Page 21 - Banking Finance June 2017

PRESS RELEASE
PRESS RELEASE
Shri. R. Subramaniakumar MD & CEO, Indian Overseas Bank

Prior to joining IOB, Shri. R. Subramaniakumar was Executive Director of Indian Bank since 22nd
January 2016. As Executive Director of Indian Bank, he was instrumental in bringing the business
transformation with introduction of Retail, MSME & other business verticals. He spearheaded Digi-
tal Banking transformation with new products & services. Earlier, Shri. R. S. Kumar joined Punjab
National Bank and served for more than three decades. During his stint in Punjab National Bank, he
lead the core banking implementation and technology initiatives of the Bank, along with BPR exer-
cise, and lead the "Pragati" - transformation exercise across HR, Alternate Channel, Technology, Retail,
MSME, New Business Initiatives, etc.

Allahabad Bank, Extra-

Ordinary General
Meeting of the

Shareholder

Allahabad Bank has, in an Extra-Ordinary
General Meeting of the Shareholders
of the Bank held on 17.05.2017 in
Kolkata obtained the approval of
Bank's shareholders for issue and allot
5,65,24,678 equity shares of the face value of Rs. 10.00 each at an issue price of Rs. 73.95 per share including premium
of Rs. 63.95 per share to the Government of India on preferential basis aggregating to Rs. 418.00 crore.

Review Meeting of all Zonal Heads of the Bank of Maharashtra
The constant faith of 15 million customers
and dedication of determined work force of
this organisation will expeditiously bring back
the strength and glory of the Bank said the
Managing Director & CEO of Bank of
Maharashtra Mr Ravindra Marathe. He was
addressing in the Review Meeting of all Zonal
Heads of the Bank held at its Head Office in
Pune. The representatives of Officers &
Employees unions were present in the
meeting have unequivocally assured to the
management for turnaround of the Bank.

Mr Marathe expected fast disposal of
retail loans like Home loans, Vehicle Loans
etc. He emphasized on recovery of loans
and suggested that procedures and
follow-ups should be made in time.
Executive Directors Mr. R. K. Gupta & Mr. In photo from left to right: General Manager Mr. Rajkiran Bhoir, General
A. C. Rout we represent for the meeting. Manager Mr. Nandkumar Pujari, Executive Director Mr. R. K. Gupta,Managing
On this occasion a booklet on Banks' Director and CEO Mr. Ravindra Marathe, Executive Director Mr A. C. Rout,
General Manager Mr. Narender Kabra & General Manager Mr. M. C. Kulkarni
Deposit Scheme has been published.

BANKING FINANCE | JUNE | 2017 | 21

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