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 read with sub-paragraph (1) of paragraph 8 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, Indian Bank has informed that the Central Government has, vide Notification dated September 19, 2018, appointed A S Rajeev, Executive Director, Indian Bank as Managing Director & Chief Executive Officer in Bank of Maharashtra for a period of three years with effect from the date of assumption of office on or after December 1st, 2018, or until further orders, whichever is earlier. Accordingly, A S Rajeev has been relieved on November 30, 2018 for taking over the charge of the post in Bank of Maharashtra. This is in compliance to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
