Mumbai, May 19 -- IDBI Bank Ltd on Monday announced that Raj Kumar has ceased to be the LIC Nominee Director on its Board with effect from May 18 upon completion of his term. In a regulatory filing, the bank stated, "Raj Kumar has ceased to be LIC Nominee Director on the Board of IDBI Bank Limited with effect from May 18, 2025, on completion of his term." Kumar, a veteran in the life insurance sector, began his career with the Life Insurance Corporation of India (LIC) in 1984 as an Apprentice Officer. Over nearly four decades, he held several key positions, including Managing Director of LIC, Chief Executive Officer of LIC Mutual Fund Asset Management Limited, Zonal Manager in Bhopal, and Executive Director (Estate and Office Services) in M...