The decision of the Finance Ministry on the tenures of two CEO’s in the financial sector will be watched with great interest. This relates to the term of LIC chairman, T.S.Vijayan, and CMD of Union Bank of India, M.V.Nair. Both of them have completed their five-year tenure, but unlike many CEOs, they are not yet 60 — the age for retirement. That would mean looking at two options — either an extension or a new assignment for them.
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