Allahabad Bank has informed that in exercise of the powers conferred by sub-section 3(c) of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, read with Sub clause (1) of Clause 3 of the Nationalized Banks (Management 8s Miscellaneous Provisions) Scheme, 1970, the Govt, of India, Ministry of Finance, Department of Financial Services vide their Notification dated December 06, 2016, have nominated Vivek Deep, Regional Director, Kanpur, Reserve Bank of India, Director on the Board of Bank in place of A. Udgata with immediate effect until further orders. Accordingly, A. Udgata has ceased to be the Director of Bank with effect from December 06, 2016 and Vivek Deep has joined the Bank as Director with effect from December 06, 2016.
The above information is a part of company’s filings submitted to BSE.
