Sanjay Joshi Recommended as CMD of Oriental Insurance Company
| Category | Details |
|---|---|
| News Summary | The Financial Services Institutions Bureau (FSIB) has recommended Sanjay Joshi, a 1989 batch officer, for the position of Chairman-cum-Managing Director (CMD) of Oriental Insurance Company Limited (OICL). This follows the retirement of R.R. Singh in February 2025. Currently, Amit Misra is serving as acting CMD. |
| Key Event | Sanjay Joshi, General Manager at United India Insurance Company, recommended as CMD of OICL. |
| Timeline | - Retirement of R.R. Singh: February 2025.<br>- Acting CMD Amit Misra's Term: March 1, 2025, for three months. |
| About OICL | One of India's four major public sector general insurance companies. |
| About Sanjay Joshi | - Current Role: General Manager at United India Insurance Company.<br>- Batch: 1989 Direct Recruit Officer.<br>- Experience: Over 30 years in the general insurance sector. |
| Past Positions | - Branch & Divisional Head.<br>- Deputy General Manager at Head Office.<br>- Chief Grievance Officer.<br>- Member of the Large Corporate Cell (LCC), Delhi. |
| Qualifications | - Postgraduate degree in Environmental Sciences.<br>- Postgraduate diploma in Marketing Management.<br>- Fellow Member of the Insurance Institute of India. |
| Role of FSIB | Recommending authority for leadership appointments in public sector financial institutions, ensuring merit-based and transparent selections for CMD and Director-level roles. |