Corporation Bank has announced that in exercise of powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 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, 1980, the Central Government, after consultation with the Reserve Bank of India, appointed Shri B. K. Srivastav, General Manager, Allahabad Bank, as Executive Director of the Corporation Bank with effect from the date of his taking over charge of the post till December 31, 2015 (date of his superannuation or until further orders, whichever is earlier). Accordingly, Shri B. K. Srivastav has assumed office as the Executive Director of the Bank on January 28, 2013.