Punjab National Bank has informed BSE that Shri M. P. Singh, workmen employee director on the Board of the Bank appointed under clause (3)(e) 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 ceased to be director on the Board of the Bank and other Sub-committees of the Board w.e.f. January 27, 2013 on completion of his tenure of three years from the date of induction.Source : BSE
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