Shyam Srinivasan is Business Standard Banker of the Year
Shyam Srinivasan, managing director and chief executive officer (CEO) of Federal Bank, is the Business Standard Banker of the Year for 2019-20. The award was given for his bank's consistent healthy performance at a time when most of its peers witnessed large stress on asset quality, registered losses, or even invited regulatory actions.
The unanimous decision was taken by a high-profile jury of five, chaired by former RBI deputy governor S. S Mundra. He was chosen for his bank's consistent healthy performance at a time when most of its peers witnessed losses or other issues.
Jan 24, 2021
Siddhartha Mohanty New MD of LIC
The government has appointed KIC Housing Finance chief executive officer (CEO) Siddhartha Mohanty as the managing director of Life Insurance Corp. (LIC) with effect from February 1.
The appointment of Mohanty is till superannuation on June 30, 2023.
Mohanty will replace TC Susheel Kumar who is set to retire on January 31, 2021.
Jan 22, 2021
Lt Gen Mohanty is Next Army Vice-Chief
Southern Army Commander Lt Gen CP Mohanty has been appointed next Vice-Chief of the Indian Army.
He will take over from Lt General SK Saini after he superannuates on January 31. Lt Gen Mohanty has commanded the crucial 33 Corps in the eastern sector after the Doklam standoff.
Jan 21, 2021
JLL India CEO Ramesh Nair Steps Down
JLL India CEO Ramesh Nair is leaving the company to pursue opportunities outside the firm. He is succeeded by Radha Dhir, an experienced financial services executive, who has held senior leadership positions in Deutsche Bank India and Yes Bank.
Nair joined JLL as an analyst in 1999. He rose through the ranks to become Chief Operating Officer in 2013 and then CEO of the India business in 2017. He was also a member of the Asia Pacific Executive Board.
In India, JLL has presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi and Coimbatore) and in over 130 tier 2 and 3 markets with a workforce of close to 12,000 professionals.
Jan 20, 2021
Renowned Oncologist Dr. V Shanta Passes Away
Padma Award-winning renowned oncologist Dr. V Shanta passed away. She was the chairperson of Adyar Cancer Institute in Chennai, which she joined in 1954. The institute is known for providing state-of-the-art healthcare to all patients.
Dr. V Shanta was a recipient of the prestigious Padma Shri (1986) and Padma Bhushan (2006) for her efforts for making quality and affordable cancer treatment accessible to everyone. She was also awarded the Padma Vibhushan and the Ramon Magsaysay awards.
Vishwavir Ahuja Re-appointed as RBL Bank Chief
The board of directors of RBL Bank approved the re-appointment of Vishwavir Ahuja as the Managing Director and CEO of the bank for three years.
The re-appointment is with effect from June 30, 2021, to June 29, 2024, and the same is being recommended to the Reserve Bank of India and shall be subject to their approval.
Ahuja has been MD & CEO of RBL Bank since June 30, 2010. Prior to joining RBL Bank, he was the MD & CEO of Bank of America, India, from 2001 to 2009.