With immediate effect
Vijaya Bank announced that Government of India vide its notification dated 13 January 2017 has informed the Bank 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, 1970/1980 read with sub clause (1) of clause 3 of The Nationalized Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government, has nominated G P Borah, CGM Mumbai RO, Reserve Bank of India in place of Suma Varma as Director of the Bank with immediate effect and until further orders.Powered by Capital Market - Live News
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