Allahabad Bank

CBI conducts searches in Odisha, Uttarakhand in Rs 140-crore loan fraud case

"Searches were conducted at the property of the accused in Cuttack and in Dehradun. Further investigation is continuing," said a CBI officer.

published on : 25th November 2021

Delhi HC seeks Centre's stand on banker's challenge to dismissal from service

Usha Ananthasubramanian was dismissed in August 2018, from Allahabad Bank on the allegation that she failed to exercise proper control over the functioning of PNB while serving as MD of the bank.

published on : 12th November 2021

Nirav Modi scam: PNB, Allahabad Bank boards may decide on further action against senior officials

Soon after Central Bureau of Investigation (CBI) filed charge sheet in May pointed involvement of top officials of banks, PNB's board decided to divest two executive directors of all powers.

published on : 22nd July 2018

Allahabad Bank divests its CEO Usha Ananthasubramanian of all powers

Yesterday, the finance ministry had asked the boards of Allahabad Bank and PNB to take action against Ananthasubramanian and two executive directors of PNB.

published on : 15th May 2018

Punjab National Bank fraud: Scam now close to USD 2 billion; CBI questions Allahabad Bank MD

The PNB, in a late night filing to stock exchanges, said the scam has swelled by USD 204.25 million.

published on : 27th February 2018

Banking fraud subdues risk-taking appetite, equities close lower

The wider Nifty50 of the National Stock Exchange shed 73.90 points or 0.71 per cent to close at 10,378.40 points. 

published on : 19th February 2018

PNB fraud: Allahabad Bank has USD 366.87 million outstanding exposure

Punjab National Bank (PNB), the country's second largest public sector bank, had detected the $1.8 billion fraud in one of its branches in Mumbai.

published on : 16th February 2018

Punjab National Bank identifies lenders over LoU's issued in Nirav Modi fraud case

The fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of Punjab National Bank (PNB) were in favour of Hong Kong branches of Allahabad Bank and Axis Bank.

published on : 15th February 2018