Electrosteel Castings re-appoints Amrendra Verma as Independent Director

  • India Infoline News Service |
  • 06 Sep, 2021 |
  • 3:31 PM
Electrosteel Casting
Electrosteel Castings Limited has re-appointed Amrendra Prasad Verma as an Independent Director of the Company for the second term of five years with effect from December 22, 2021, at their 66th Annual General Meeting held on September 3, 2021.

The company said in a filing on Monday that Amrendra Prasad Verma is a Post Graduate of Patna University. He has over 32 years of experience in the banking sector. He joined the banking sector in the year 1975. During his career with State Bank of India (SBI), he held various Senior Executive positions like Business Head of Corporate Banking Group, General Manager-International Banking Division, Chief Credit & Risk Officer, etc.

During the year 2005-2009, Verma was deputed to SBI Capital Markets Limited (Investment banking outfit of SBI) as Managing Director & CEO. He also held the position of Deputy Managing Director & Group Executive of Mid Corporate Group of SBI during 2009-10. He retired as the Deputy Managing Director & Chief Credit & Risk Officer of the bank in December 2011, where he was in overall charge of the bank's risk management function. Thereafter he was an advisor with SBI till June 2012.

Towards close of trade on Monday, Electrosteel Castings Ltd was trading at Rs35.30 per piece down by Rs0.15 or 0.42% from its previous closing of Rs35.45 per piece on the BSE.

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