IDBI Bank plans to extend CEO Rakesh Sharma’s term by three years
Rakesh Sharma was appointed IDBI Bank CEO for six months in October 2018 to ensure a smooth transfer of majority ownership from the government to LIC
IDBI Bank and LIC, meanwhile, through collective their network, have started leveraging their mutual business synergies
Mumbai: IDBI Bank Ltd plans to extend the term of Rakesh Sharma, its managing director (MD) and chief executive officer (CEO), by three years. Sharma’s six-month term is slated to end in April. Life Insurance Corporation of India (LIC) recently acquired a majority stake in IDBI Bank.