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| Exchange Received Time 18/07/2019 13:13:00 Exchange Disseminated Time 18/07/2019 13:13:05 Time Taken 00:00:05 | Please be informed that Board of Directors at their meeting held on 17th July 2019 approved the following: -
1) Appointment of Chief Risk Officer
In compliance with the Reserve Bank of India Circular dated May 16, 2019, Mr. Madhu Mohan, General Manager, has been appointed as the Chief Risk officer ('CRO') of the Company for a period of one year with effect from 17th July 2019.
2) Appointment of Mr. Abhijit Sen(DIN:00002593) as Additional Director of the Company
Board of Directors based on the recommendation of Nomination, Compensation and Corporate Governance Committee, has appointed Mr. Abhijit Sen(DIN:00002593) as Additional Director,
with effect from 17th July 2019 to hold office till the conclusion of the ensuing Annual General Meeting and subject to the approval of the members in the ensuing General Meeting, for appointment as Independent Director to hold office for a term up to five consecutive years.
The brief particulars of Mr. Abhijit Sen(DIN:00002593) is enclosed as Annexure A.
3. Increase the overall borrowing limit under Sec.180 of Companies Act 2013, from Rs.20,000 crore to Rs.25,000 crore, subject to shareholders' approval in the ensuing AGM.
Kindly take the same on your record.
Thanking you |
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