Allahabad Bank announced that the Central Government in exercise of the powers conferred by clause (a) of Sub section 3 of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 read with sub paragraph (1) of paragraph 8 of the Nationalized Banks (Management & Miscellaneous Provisions) Scheme, 1970, vide their Notification No. F. No. 4/2/2018-BO.I dated 19 September 2018 have appointed Shri.

Ch. S.S. Mallikarjuna Rao, Executive Director, Syndicate Bank as Managing Director & Chief Executive Officer (MD & CEO) in Allahabad Bank for a period of three years with effect from the date of assumption of office and or until further orders, whichever is earlier. Accordingly, Shri.

Ch. S.S. Mallikarjuna Rao has assumed office of MD & CEO of the Bank on September 19, 2018. Prior to joining the bank, he was Executive Director of Syndicate Bank with effect from September 15, 2016.

He has been a professional banker for over 33 years having held position as General Manager & CFO in Oriental Bank of Commerce. He had also worked as Assistant Vice President in erstwhile Global Trust Bank before joining OBC.