IOB
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2010
WAT IS THE FUTURE OF THIS SHARE
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2010
BOARD OF DIRECTORS
CONSTITUTION:
The Constitution of the Board of the Bank is governed by “The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, formulated by the Central Government, after consultation with the Reserve Bank of India, in exercise of the powers conferred by section 9 of “The Banking Companies (Acquisition and Transfer of Undertakings) Ac, t 1970”.
COMPOSITION:
The Composition of the Board of Directors of a Bank is governed by “The Nationalised Banks (Management and Miscellaneous Provisions) Scheme 1970” read with “The Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act 2006” and amendment to the vide Extraordinary Gazette Notification dated 19.02.2007 of the Central Government.
CONTRIBUTION:
In terms of The Banking Companies (Acquisition and Transfer of Undertakings Act 1970, the General Superintendence, Direction and Management of the affairs and business of the Bank vests in the Board of Directors which is entitled to exercise all such powers and do all such acts and things as the Bank is authorized to exercise and do.
STRENGTH OF THE BOARD :
Presently, there are 12 Directors on the Board of the Bank. Brief Particulars of each of the directors are placed below:
Shri. M.Narendra
Chairman and Managing Director
Shri M Narendra took charge as Chairman and Managing Director of Indian Overseas Bank on 1st November 2010.
Shri M Narendra joined Corporation Bank as an officer trainee in 1975 and was in this Bank till 5th November 2008. He was appointed by Government of India as Executive Director, Bank of India, on 6th November 2008 and held this position, till his present assignment at Indian Overseas Bank.
Shri Narendra has traveled widely both within the country and outside. He has undergone various training programmes including workshops/seminars at BTC, IIM-Ahmedabad and Bangalore, NIBM and Australian Institute of Banking & Finance.
Shri Narendra secured various Corporate Awards instituted by Corporation Bank such as Chairman’s Club Membership recipient for 8 consecutive years from 1984-85 to 1990-91, SoGian Award and Regional Leadership Award.
Known for his conceptual clarity, communication skills and ability to build strong result oriented teams Shri Narendra has been one of the key members of the Teams to implement Organisational Transformation Projects in both Corporation Bank and Bank of India.
In his capacity as Executive Director of Bank of India, he was the nominee director on the Board of Indo Zambia Bank Limited, Lusaka, Zambia, a joint venture Commercial Bank between 3 Indian Public Sector Banks and Government of Zambia.
He is a member of (i) Technical Advisory Committee on Money, Foreign Exchange & Government Securities Market constituted by Reserve Bank of India and (ii) Standing Committee on Risk Management & Basel II Implementation constituted by Indian Banks Association.
Smt.Nupur Mitra
Executive Director
DOB: 08.12.1952
Qualifications: B.Sc., LLB
Appointed on: 07.12.2009
Term ends on: 31.12.2012
(Date of Superannuation)
AT BANK OF INDIA
Smt.Nupur Mitra started her career with Bank of India in Lucknow as Direct Recruit Officer in the year 1975. During her service spanning over 34 years, she served the Bank of India in various capacities at the branches and its Zonal Offices.
She moved over to head London Branch on overseas assignment in mid 2001. Her overseas tenure in London and thereafter as Chief Executive of Europe operations was the most satisfying part of her career in terms of business and contribution.
After an exemplary overseas stint, back in the Motherland, she headed the Mumbai and Chandigarh Zones of the Bank. As General Manager at the Corporate Office she was in charge of Credit, SME, Retail Banking (Deposit & Advances), Card Products, Public Relations, Depository Services, etc.
Smt. Nupur Mitra was the General Manager of Bank of India before her appointment in IOB as its Executive Director.
Shri A.K. Bansal
Executive Director
DOB: 22.05.1953
Qualifications: Post Graduate in Agriculture, CAIIB - Part I
Shri A.K. Bansal has taken charge as Executive Director of Indian Overseas Bank on 1st September 2010.
Born on 22nd May 1953, Shri A. K. Bansal is a Post Graduate in Agriculture from the renowned G B Pant Agriculture University, Pant Nagar, Nainital and recipient of ICAR Junior Research Scholarship. He joined Union Bank of India as Agricultural Field Officer at the age of 23 years in the year 1976. He was awarded Super Achiever and Star Performer status by the Bank in the year 1994 for his outstanding performance at the first Specialized SSI Branch of the bank at Ahmedabad.
Shri Bansal was also conferred with the Chairman Club Membership by the Chairman & Managing Director of the Bank as recognition of his outstanding performance in the very first year of implementation of the scheme.
