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| Exchange Disseminated Time 29/08/2015 16:37:23 | Bank of Baroda 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 and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of Clause 3 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 its notification dated August 24, 2015, has appointed Shri K. Venkata Rama Moorthy, Executive Director, Bank of Baroda as Executive Director, United Bank of India in the scale of pay of Rs. 65000 -78000/- with effect from the date of his assumption of the charge of the post and up to January 31, 2019 i.e. the date of his attaining the age of superannuation, or until further orders, whichever is earlier.
Accordingly, Shri K. Venkata Rama Moorthy has been relieved from Bank of Baroda on August 29, 2015 and therefore ceased to be Executive Director / Director of the Bank. |
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