IDBI Bank
Mr. Raj Kumar is the Managing Director of LIC. He joined LIC in the year 1984 as an apprentice officer and has experience in the insurance sector. He has also served as the chief executive officer of LIC Mutual Fund Asset Management Limited and was also the zonal manager, Bhopal, executive director (estate and office services), Mumbai, amongst others, of LIC. He was also the senior divisional manager of Gorakhpur and Jaipur divisions of LIC. He has been conferred with “Most Influential Human Resource Officer in Asia” an Award by CHRO, Asia and was also awarded “Hinditar Bhashi Samman” by Madhya Pradesh Rashtra Bhasha Prachar Samiti, Bhopal. He has expertise in the field of HR, Marketing and Business Management. He is presently on the Board of Grasim Industries Ltd., LIC Housing Finance Ltd., LICHFL Asset Management Company Ltd. and LIC (Lanka) Ltd. as Nominee Director of LIC.
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IDBI Bank
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IDBI Bank Limited offers monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses. The Company provides personalized banking and financial solutions to its clients. Its segments include wholesale banking, retail banking and treasury services. The corporate/wholesale banking segment includes corporate relationship covering deposit and credit activities other than retail. The retail banking segment includes credit and deposit activities that are oriented towards individuals and small business, including Priority sector lending. The Retail Banking segment also encompasses payment and alternate channels, such as automated teller machines (ATMs), point of sale (POS) machines, Internet Banking, mobile Banking, third party distribution and transaction banking services. Its treasury services segment includes trading portfolio of investments, money market operations, derivative trading, and foreign exchange operations on the account and for customers.