Union Bank of India has informed BSE that the Central Government, in exercise of the powers conferred by clause (a) of Sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 and sub-clause(1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, and after consultation with the Reserve Bank of India, has appointed Shri S. C. Kalia, Executive Director, Vijaya Bank, as Executive Director of Union Bank of India, from the date of his taking over charge of the post and up to August 31, 2011 i.e. the last day of the month in which he would attain the age superannuation or until further orders, whichever is earlier.
Shri S. C. Kalia has taken over charge as Executive Director of the Bank on November 21, 2009.