PNB ex MD sacked by government


Usha Ananthasubramanian the ex MD and CEO of Punjab National Bank who was divested of her powers three months ago due to the Rs 14,000/ crore fraud has been dismissed by the government. She then moved to Allahabad Bank.

The government has also given permission to prosecute both Usha and Sanjiv Sharan the Executive Director.This is part of a clean up exercise in the system. The Reserve Bank of India had also given permission to prosecute Ms Usha and Mr Sharan.However the government is yet to take a decision on the prosecution of another Executive Director K.V.Brahmaji Rao whose name also figured in the CBI chargesheet.



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