Ratnakar Patnaik appointed Managing Director of LIC
Mumbai: Ratnakar Patnaik has officially taken charge as the Managing Director of the Life Insurance Corporation (LIC) of India, effective from June 1, 2025. His appointment was notified by the Government of India on May 14, 2025.
Born in 1968, Patnaik joined LIC in March 1990 as a Direct Recruit Officer. He holds a graduate degree in Physics (Honours) and a Master’s in Public Administration. He is a Fellow of the Insurance Institute of India and also holds a diploma in Health Insurance.
Prior to this elevation, Patnaik served as Executive Director (Investment Front Office) and Chief Investment Officer at LIC. Over his 35-year career, he has held key positions across several regions, including as Senior Divisional Manager at Indore and Jamshedpur, and Regional Manager (Marketing/CLIA) in LIC’s Eastern Zone. His experience spans across Marketing, Customer Servicing, and Investment operations.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Double-decker electric bus gutted in fire at Kurla BEST depot
Mumbai (PTI): An empty double-decker electric bus was gutted in a fire during servicing at a BEST depot in Mumbai's Kurla area on Sunday, officials said, adding that nobody was injured.
The blaze broke out inside the Kurla BEST bus depot near Kanakia Building at 4.14 pm, according to preliminary information from the Mumbai Fire Brigade.
The parked bus was unoccupied at the time of the incident.
Fire brigade personnel rushed to the spot and brought the blaze under control. The exact cause of the fire was yet to be ascertained, they said.
No injuries were reported in the incident, officials added.
The Brihanmumbai Electricity Supply and Transport (BEST) Undertaking has hired 50 electric double-decker buses from Switch Mobility in its fleet of around 2,700 buses.
