Allahabad Bank appoints Executive Director

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 Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Govt, of India, Ministry of Finance, Department of Financial Services, vide their Notification dated March 10, 2015, have appointed Shri N. K. Sahoo, General Manager Canara Bank, as Executive Director of Allahabad Bank, with effect from the date of his assumption of charge of the post and upto February 28, 2019, i.e. till the date of his attaining the age of superannuation or until further orders, whichever is earlier. Accordingly, Shri N. K. Sahoo has assumed office of Executive Director of the Bank on date i.e. March 12, 2015.

Shares of ALLAHABAD BANK was last trading in BSE at Rs.107.55 as compared to the previous close of Rs. 105.95. The total number of shares traded during the day was 168942 in over 2273 trades.

The stock hit an intraday high of Rs. 108 and intraday low of 106.1. The net turnover during the day was Rs. 18069945.

Source : Equity Bulls

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