On 10 June 2015
Indian Bank announced that pursuant to appointment of T. M. Bhasin, Managing Director & CEO of the Bank as Vigilance Commissioner in Central Vigilance Commission by the Hon'ble President of India, T. M. Bhasin demitted his office at the close of office hours on 10 June 2015. The Ministry of Finance, Government of India has accepted the request of T. M. Bhasin to demit his office as Managing Director & CEO of Indian Bank.In his place, Mahesh Kumar Jain, Executive Director of the Bank is entrusted the additional charge of the Managing Director & CEO of the Bank for a period of three months with immediate effect or till date of appointment of regular MD & CEO or until further order, whichever is the earliest, vide Government of India order dated 10 June 2015.
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