Syndicate Bank informs about appointment of executive director

Syndicate Bank 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 Nationalized Banks (Management & Miscellaneous Provisions) Scheme, 1970/1980, the Central Government vide its notification dated September 15, 2016, has appointed Ch S S Mallikarjuna Rao as Executive Director of the Bank for a period of 3 years with effect from the date of his taking over charge of the post or until further orders, whichever is earlier. Ch S S Mallikarjuna Rao has assumed charge as Executive Director of the Bank on September 15, 2016.

The above information is a part of company’s filings submitted to BSE.