Allahabad Bank has informed BSE that in exercise of the powers conferred by clause (c) of sub-section 3 of section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, read with sub clause (1) of clause 3 of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970, the Govt. of India, Ministry of Finance, Department of Financial Services vide their Notification dated October 13, 2011, have nominated Shri A. Udgata, CGM-in-Charge, Reserve Bank of India, Urban Banks Department, Central Office, Mumbai as Director of the Bank under RBI Nominee Category, in place of Shri S. Ramaswamy, with effect from the date of Notification i.e. October 13, 2011, until further orders.
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