Ms. Ananthasubramanian was, three months back, divested of all her powers as MD of Allahabad Bank.
New Delhi: The Centre on Monday dismissed former managing director of scam-hit Punjab National Bank and Allahabad Bank, Usha Ananthasubramanian from service, according to a notification.
She was to superannuate on Monday but has been dismissed from the service.
Ms. Ananthasubramanian was, three months back, divested of all her powers as MD of Allahabad Bank, after being named in a CBI charge-sheet in the Rs 14,000 crore PNB fraud case but had continued to be an employee of the bank.
Ananthasubramanian had enjoyed leadership roles in PNB in two stints. She headed the bank between August 2015 and May 2017, before moving to Allahabad Bank. She was executive director at PNB from July 2011 to November 2013.
The charge sheet, filed in a special court in Mumbai in May, detailed the alleged role of Ms. Ananthasubramanian, who was the MD and CEO of PNB from 2015 to 2017 and was questioned by the CBI in connection with the case.