Allahabad Bank CEO Usha Ananthasubramanian loses all powers
The Allahabad Bank board on Tuesday stripped all functional responsibilities of the bank's MD and CEO Usha Ananthasubramanian with immediate effect. This comes after the Finance Ministry asked Allahabad Bank board to divest 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.