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Allahabad Bank CEO divested of all powers

MUMBAI: The Board of state-owned Allahabad Bank on Tuesday divested its MD and CEO Usha Ananthasubramanian of all powers with immediate effect, following a directive from the Finance Ministry after she was named in the CBI’s chargesheet in PNB fraud case.

Mumbai, May 15

The Board of state-owned Allahabad Bank on Tuesday divested its MD and CEO Usha Ananthasubramanian of all powers with immediate effect, following a directive from the Finance Ministry after she was named in the CBI’s chargesheet in PNB fraud case. She was the CMD of PNB till May 2017. — PTI

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