MUMBAI: Dinesh Kumar Mehrotra, managing director at the state-owned Life Insurance Corporation, will compete with his chairman for five years TS Vijayan and others, for the top post at the nation's biggest institutional investor.
Mehrotra, who is credited with raising the public sector behemoth's market share against stiff competition from private rivals such as Max New York Life and Birla Sun Life, may be the first choice of the selection panel, said two people familiar with the development.
A committee headed by R Gopalan, secretary department of economic affairs, and Shashikant Sharma -financial services secretary -is expected to select a chairman this week. J Hari Narayan chairman, Insurance Regulatory and Development Authority may have a say in the appointment.
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