Bank of India has informed that in exercise of the powers conferred by clause (c) of sub- section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act,1970 read with sub-paragraph (1) of the paragraph 3 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, Government of India vide Notification eF.No.6/3/2011-BO.1 dated July 14, 2023, has nominated Ashok Narain (DOB:28.10.1962), as Director on the Board of Bank of India, in place of Subrata Das with immediate effect and until further orders. A brief profile of Ashok Narain is enclosed as an Annexure. The company has informed that Ashok Narain, RBI Nominee Director is not related to other Directors of the Bank. Further, it has informed that Subrata Das ceases to be Director on the Board of Bank of India with effect from July 14, 2023.
The above information is a part of company’s filings submitted to BSE.
