office in Mumbai, will take over the managing director's role at Life Insurance Corporation of India from Ipe Mini.
The new director nominated by the government to the LIC board is Suchindra Mishra.
Lower expenses may positively impact LIC’s growth prospects since insurance is a cash-guzzling business
Life Insurance Corporation of India (LIC) will consider payment of dividend during its board meeting, which is scheduled to be held on May 30
The government will ask the Reserve Bank of India (RBI) about the maximum holding a prospective buyer may be allowed in IDBI Bank initially and the post-acquisition glide path to reduce the stake in line with banking sector norms.