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PNB scam fallout: As ordered, Allahabad Bank divests Chief Executive Usha Ananthasubramanian of all powers
Business

PNB scam fallout: As ordered, Allahabad Bank divests Chief Executive Usha Ananthasubramanian of all powers

Allahabad Bank's Board has divested 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 the PNB fraud case.

Nirav Modi scam: CBI arrests Punjab National Bank general manager in 11,400 cr fraud case
India

Nirav Modi scam: CBI arrests Punjab National Bank general manager in 11,400 cr fraud case

CBI said that it has arrested a general manager rank officer of the Punjab National Bank in connection with the Rs 11,300 crore Nirav Modi fraud case.

Rot in PSBs Part 1: Beyond PNB fraud, a deeper malaise lies in India’s state-run banks gifting them a slow death
India

Rot in PSBs Part 1: Beyond PNB fraud, a deeper malaise lies in India’s state-run banks gifting them a slow death

Starting today, Firstpost will publish a multi-part series that examines the serious structural problems that have engulfed India's state-run banks and the likely course of this industry, which constitutes 70 percent of India's banking sector assets