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 and sub-clause (1) of clause 8 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government has, vide Notification dated February 16, 2017, appointed M K Bhattacharya, CGM, State Bank of Mysore as Executive Director, Indian Bank for the period of three years with effect from the date of his taking over the charge of the post or until further orders, whichever is earlier. Copy of the Government of India Notification dated February 16, 2017 issued in this regard is enclosed.
The above information is a part of company’s filings submitted to BSE.