While heading the largest branch of the bank i.e. Mumbai Samachar Marg Branch at Mumbai, considered to be a jewel in the crown amongst all the branches of the bank, he took the branch to new heights reaching a total business mix of Rs.15,000 crores within a period of 3 years – an increase of 400% from the time of taking charge. He was also the driving force for setting up the Capital Market Cell at Mumbai and establishing the Bank’s first museum at M S M branch in Mumbai.
On his promotion as General Manager on 1st January 2008, he was entrusted with one of the most challenging and coveted assignments of the Bank i.e. Field General Manager, North Zone, which not only had the unique distinction of total business of more than Rs. 50000 crores but also a vast network of 297 branches and 7 Regional Offices spread over 6 states including NCR Delhi wherein business of the Zone doubled in less than 2 years time.
With the bank’s transformation to three tier structure Shri Bansal was posted as General Manager at Support Services Department, Central Office overseeing opening of new branches, maintenance division and handling the premises matters of the entire Bank.
Shri Bansal is a Committee Member in the Apex Advisory Committee Meeting of SIDBI Innovation and Incubation Centre (SIIC) in IIT Kanpur.
He is happily married with two sons who are settled in the USA.
Dr. Vinita Kumar
Government Nominee Director
DOB : 25.12.1954
Qualifications : MA (Economics) Ph. D., Indian Economic Service (1977)
Nominated by GOI on: 10.06.2008 and will continue until further orders
Dr Vinita Kumar, is presently the Economic Adviser, Department of Financial Services, Ministry of Finance, New Delhi.
She has published books on the following topics.
Economic Growth and Rural Poverty –The Indian Experience (1960-1995)
Learning to Share : Experience and Reflections on Participatory Rural Appraisal and Community participation.
Shri.S.V.Raghavan
RBI Nominee Director
DOB : 19.11.1953
Qualifications : B.Sc., M.B.M., CAIIB, M.A
Nominated by GOI on: 30.07.2010 and will continue until further orders.
Shri.S.V.Raghavan joined RBI in 1982 and has worked in the Department of Banking Supervision, Department of Non-Banking Supervision, Banking Department and Issue Department at various Regional Offices of RBI and in the Department of Currency Management and Department of Banking Supervision at RBI’s Central Office in Mumbai. Currently, he is chief General Manager – in-Charge of Department of Government and Bank Accounts at RBI’s Central Office in Mumbai.
Shri. Sridhar Lal Lakhotia
Workmen employee Director
DOB: 11.10.1953
Qualification: B Com.
Appointed by GOI on : 09.08.2010
Term ends on : 08.08.2013 or until he ceases to be a workmen employee of the Indian Overseas Bank or until further orders whichever is the earliest.
Shri. Sridhar Lal Lakhotia, joined the Bank on 22.07.1975 and is having more than 35 years of banking experience in IOB. He is presently a Special Cadre Assistant attached to Kolkata-Chowringhee
BOARD OF DIRECTORS
CONSTITUTION:
The Constitution of the Board of the Bank is governed by “The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, formulated by the Central Government, after consultation with the Reserve Bank of India, in exercise of the powers conferred by section 9 of “The Banking Companies (Acquisition and Transfer of Undertakings) Ac, t 1970”.
COMPOSITION:
The Composition of the Board of Directors of a Bank is governed by “The Nationalised Banks (Management and Miscellaneous Provisions) Scheme 1970” read with “The Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act 2006” and amendment to the vide Extraordinary Gazette Notification dated 19.02.2007 of the Central Government.
CONTRIBUTION:
In terms of The Banking Companies (Acquisition and Transfer of Undertakings Act 1970, the General Superintendence, Direction and Management of the affairs and business of the Bank vests in the Board of Directors which is entitled to exercise all such powers and do all such acts and things as the Bank is authorized to exercise and do.
STRENGTH OF THE BOARD :
Presently, there are 12 Directors on the Board of the Bank. Brief Particulars of each of the directors are placed below:
Shri. M.Narendra
Chairman and Managing Director
Shri M Narendra took charge as Chairman and Managing Director of Indian Overseas Bank on 1st November 2010.
Shri M Narendra joined Corporation Bank as an officer trainee in 1975 and was in this Bank till 5th November 2008. He was appointed by Government of India as Executive Director, Bank of India, on 6th November 2008 and held this position, till his present assignment at Indian Overseas Bank.
Shri Narendra has traveled widely both within the country and outside. He has undergone various training programmes including workshops/seminars at BTC, IIM-Ahmedabad and Bangalore, NIBM and Australian Institute of Banking & Finance.
