Central Bank of India has informed BSE that in exercise of the powers conferred by clause (c) of the 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 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970/1980, Government of India, Ministry of Finance has, vide Notification dated March 13, 2014, nominated Shri Shekhar Bhatnagar, Regional Director-Kanpur, Reserve Bank of India as Director in place of existing Director- Shri Salim Gangadharan, on the Board of the Bank with immediate effect (i.e. from March 13, 2014) and until further orders. Accordingly, Shri Salim Gangadharan ceased to be the Director of the Bank w.e.f. March 13, 2014.
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