Govt asks Allahabad Bank to remove CEO charged in PNB case
The Finance Ministry has asked the Allahabad Bank board to divest MD and CEO Usha Ananthasubramanian of all powers after she was charged by the CBI in the Nirav Modi case. Ananthasubramanian had headed PNB between August 2015 and May 2017. Meanwhile, PNB was asked to remove executive directors Brahmaji Rao and Sanjiv Sharan, who were named in the chargesheet.