The government has nominated Sudha Krishnan, who is joint secretary in the expenditure department, as its nominee director on the board of Canara Bank.

“...the central government, nominated Sudha Krishnan, Joint Secretary, Department of Expenditure, as government nominee director on the board of directors of Canara Bank with immediate effect and until further orders,” Canara Bank said in a filing to the BSE.

Krishnan would replace Thomas Mathew of the Department of Financial Services, Ministry of Finance, it added.

Shares of Canara Bank today closed at Rs 414.75 apiece on the BSE, down 2.53 per cent from the previous close.

(This article was published on November 20, 2012)
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