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SK Jain appointed CMD of Syndicate Bank; SB Mainak, MD of LIC

NEW DELHI: The government today appointed S K Jain as Chairman and Managing Director (CMD) of Syndicate BankBSE 0.91 % while S B Mainak as Managing Director of LIC. 

Prior to this Jain was Executive Director of
Bank of BarodaBSE 1.37 %. 

He has been appointed as CMD for a period of five years, an official statement said. 

As for 
LIC, the statement said that Mainak, an Executive Director of the country' largest life insurer, has been appointed as Managing Director till February 29, 2016.