M B N Rao takes over as CMD of Indian Bank

 Rao, an agriculture graduate, joined Indian Bank in 1970 as a probationary officer and acquired varied specialised qualifications in banking and computers.

 In 1973, he was posted a branch manager in Mumbai and since then served in different capacities at various branches and offices of the bank across the country.

 From 1992, for about two year, he served as chief vigilance officer, in the general manager