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SBI extends deadline for filing nomination for directors' post to May 29

Applications were supposed to close today; elections for the posts to take place on June 15

Press Trust of India  |  New Delhi 

SBI, state bank, state bank of India, bank

Country's largest lender on Wednesday extended the last date for submission of nomination for appointment of four to its central board to May 29.

As per the original schedule, the last date for the submission of application was on Wednesday.

"The last date advised in the said (last) notice for submission of nomination form and the format of declaration and undertaking is extended to May 29 by 3 pm as against May 24, 2017 by 5 pm notified earlier," said in a public notice.

However, the reason for extension was not given in the notice.

The for the post of by shareholders will take place on June 15.

The has been necessitated after the resignation of Sunil Mehta and the expiry of the three-year-term of the three other directors -- Deepak Amin, Sanjiv Malhotra and MD Mallya, the had said in the previous notice.

The term of appointment for the four new directors will be for three years till 2020.

Any shareholder having not less than 5,000 shares either in his/her name or as first named holder when jointly held, is eligible to contest the

Led by chairman Arundhati Bhattacharya, who is on an extension till September, the central board of comprises four independent directors, two government nominees, one representative from the Reserve and also four of its managing directors.

Nomination form and the format of declaration and undertaking to be submitted by shareholders is available with the secretariat of the chief general managers at all the local head offices and the central board secretariat at the Corporate Centre of the in Mumbai.

If the total number of valid nominations exceeds four, there would be voting for the election at the general meeting.

First Published: Wed, May 24 2017. 16:28 IST