M. V. NAIR GETS EXTENSION TILL MARCH 2012

The Central Government has approved the extension of Mr M. V. Nair, as Chairman and Managing Director, Union Bank of India, for a year till March 31, 2012. The bank is yet to receive the government notification, said an official from the bank. Mr Nair had completed his five-year term as CMD on March 31, 2011, but he had not completed 60 years of age. He was first granted an extension of three months till June 2011. With this extension Mr Nair will complete six years as CMD Union Bank of India. He had taken charge as head of the bank in April 2006.

SOURCE: http://www.thehindubusinessline.com/industry-and-economy/banking/article2093875.ece