The Centre has allowed TM Bhasin,Chairman and Managing Director of Indian Bank, to serve at the helm of the bank for another 14 months.
Bhasin, whose five year term is to end on March 31, will now serve in the capacity of chief executive officer and managing director--and not as CMD-- of this chennai-based lender till May 2016--when he turns 60.
He was appointed as CMD of Indian Bank on April 1,2010 for a five year term.