FSIB recommends Siddhartha Mohanty for LIC chairperson's position

Mohanty is already serving as the interim chairperson of LIC

Headhunting agency – Financial Services Institutions Bureau (FSIB) – on Thursday recommended Siddhartha Mohanty for the position of chairperson of India’s largest insurer Life Insurance Corporation (LIC). 

Mohanty is already serving as the interim chairperson of the insurance behemoth for a period of three months, along with discharging his responsibilities as managing director (MD) of the corporation. 

While his name has been recommended by this autonomous body, which was set up for the purpose of recommending persons for appointment as whole-time directors and non-executive chairpersons on the boards of financial services institutions, the final decision on the FSIB recommendation would