Al­la­habad Bank's ex-MD dis­missed

India Business Journal - - NEWS ROUND-UP -

Nearly three months af­ter Al­la­habad Bank di­vested its MD and CEO Usha Anan­tha­sub­ra­ma­nian from all func­tional re­spon­si­bil­i­ties, the gov­ern­ment last month dis­missed her from ser­vice, ac­cord­ing to an of­fi­cial no­ti­fi­ca­tion. Ms Anan­tha­sub­ra­ma­nian is the former CEO and MD of scam-hit Pun­jab Na­tional Bank. She was named in a CBI chargesheet in the Rs 14,000-crore PNB fraud case but had con­tin­ued to be an em­ployee of the bank. She was to su­per­an­nu­ate last month but has been dis­missed from ser­vice be­fore her re­tire­ment. The gov­ern­ment has also given per­mis­sion to CBI to pros­e­cute Ms Anan­tha­sub­ra­ma­nian.

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