The Banks Board Bureau (BBB) appointed SN Rajeshwari as the new Chairman and Managing Director (CMD) of Delhi-based Oriental Insurance Company (OIC). She will be the successor of AV Girija Kumar, 60 years old, who retires on May 2020.
i.The BBB had conducted virtual interviews of five senior general managers of the public sector general insurance company, with 2 years of residual services till May 2022, to select a new CMD of Oriental Insurance.
ii.B P Sharma heads a seven-member panel to select CMDs of PSU (Public Sector Undertakings) insurance companies and banks.
About SN Rajeshwari:
i.She is a 1983 batch officer from United India Insurance (UII), who currently serves as the GM (General Manager) and CFO (Chief Financial Officer) of New India Insurance, Mumbai.
ii.Rajeshwari will serve as the CMD of OIC till May 2022.
i.The Oriental Insurance Company Ltd. was incorporated at Mumbai on 12th September 1947. The Company was a wholly owned subsidiary of The Oriental Government Security Life Assurance Company Ltd.
ii.It has 29 regional offices and more than 1800 active branches across the country.
Headquarters– New Delhi.