Shri Narendra secured various Corporate Awards instituted by Corporation Bank such as Chairman’s Club Membership recipient for 8 consecutive years from 1984-85 to 1990-91, SoGian Award and Regional Leadership Award.
Known for his conceptual clarity, communication skills and ability to build strong result oriented teams Shri Narendra has been one of the key members of the Teams to implement Organisational Transformation Projects in both Corporation Bank and Bank of India.
In his capacity as Executive Director of Bank of India, he was the nominee director on the Board of Indo Zambia Bank Limited, Lusaka, Zambia, a joint venture Commercial Bank between 3 Indian Public Sector Banks and Government of Zambia.
He is a member of (i) Technical Advisory Committee on Money, Foreign Exchange & Government Securities Market constituted by Reserve Bank of India and (ii) Standing Committee on Risk Management & Basel II Implementation constituted by Indian Banks Association.
Smt.Nupur Mitra
Executive Director
DOB: 08.12.1952
Qualifications: B.Sc., LLB
Appointed on: 07.12.2009
Term ends on: 31.12.2012
(Date of Superannuation)
AT BANK OF INDIA
Smt.Nupur Mitra started her career with Bank of India in Lucknow as Direct Recruit Officer in the year 1975. During her service spanning over 34 years, she served the Bank of India in various capacities at the branches and its Zonal Offices.
She moved over to head London Branch on overseas assignment in mid 2001. Her overseas tenure in London and thereafter as Chief Executive of Europe operations was the most satisfying part of her career in terms of business and contribution.
After an exemplary overseas stint, back in the Motherland, she headed the Mumbai and Chandigarh Zones of the Bank. As General Manager at the Corporate Office she was in charge of Credit, SME, Retail Banking (Deposit & Advances), Card Products, Public Relations, Depository Services, etc.
Smt. Nupur Mitra was the General Manager of Bank of India before her appointment in IOB as its Executive Director.
Shri A.K. Bansal
Executive Director
DOB: 22.05.1953
Qualifications: Post Graduate in Agriculture, CAIIB - Part I
Shri A.K. Bansal has taken charge as Executive Director of Indian Overseas Bank on 1st September 2010.
Born on 22nd May 1953, Shri A. K. Bansal is a Post Graduate in Agriculture from the renowned G B Pant Agriculture University, Pant Nagar, Nainital and recipient of ICAR Junior Research Scholarship. He joined Union Bank of India as Agricultural Field Officer at the age of 23 years in the year 1976. He was awarded Super Achiever and Star Performer status by the Bank in the year 1994 for his outstanding performance at the first Specialized SSI Branch of the bank at Ahmedabad.
Shri Bansal was also conferred with the Chairman Club Membership by the Chairman & Managing Director of the Bank as recognition of his outstanding performance in the very first year of implementation of the scheme.
While heading the largest branch of the bank i.e. Mumbai Samachar Marg Branch at Mumbai, considered to be a jewel in the crown amongst all the branches of the bank, he took the branch to new heights reaching a total business mix of Rs.15,000 crores within a period of 3 years – an increase of 400% from the time of taking charge. He was also the driving force for setting up the Capital Market Cell at Mumbai and establishing the Bank’s first museum at M S M branch in Mumbai.
On his promotion as General Manager on 1st January 2008, he was entrusted with one of the most challenging and coveted assignments of the Bank i.e. Field General Manager, North Zone, which not only had the unique distinction of total business of more than Rs. 50000 crores but also a vast network of 297 branches and 7 Regional Offices spread over 6 states including NCR Delhi wherein business of the Zone doubled in less than 2 years time.
With the bank’s transformation to three tier structure Shri Bansal was posted as General Manager at Support Services Department, Central Office overseeing opening of new branches, maintenance division and handling the premises matters of the entire Bank.
Shri Bansal is a Committee Member in the Apex Advisory Committee Meeting of SIDBI Innovation and Incubation Centre (SIIC) in IIT Kanpur.
He is happily married with two sons who are settled in the USA.
Dr. Vinita Kumar
Government Nominee Director
DOB : 25.12.1954
Qualifications : MA (Economics) Ph. D., Indian Economic Service (1977)
Nominated by GOI on: 10.06.2008 and will continue until further orders
Dr Vinita Kumar, is presently the Economic Adviser, Department of Financial Services, Ministry of Finance, New Delhi.
She has published books on the following topics.
Economic Growth and Rural Poverty –The Indian Experience (1960-1995)
Learning to Share : Experience and Reflections on Participatory Rural Appraisal and Community participation.
