Indian Bank has announced that in exercise of the powers conferred by Clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition & 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 and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government, after consultation with the Reserve Bank of India, vide notification dated December 27, 2011, has appointed B. Raj Kumar, General Manager, Andhra Bank as Executive Director, Indian Bank with effect from the date of his taking charge of the post on or after January 01, 2012 till May 31, 2015 i.e. the date of his superannuation or until further orders, whichever is earlier.
B. Raj Kumar took charge as Executive Director of the Bank on January 01, 2012.
Further Company has informed that, V. RamaGopal, Executive Director of the Bank has retired from the services of the Bank on superannuation on December 31, 2011.