Category : Appointments
 SBI managing director B Sriram has resigned from the country’s largest lender after his appointment as chief executive of IDBI Bank. The development assumes significance amid reports that insurance behemoth LIC is mulling acquiring a majority stake in the debt-ridden state-owned bank. The government last week appointed Sriram as managing director and CEO of IDBI Bank for a temporary period of three months. Sriram took charge of IDBI Bank on June 22 following M K Jain demitting office to take over as Deputy Governor of RBI. |
| Source- The Hindu Business Line |
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