Country's financial sector is set to get new chiefs in almost a dozen financial institutions and three of the four regulatory bodies.
The Insurance Regulatory & Development Authority (IRDA) Chairman, Mr. J Hari Narayan is to retire thus kicking off the process of change of entities. Mr. T S Vijayan is expected to take up the position of IRDA Chairman. Mr. Vijayan was the Chairman of Life Insurance Corporation.
Next February, the post of SEBI chairman is to fall vacant as Mr. U K Sinha's term will end. Another high profile post of LIC chairman is fall vacant as Mr. D K Mehrotra is due to retire in May.
State Bank of India Chairman, Mr. Pratip Chaudhuri's two year term is also scheduled to get over in few months. Along with it nine other banks would need new chairmen, IDBI Bank and Union bank of India are among the top pick.