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Mangalam R Kumar appointed as Non Executive Non Wholetime Chairman of IDBI Bank Ltd.

May 16th, 2019 1:36 pm | By | Category: LATEST NEWS

Ramasubramanian Kumar, Chairman, LIC

Ramasubramanian Kumar, Chairman, LIC

The Board of Directors, at its meeting held on May 13, 2019 appointed Mangalam Ramasubramanian Kumar as the Non Executive Non Wholetime Chairman of IDBI Bank Ltd. for a period of three years or till such time he continues as the Chairman of LIC, whichever is earlier as per the approval dated May 09, 2019 received in this regard from Reserve Bank of India. The Brief Profile of M.R. Kumar is as under :M.R. Kumar, took charge as Chairman, LIC of India on 14th March, 2019. He joined LIC of India in 1983 as a Direct Recruit Officer. In a career spanning more than three and a half decades, he has had the unique privilege of heading three Zones of LIC of India, viz, Southern Zone, North Central Zone and Northern Zone, head quartered at Chennai, Kanpur and Delhi, respectively. He headed two prestigious divisions i.e. Ahmedabad in Western Zone and Ernakulum in Southern Zone as Sr. Divisional Manager. He was also Regional Manager (Marketing) and Regional Manager (P&IR) at Kolkata and Chennai. As an Executive Director he headed the Personnel Department as well as the Pension and Group Insurance vertical of the Corporation. During his tenure, several initiatives were rolled out for the benefit of the employees. His rich experience of working pan India, right from North to South and East to West including the heartland states of India while heading Kanpur Zone, has given him a deep insight into the demographics and insurance potential of the country. Moreover, working in different streams of life insurance management, viz.,administrative, marketing, group and social securities, has given him the twin advantage of enriched knowledge and clarity on processes and procedures in the life insurance industry.M.R. Kumar is not related to any other Director on the Board or KMP of IDBI Bank.

Source https://www.thehindubusinessline.com/companies/announcements/others/idbi-bank-ltd-announcement-under-regulation-30-lodr-change-in-directorate/article27115157.ece

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