Hemant Bhargava appointed acting Chairman of LIC

Hemant Bhargava, the senior-most MD at LIC, has been appointed acting Chairman of LIC. The move comes after VK Sharma retired from the top job at LIC on 31st December 2018. In order to select new chairman and one MD, selection process will be conducted by Banks Board Bureau (BBB) and 8 officials will be interviewed for both the posts on January 4 in Delhi. One MD post was vacant since Usha Sangwan retired on September 30. The top management of LIC consists of chairman and four MDs.