IDBI Bank Limited announced the appointment of Raj Kumar to its Board, with effect from May 9, 2022.
According to the company’s exchange filing, “In continuation of Bank’s disclosure dated May 9, 2022, this is to inform that the Board of Directors have approved the appointment of Shri Raj Kumar (DIN: 06627311), Managing Director of Life Insurance Corporation of India (LIC) as LIC Nominee Director on the Board of IDBI Bank Limited w.e.f. May 09, 2022 and until further orders of LIC, in terms of LIC’s letter dated May 7, 2022 and Section 161(3) of the Companies Act, 2013.”
Raj Kumar joined LIC of India in the year 1984 as an apprentice officer and has experience in the insurance sector. He has also handled several significant assignments, in various capacities in LIC of India, such as served as the chief executive officer of LIC Mutual Fund Asset Management Limited and was also the zonal manager, Bhopal, executive director (estate and office services), Mumbai, Human Resource Development, and International Operations. He has, also, held additional charge as Director of Management Development Centre, Borivali and Vigilance Department of LIC of India. He was also Chief Public Information Officer and Appellate Authority, under Right to Information, of LIC of India. He has, also, headed two prestigious divisions of LIC i.e. Gorakhpur and Jaipur.
Besides being on the Board of LIC as Managing Director, Raj Kumar has rich experience of Board governance- having served as nominee director/ director on the Boards of seven companies at different points of time which included not only subsidiaries and associates of LIC in India and abroad but also well-known public companies in India.
He is presently on the Board of Grasim Industries Ltd., LIC Housing Finance Ltd., LICHFL Asset Management Company Ltd. and LIC (Lanka) Ltd. as Nominee Director of LIC. Shri Raj Kumar has attended various training programs, in India, at IIM-Ahmedabad, ISB-Hyderabad, NIA-Pune, Delhi Productivity Council-Delhi, MDC Mumbai, Third World Development Centre-Delhi, National Institute of Advance Studies-Bangalore, etc.
Raj Kumar has been conferred with “Most Influential Human Resource Officer in Asia” an Award by CHRO, Asia and was also awarded “Hinditar Bhashi Samman” by Madhya Pradesh Rashtra Bhasha Prachar Samiti, Bhopal
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