SUMANTA CHAKRABORTY
Mr. Sumantha Chakraborty is a distinguished financial and insurance professional with multiple industry recognitions. He is a CLIA achiever and has earned the prestigious CLIA Platinum Brigade Member status four times.
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State-owned insurer LIC's board has approved a 1:1 bonus share issue, granting one additional share for every share held on the record date. This move will be funded by capitalizing Rs 6,325 crore from reserves by December 2025 and is expected to be completed within two months of the board's approval.
Indian economy on strong footing but duration of West Asia conflict, resultant damage to the energy infrastructure add risk to inflation, growth outlooks, says RBI Governor Malhotra.
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