IDBI to reappoint CEO for 3 years
The board is also set to be broad-based with the LIC chairman taking over as chair and the bank has advertised to recruit two deputy MDs from the market.
Mumbai: IDBI Bank, following its acquisition by Life Insurance Corporation (LIC), has proposed to reappoint current MD & CEO Rakesh Sharma for a further three years. The board is also set to be broad-based with the LIC chairman taking over as chair and the bank has advertised to recruit two deputy MDs from the market. It has already inducted a professor from Indian School of Business and a retired RBI ED as independent director. The new board will be tasked with charting a turnaround strategy and revamping the bank’s corporate governance structure.
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