26th-Jul-2012 16:22Source: BSE

Punjab & Sind - Appointment of Director

Punjab & Sind Bank has informed BSE that Central Government, in exercise of the powers conferred by Clause (b) 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 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Shri. Rajat Sachar, Economic Advisor, Department of Financial Services, as Director of the Bank in place of Dr. A. Bhattacharya, until further orders, vide Government of India. Ministry of Finance, Department of Financial Services notification dated July 20, 2012.