Bank of Baroda has announced that in exercise of the powers conferred by of sub section 3 (h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 of Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government has nominated Masarrat Shahid as part time, non official director on the board of Bank of Baroda, for a second term of three years with effect from 29 October 2009 or until further orders, whichever is earlier.
The company made this announcement during the trading hours today, 30 October 2009.