General Announcement::APPOINTMENT OF SHRI RAKESH SHARMA AS MD&CEO - CANARA BANK

Issuer & Securities

Issuer/ Manager
CANARA BANK
Securities
CANARABANKUS$250M6.365%N211128 - XS0276148847 - 7TSB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Sep-2015 13:35:50
Status
New
Announcement Sub Title
APPOINTMENT OF SHRI RAKESH SHARMA AS MD&CEO - CANARA BANK
Announcement Reference
SG150911OTHRYFDZ
Submitted By (Co./ Ind. Name)
B NAGESH BABU
Designation
AGM & COMPANY SECRETARY
Effective Date and Time of the event
14/09/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
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, has appointed Shri Rakesh Sharma, MD&CEO of Lakshmi Vilas Bank Ltd., as MD&CEO of Canara Bank, for a period of three years with effect from the date of his assumption of charge of the post or upto 31.07.2018 ie.,till the date of his superannuation on attaining 60 years of age of or until further orders, whichever is earliest, vide notification No. F.No. 4/2/2015-BO-I, dated 14th August, 2015.

The appointment is subject to outcome of Writ Petition (C ) No. 225 of 2015 in the Supreme Court in the matter of K.D. Khera Vs Union of India & Others.

He has taken charge as Managing Director & CEO of the Bank w.e.f. 11.09.2015.

This is for your information.

Attachments

Canara11092015.pdf
Total size =251K