Indian Overseas Bank changes directorate

Indian Overseas Bank has informed that the government of India, vide its notification dated December 28, 2011 and 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 and miscellaneous provisions) scheme, 1970/1980, has appointed A.D.M Chavali as executive director of the bank with effect from the date of his taking over charge of the post that is December 28, 2011. He shall, as per the notification, hold office up to October 31, 2014 that is the date of his superannuation or until further orders, whichever is earlier.

The above information is part of the company’s filing submitted to the BSE.