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Government extends tenure of three executive directors of Canara Bank, IOB

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The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara Bank mentioned

The authorities has prolonged the tenure of three executive directors of Canara Bank and Indian Overseas Bank for a interval of two years, the lenders mentioned on Monday.

The tenure of executive directors Debashish Mukherjee and Matam Venkata Rao has been prolonged for 2 years, or till additional orders, whichever is earlier past their at present notified phrases which expire on February 18, 2021 and October 8, 2020, respectively, Canara Bank mentioned in regulatory filings.

The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara Bank mentioned.

Chennai-headquartered Indian Overseas Bank (IOB) in a separate submitting mentioned the federal government has prolonged the time period of Ajay Kumar Srivastava as executive director for a interval of two years past his at present notified time period which expires on October 8, 2020, or till additional orders, whichever is earlier.

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