10 September 2016 Current Affairs: Dilip Kumar Mandal has been appointed managing director & chief executive officer of IDBI Asset Management Company (AMC).
Prior to joining IDBI AMC, Mandal was chief general manager & zonal head of retail banking group, IDBI Bank, covering the states of Odisha, Chhattisgarh and Jharkhand, and based at Bhubaneswar.
IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.
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