Bank of Baroda has informed that, in exercise of the powers conferred by clause (a) of sub section 3 of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government after consultation with the Reserve Bank of India, vide its notification dated January 21, 2013, has appointed S. S. Mundra as chairman & managing director of bank of Baroda, with effect from the date of his taking over charge of the post till July 31, 2014, i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier.
Mundra has taken over charge of the post from January 21, 2013.
The above information is a part of company’s filings submitted to BSE.
