Change in Directorate
In exercise of the powers conferred by clause (h) of sub-section (3) and sub-section (3-A) of section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/80 read with sub-clause (1) of clause (3) of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government, vide its Notification in F No.6/1/2015-BO.I dated 27th December 2017, has nominated SHRI SIVARAMAN ANANT NARAYAN... Credit Rating
The Credit Rating Agency, M/s. CARE Ratings Limited (CARE) has reviewed the rating for our AT1 Bonds of Rs.1000 crore issued during February 2015, on the basis of recent developments including losses made by the Bank during H1FY18 which adversely impacted the distributable reserves and the possible impact of the same on the credit risk profile of the instrument.... Updates
In terms of RBI Circular Ref:DBR.DP.BC.No.63/21.04.018/2016-17 dated 18.04.2017, we have disclosed the divergences in the Asset Classification and Provisioning for NPAs in the Notes to Accounts for the year 2016-17 with a footnote stating that 'The Bank has represented and furnished requisite and adequate clarification to reduce the divergence in Gross NPA and divergence in provisioning observed by RBI' as the Bank had represented to RBI in this... Appointment of Statutory Auditor/s
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), we furnish the details of changes in Statutory Central Auditors of the Bank for the year 2017-18. Retiring Audit Firms S No. Name of the Retiring Audit Firms 1 M/s. Vardhaman & Co., Chennai 2 M/s. ASA & Associates LLP, New Delhi... Fixation Of Record Date For Payment Of Coupon On 9.00% - Upper Tier II Bonds - Series IV - ISIN: INE 565A09223
Fixation of Record Date for Payment of coupon on 9.00% - Upper Tier II Bonds - Series IV - ISIN: INE 565A09223 With reference to the above, the payment of coupon is due on 10.01.2018. We have fixed 26.12.2017 as RECORD DATE to ascertain the details of Beneficiaries. Please take this intimation in your records. IOB officials helped Chidambaram's relative to grab hotel: CBI
CBI said on basis of its findings, it had registered a preliminary enquiry (PE) on November 29 after obtaining approval from the competent authority to look into these aspects Change in Directorate
In terms of Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (LODR), we advise that Shri Niranjan Kumar Agarwal, Shareholder Director of our Bank, demitted office on 07.12.2017 on completion of his term of office. In this connection, we enclose Format for Continuous Disclosure Requirements in terms of Regulation 30 of SEBI (LODR) Regulation, 2015. We request you to take the above information on your record. Change in Directorate
We refer to our Letter IRC/216/2017-18 dated 29.11.2017, informing you of the Election of 1. Shri Sanjay Rungta and 2. Shri Navin Prakash Sinha as Directors from amongst shareholders of the Bank, other than Central Government, The above two directors assumed office today i.e., 08.12.2017 and will hold office for a period of three years, till 07.12.2020.... Change in Directorate
In terms of Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (LODR), we advise that Shri Sanjay Rungta, Shareholder Director of our Bank, demitted office on 07.12.2017 on completion of his term of office. In this connection, we enclose Format for Continuous Disclosure Requirements in terms of Regulation 30 of SEBI (LODR) Regulation, 2015. We request you to take the above information on your record. NCLT Bench quashes 75% vote requirement
Indian Overseas Bank, Central Bank of India and Bank of Maharashtra resisted resolution plan citing the 75% vote share clause