B C Patnaik takes charge as MD of LIC


B C Patnaik takes charge as MD of LIC

Prior to taking charge as MD of LIC, Patnaik was the Secretary General, Council for Insurance Ombudsman, (CIO) Mumbai, the insurance behemoth said. Patnaik, joined as a Direct Recruit Officer in 1986. Currently, LIC has a chairman and four managing directors.

Bank loans to agriculture and allied activities continued to perform well, registering an accelerated growth of 11.3 per cent in August 2021, as against 4.8 per cent in August 2020, the data showed.


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