Allahabad Bank has informed BSE that, in exercise of the powers conferred by sub-section 3(h) and (3-A) of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, read with Sub clause (1) of Clause 3 of the Nationalized Banks (Management & Miscellaneous Provisions) Scheme, 1970, the Govt, of India, Ministry of Finance, Department of Financial Services vide their Notification dated January 28, 2016, have nominated Prof. Radha R. Sharma as Part-Time Non-Official Director on the Board of Directors of the Bank for a period of three years from the date of notification of her appointment or until further orders, whichever is earlier.
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