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India moves to oust bank officials as accused named in PNB fraud case

Reuters  |  MUMBAI/NEW DELHI 

By Promit Mukherjee and Rajendra JadhavMUMBAI/NEW DELHI (Reuters) - India is taking steps to oust three bank executives, its banking secretary said on Monday, after police issued a list of people accused in the country's largest-ever bank fraud case.Banking secretary Rajiv Kumar told media that a government nominee on the board of state-run Allahabad Bank would call a meeting to seek the removal of the lender's chief executive Usha Ananthasubramanian, who previously headed fraud-hit Punjab National Bank (PNB).He also said state-run PNB had begun the process of removing two executive ...

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First Published: Mon, May 14 2018. 17:11 IST
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