Punjab National Bank has informed that B. B. Chaudhry, Part-time Non-official Director under Chartered Accountant Category on the Board of the Bank with effect from September 23, 2011 under sub section (3)(g) of section 9 of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause(b) of clause 9(2) of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980 ceased to be Director on the Bank’s Board and its Sub-committees with effect from September 23, 2014 on completion of his tenure of three years from the date of induction.
The above information is a part of company’s filings submitted to BSE.
