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INDIANB - Indian Bank News Story

₹128.35 4.6  3.7%

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Mid Cap
Market Cap £1.35bn
Enterprise Value £2.82bn
Revenue £1.92bn
Position in Universe 240th / 3109

BRIEF-Indian Bank appoints Mahesh Kumar Jain as MD & CEO

Tue 3rd November, 2015 2:42am
Nov 2 (Reuters) - Indian Bank  INBA.NS : 
 * Appointed mahesh kumar jain as md & CEO for a period of three years 
* Source text: 
Indian Bank has informed BSE that in exercise of the powers conferred by clause 
(a) of sub-section 3 of Section 9 of the Banking Companies (Acquisition & 
Transfer of Undertakings) Act, 1970 / 1980, read with sub-clause (1) of Clause 
3, clause 6 and sub-clause (1) of clause 8 of the Nationalized Banks 
(Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central 
Government, after consultation with the Reserve Bank of India, vide 
Notification dated November 02, 2015, has appointed Shri. Mahesh Kumar Jain, 
Executive Director, Indian Bank as MD & CEO, Indian Bank, for a period of three 
years from the date of taking over the charge of the post or till the date of 
his superannuation or till further orders, whichever is earliest. Shri. Mahesh 
Kumar Jain assumed charge as MD & CEO of Indian Bank on November 02, 2015. 
* Further company coverage  INBA.NS  ((Bengaluru Newsroom; +91 80 6749 1130))
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