FSIB recommends Lavanya Mundayur for New India Assurance's CMD post
This story was originally published at 10:55 IST on 29 May 2026
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NEW DELHI – The Financial Services Institutions Bureau has recommended Lavanya Mundayur for the position of chairperson and managing director in New India Assurance Co. Ltd. If approved by the government, Mundayur will be appointed for five years, or until the age of 60 years, whichever is earlier.
Mundayur, currently chairperson-cum-managing director at Agriculture Insurance Co., will replace Girija Subramanian, whose tenure as the chairperson of New India Assurance will end on Jul. 31. Subramanian had assumed office in June 2024.
At 1035 IST, shares of New India Assurance traded marginally lower at INR 159.98 apiece on the National Stock Exchange. For the March quarter, the company had reported a net profit of INR 5.58 billion and a total income of INR 117.86 billion. End
Reported by Shubham Rana
Edited by Deepshikha Bhardwaj
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