PNB rip-off fallout: Former Allahabad Financial institution CMD Usha Ananthasubramanian could possibly be sacked at the moment, says report

Former Allahabad Financial institution MD and Chief Government Usha Ananthasubramanian could possibly be requested to go, in keeping with a report.

Ananthasubramanian could possibly be faraway from service efficient 13 August, CNBC-TV18 reported.

The transfer, if executed this week, comes some three months after the board of state-owned Allahabad Financial institution divested Ananthasubramanian of all powers, following a directive from the finance ministry, issued after she was named within the Central Bureau of Investigation’s (CBI) chargesheet within the Punjab National Bank (PNB) fraud case.

In Could 2018, the finance ministry requested the boards of Allahabad Financial institution and PNB to take motion in opposition to Ananthasubramanian and two government administrators of PNB respectively.

Ananthasubramanian was the CMD of the Punjab Nationwide Financial institution until Could 2017.

With inputs from PTI

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