ts
fufin qdler BankolBaroda
Date: 'l4h August 2015
No. BCC: ISD/'l 07/'1 6/423
President
Ltd.,
Towers
DalalStreet
Mumbai - 400 001
BSE CODE- 532134
The vice
BSE
Phiroze Jeejeebhoy
E-mail : "com
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relationslabseindia.com'
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The Vice Prssident
National Stock Exchange of lndia Ltd.
Exchange Plaza,
Bandra Kurla Complex, Bandra (E)
Mumbai - 400 051
NSE CODE- BANKBARODA
Email : 'cmlistaanse.co.in"
Dear Sir / Madam,
Re: Bank of Baroda -Appoiniment of ('l) ilD & CEO and (2) Part Time Non-ofticial
Director as well as Non-Executive Chai]man by GOI -Reporting under Cl. 30 of LA
We advise as under in the captioned matter:
1.
Government of lndia vide NOli[igatje! Ref. F. No.4/2/201 5-BO.l Dated 14rh August 2015
has advised that in exercise of powe6 confened by clause(a) of suEsection (3) of
Section of the Banking Companies (Acquisition and Transfer of Undertakings) Act,
1970 read with sub-clause ('l) of clause 3 and sub-clause (1) of clause 8 of The
Nationalized Banks (Management and Miscellaneous Provisions) Scheme, '1970, the
Central Govemment, after consultation with the Reserve Bank of lndia, has appointed
Shri P.S. Javakumar, (DOB: 08.04.1962) MD & CEO, VBHC Value Home Pvt. Ltd as
MD & CEO. Bank of Baroda in the scale of pay of Rs.75,500-80,000/- for a period of
three years with effect from the date of his assumption of charge of the post, or until
further orders, whichever is earlier. lt is further advised that the appointment is subject
to outcome of Writ Petition (C) No.225 of 20'15 in the Supreme Court in the matter of
K.D. Khera Vs Union of lndia & Others, AND
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2.
Government of lndia vide Notification Ref. F.No.4/4/2015-8O. 1 Dated 14h August 2015
has advised that in exercise of powers conferred by clause(h) of sub-section (3) of
Section of the Banking Companies (Acquisition and Transfer of Undertakings) Act,
1970, read with sub-clause (1) of clause 3 and clause 5 of The Nationalized Banks
(Management and lvliscellaneous Provisions) Scheme, 1970, the Central Government,
after consultation with the Reserve Bank of lndia, has appointed Shri Ravi
Venkatesan, (DOB: 12.01.1963)
Executive Chairman in Bank of Baroda for a period of three years from the date of
notillcation of his appointment or until furlher orders, whichever is earlier. It is further
advised that the appointment is subject to outcome of Writ Petition (C) No.445 of 2015
in the Supreme Court in the matter of All lndia Bank Officers' Confederation Vs Union of
lndia & Others.
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as@
We request you to take note ofthe same under Clause 30 ofthe Listing Agreement.
Kindly upload the information on your website.
DGM
-
Company Secretary
& Compliance
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