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Indian Overseas - Change in Directors

By Religare

Indian Overseas Bank has informed BSE that the Government of India, vide its notification dated January 24, 2014 and in exercise of the powers conferred by clause (e) of sub-section (3) of section 9 of The Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970/1980, read with sub-clause(1) & (2) of clause 9 of The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Shri. R. Sompath Kumar, as Workmen Employee Director on the Board of Directors of the Bank with effect from January 24, 2014 for a period of three years or until he ceases to be a Workmen Employee of the Bank or until further orders, whichever is the earliest.

Read more about: indian overseas bank
Story first published: Tuesday, January 28, 2014, 22:31 [IST]
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