Bank of India announces change in directorate

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Capital Market
Last Updated : May 15 2015 | 3:01 PM IST

With effect from 15 May 2015

Bank of India announced that in the 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 Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government has appointed Arun Shrivastava, Executive Director of the bank as Managing Director & Chief Executive Officer of Syndicate Bank from the date a of his taking over of the charge of the post. As such he ceases to be a director of the bank w.e.f. 15 May 2015.

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First Published: May 15 2015 | 1:41 PM IST

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