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Friday, December 15, 2000

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New Indian Bank ED

CHENNAI: Mr M.B.N. Rao has assumed charge as Executive Director of Indian Bank. Previously, he was General Manager of the bank. Mr Rao joined the bank as an officer in 1970. He headed Indian Bank's operations in Singapore for over four years and was inst rumental in Indian Bank, Singapore becoming the first SWIFT member from among banks in South Asia, according to a press release.

As General Manager, Mr Rao handled the credit, inspection, audit, vigilance, strategy, accounts and information technology functions. -- Our Bureau

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