Sarkar ceases to be Allahabad Bank director

Allahabad Bank has informed BSE that Shri D. Sarkar ceased to be the director of the Bank.

The former Executive Director of the Bank has joined the Union Bank of India as Chairman and Managing Director of Union Bank of India with effect from April 01, 2012.

The notification was given pursuant to the directions by the Govt. of India, Ministry of Finance, Department of Financial Services.

Meanhwile, the bank has appointed Shri Tilak Raj Chawla as whole time director and designated as Executive Director of the Bank with effect from the date of his taking over charge of the post on or after April 01, 2012 till April 30, 2014 or until further order, whichever is earlier.

Accordingly, Shri T. R. Chawla has taken over the charge of Executive Director of the Bank with effect from April 01, 2012 and will hold office upto April 30, 2014 or until further order, whichever is earlier.

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