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Indian Bank informs about change in directorate

03 Nov 2015 Evaluate

Indian Bank has informed that in exercise of the powers conferred by clause (a) 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, clause 6 and sub-clause (1) of clause 8 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government, after consultation with the Reserve Bank of India, vide Notification dated November 02, 2015, has appointed Mahesh Kumar Jain, Executive Director, Indian Bank as MD & CEO, Indian Bank, for a period of three years from the date of taking over the charge of the post or till the date of his superannuation or till further orders, whichever is earliest. Mahesh Kumar Jain assumed charge as MD & CEO of Indian Bank on November 02, 2015.

The above information is a part of company’s filings submitted to BSE.

Indian Bank Share Price

938.95 -1.75 (-0.19%)
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Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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