New Delhi: State-owned LIC said in a regulatory filing on Saturday that the "Department of Financial Services has vide F. no. A-15011/01/2022-Ins.I conveyed the approval of the Competent Authority, for entrusting financial and administrative powers and functions of Chairperson, LIC in the interim to Siddhartha Mohanty, Managing Director in addition to his own duties, for a period of three months with effect from March 14 or till assumption of the charge by the regular appointee to the said post, or until further orders, whichever is the earliest."

Mohanty is going to take over the position of the chairperson after Mangalam Ramasubramanian Kumar completes his term on March 13, said the company.

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