INDIAN OVERSEAS BANK - Change in Directorate

Indian Overseas Bank has informed BSE that the Government of India, vide its Notification dated March 10, 2015 and in exercise of the powers conferred by clause (a) of subsection (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 subclause (1) of clause 8 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Shri. Pawan Kumar Bajaj (General Manager, Bank of India) as Executive Director of the Bank with effect from the date of his taking over of the post. He shall, as per the notification, hold office up to the age of superannuation. (i.e. September 30, 2018)<BR><BR>Shri. Pawan Kumar Bajaj has taken over charge of the Bank as Executive Director on March 10, 2015.