Oriental Bank of Commerce has informed BSE that pursuant to sub-section 3(b) of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/80 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme 1970/80, the Central Government has vide Notification dated January 16, 2017 nominated Shri. Prashant Goyal, Joint Secretary (Budget), Department of Economic Affairs, as Government Nominee Director on the Board of the Bank with immediate effect and until further orders, in place of Shri Arunish Chawla.