Canara Bank has informed about Mahadev Nagendra Rao, Shareholder Director [appointed under Clause (i) of Section 9(3) of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970] has resigned from the Board of Directors of the Bank with immediate effect owing to personal reasons as per his letter of Resignation dated 02/03/2018. The Board of the Bank has taken note of the resignation and a communication to the effect is being sent to Government of India.
The above information is a part of company’s filings submitted to BSE.
