Latest Markets Business BEEPS Earnings Personal Finance

Rakesh Sethi appointed new chairman, managing director of Allahabad Bank

NDTV Profit Desk
X
X

Allahabad Bank said in a regulatory filing on Wednesday that Rakesh Sethi has become its new chairman and managing director.

"Allahabad Bank has informed BSE that the Government of India...have appointed Rakesh Sethi as chairman and managing director of the bank with effect from the date of his taking over the charge," the filing said.

Mr Sethi will hold the position up to April 30, 2017 - the date of his superannuation or until further order, whichever is earlier, it said.

His taking over as the CMD of the bank comes to effect from Wednesday, it added.

Shares in Allahabad Bank, on Wednesday, ended at Rs 82 apiece on the BSE, down 1.68 per cent from the previous close.

lock-gif
Register for Free
to continue reading
Sign Up with Google
OR
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES
Beeps Img

NBCC Interim Dividend Announced — Check Amount, Record Date And Other Key Details

  • chevron-double-right NBCC reported a 26% rise in Q1 FY26 net profit to Rs 132.13 crore
  • chevron-double-right Q1 FY26 consolidated revenue increased 11.6% year-on-year to Rs 2,391.19 crore
  • chevron-double-right First interim dividend for FY26 declared at Rs 0.21 per equity share (21%)
More Beeps chevron-right

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Q1 Results Live: Grasim Industries Loss More Than Doubles; SBI Profit Up 12%, Garden Reach Profit Up 37%
2
BSNL Launches Re 1 Freedom Plan: Free SIM, 2GB Daily Data And More — Check Offer Details
3
Stock Market LIVE: Sensex Drops Over 500 Points, Nifty Declines As HDFC Bank, Airtel Share Prices Weigh
4
Gandhar Oil Share Price Jumps 7% Despite Company Reporting Bleak Q1 Performance
5
Quant Capital Sees Indian Markets Range-Bound — CIO Sandeep Tandon Explains Why