Federal Bank has informed that Shubhalakshmi Panse, Ex Chairman and Managing Director of Allahabad Bank, was appointed as an Additional Independent Director on the Board of the Bank as per Article 63A of Articles of Association of the Bank and Section 10A of the Banking Regulation Act, 1949 and has joined the Board of the Bank on June 04, 2014, after obtaining the required regulatory approvals.
The above information is a part of company’s filings submitted to BSE.