Shri.S.V.Raghavan
RBI Nominee Director
DOB : 19.11.1953
Qualifications : B.Sc., M.B.M., CAIIB, M.A
Nominated by GOI on: 30.07.2010 and will continue until further orders.
Shri.S.V.Raghavan joined RBI in 1982 and has worked in the Department of Banking Supervision, Department of Non-Banking Supervision, Banking Department and Issue Department at various Regional Offices of RBI and in the Department of Currency Management and Department of Banking Supervision at RBI’s Central Office in Mumbai. Currently, he is chief General Manager – in-Charge of Department of Government and Bank Accounts at RBI’s Central Office in Mumbai.
Shri. Sridhar Lal Lakhotia
Workmen employee Director
DOB: 11.10.1953
Qualification: B Com.
Appointed by GOI on : 09.08.2010
Term ends on : 08.08.2013 or until he ceases to be a workmen employee of the Indian Overseas Bank or until further orders whichever is the earliest.
Shri. Sridhar Lal Lakhotia, joined the Bank on 22.07.1975 and is having more than 35 years of banking experience in IOB. He is presently a Special Cadre Assistant attached to Kolkata-Chowringhee
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2010
General Meeting can be classified into three category:
A. Statutory Meeting
B. Annual General Meeting
C. Extraordinary Meeting
However, in Companies Act, Central Government/shareholders may also call general meeting under special circumstances.
Board of Directors of the company constitute different type committee and these committee call meeting on regular interval. Some of the regular meeting which hold in company are given below:
i. Board Meeting
ii. Audit Committee Meeting
iii. Remuneration Committee
iv. Share Transfer Committee
v. Securities Committee
vi. Finance Commottee
vii. ESOP Compensation Committee Meeting
viii. Investor Grivance Committee
General Meeting can be classified into three category:
A. Statutory Meeting
B. Annual General Meeting
C. Extraordinary Meeting
However, in Companies Act, Central Government/shareholders may also call general meeting under special circumstances.
Board of Directors of the company constitute different type committee and these committee call meeting on regular interval. Some of the regular meeting which hold in company are given below:
i. Board Meeting
ii. Audit Committee Meeting
iii. Remuneration Committee
iv. Share Transfer Committee
v. Securities Committee
vi. Finance Commottee
vii. ESOP Compensation Committee Meeting
viii. Investor Grivance Committee
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2010
LAST LOVE LETTER TO YOU
You're something special. Knew it from the moment I met you. Ya know, you were the only person in my life so far who has had a huge effect on me. Years have passed now, you've probably forgotten all about me. But I still think about you. I Think about how awkward and fun it would be if we met again, how much of loyal friend you'd be. How I'd be the happiest person alive if you told me you loved me.
I did some crazy things back when we were in school. Sending you corny love letters, hoping that you'd read it and realize I'm your soul mate, haha. You probably thought I was a creep. I know you won't ever read this. And even if you did read this, I'm sure you won't even realize that it's meant for you.
Either way, this is my last love letter to you.
I hope that your life is filled with happiness and love. That you have crazy fun and meet someone who can grasp just how amazing you are and treat you the way you should be treated. I hope that when some things in your life falls apart, someone is there to help you move on. It pains me to know that everything I've hoped for you might come true, and I won't be a part of any of it. But something about you hit home with me. You saw through my lies. You saw me. It scared the hell out of me, but I needed it. You made me want to be a better person. You didn't want me the way I wanted you, but you were good to me when I didn't deserve it.
So just know, where ever you are, that I'm rooting for you.
You're something special. Knew it from the moment I met you. Ya know, you were the only person in my life so far who has had a huge effect on me. Years have passed now, you've probably forgotten all about me. But I still think about you. I Think about how awkward and fun it would be if we met again, how much of loyal friend you'd be. How I'd be the happiest person alive if you told me you loved me.
I did some crazy things back when we were in school. Sending you corny love letters, hoping that you'd read it and realize I'm your soul mate, haha. You probably thought I was a creep. I know you won't ever read this. And even if you did read this, I'm sure you won't even realize that it's meant for you.
Either way, this is my last love letter to you.
I hope that your life is filled with happiness and love. That you have crazy fun and meet someone who can grasp just how amazing you are and treat you the way you should be treated. I hope that when some things in your life falls apart, someone is there to help you move on. It pains me to know that everything I've hoped for you might come true, and I won't be a part of any of it. But something about you hit home with me. You saw through my lies. You saw me. It scared the hell out of me, but I needed it. You made me want to be a better person. You didn't want me the way I wanted you, but you were good to me when I didn't deserve it.
So just know, where ever you are, that I'm rooting for you.
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