Delhi court summons ex-Allahabad Bank CMD Ananthasubramanian on RBI plaint

Court summon on RBI complaint against Ananthasubramanian, others for making false statements

A lower court in Delhi has summoned the former Managing Director (MD) and Chief Executive Officer (CEO) of Allahabad Bank Usha Ananthasubramanian and asked her to appear on May 24, the next date of hearing. The former top boss of the bank has been summoned by the Patiala House Court in Delhi on a complaint by the Reserve Bank of India (RBI) which has alleged that Ananthasubramanian and others did not follow the RBI’s guidelines on Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system and wilfully made wrong statement about the same. The complaint pertains to the period when