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- General Insurance Corporation of India (GIC Re) appointed Ramaswamy Narayanan as Chairman and Managing Director (CMD).
- His appointment has become effective from 1 October. He will replace Devesh Srivastava.
- Devesh Srivastava’s four-year term ended on 30 September 2023.
- In June 2023, the Financial Services Institution Bureau (FSIB) recommended Narayanan as the head of GIC Re.
- SBI Chairman Dinesh Khara’s tenure has been extended by the Centre till August 28, 2024.
- His three-year tenure was due to end on October 6. He was appointed as chairman of SBI on October 7, 2020, for three- years.
- As per current norms, a person can hold the post of SBI Chairman up to the age of 63.
- GIC Re is an Indian public sector reinsurance company. It has headquarters in Mumbai. It was incorporated in 1972.
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