Indian Bank has informed that in exercise of the powers conferred by clause (b) of Sub-Section (3) of Section 9 of the Banking Companies [Acquisition & Transfer of Undertakings) Act, 1970 / 1980, read with sub-clause (1) of Clause 3 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government has, vide Notification dated November 25, 2014, nominated Shri. N Srinivasa Rao, Director Department of Financial Services as Government Nominee Director of the Bank, in place of Smt. Sudha Krishnan with immediate effect and until further orders.
The above information is a part of company’s filings submitted to BSE.
