Bank of India has informed BSE that in the exercise of the powers conferred by clause (c) of Sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings ) Act, 1970 read with sub clause (1) of clause 3 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, the Central Government, has appointed R. Sebastian, CGM, Reserve Bank of India, Nominee Director on the Board of Bank of India with immediate effect in place of S. S. Barik.
The above information is a part of company’s filings submitted to BSE.
