Private lender Axis Bank has appointed Life Insurance Corporation of India (LIC) Managing Director T C Suseel Kumar as its non-executive board member. LIC is one of the promoters of the bank.
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The proposal pertaining to the appointment of Kumar as the additional non-executive (nominee) director of the bank is subject to approval from the shareholders at the 26th Annual General Meeting, said Axis Bank in a regulatory filing.
Also Read: Axis Bank’s former Retail Banking Head Pralay Mondal to join CSB Bank
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Kumar was appointed Managing Director of LIC in March 2019.
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