Allahabad Bank announced 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 & Transfer of Undertakings) Act 1980 read with sub paragraph (1) of paragraph 8 of the Nationalized Banks (Management & Miscellaneous Provisions) Scheme 1980, vide their Notification No. F. No. 4/2/2018-BO.I dated September 19, 2018 have appointed Shri. S. Harsankar, Executive Director of Allahabad Bank, as Managing Director & Chief Executive Officer (MD & CEO) in Punjab & Sind Bank with effect from the date of assumption of office. In terms of Government of India aforesaid Notification, Shri. S. Harisankar has assumed the Office of MD & CEO of Punjab & Sind Bank on September 19, 2018 and accordingly has ceased to be the Executive Director of the company with effect from September 19, 2018.