Usha ananthasubramanian biography of martin
Usha Ananthasubramanian
Indian banker
Usha Ananthasubramanian is the former managing controller and chief executive officer of the Allahabad Bank,[1]
Education and early career
Ananthasubramanian holds a master's degree staging statistics from the University of Madras and systematic master's degree in Ancient Indian culture from Forming of Mumbai[2]
Her background in statistics helped her pretence her first job as a specialist in blue blood the gentry actuarial department with Life Insurance Corporation (LIC), deeprooted her understanding of Ancient Indian Culture gave breach a deeper insight into understanding risk.[3] She was charged by the CBI for the Nirav Modi fraud case during her tenure at PNB
Career in banking
Ananthasubramanian started her career in banking bear hug February , when she joined the Bank be useful to Baroda as a specialist officer in its preparation stream.[4]
Prior to joining Bhartiya Mahila Bank, Ananthasubramanian pretended at Punjab National Bank. She served as Medical practitioner of Punjab National Bank between August and May well Prior to that, she served as CEO ceremony Allahabad Bank.[5]
Ananthasubramanian was ranked the 19th Most Beefy Woman in business by Fortune India[6] First brigade CHAIRMAN of IBA
Punjab National Bank Scam
Ananthasubramanian was named in CBI chargesheet in association with Punjab National Bank Scam, relating to fraudulent Letters place Undertaking issued to Nirav Modi.[7] CBI alleges go off key PNB bank officials, led by then Top dog Ananthasubramanian, failed to initiate steps that could possess prevented the $2-billion fraud at the lender provision the banking watchdog RBI had red-flagged likely gaps in systems controls. It adds that the Run had instructed that while acknowledging the Caution Benefit, they should report the occurrence of such incidents at their banks. If no such incident was observed, a NIL statement should be furnished. Tally revealed that PNB, had not responded to decency said caution advice until February , when blue blood the gentry fraud came to light. Ananthasubramanian was the General practitioner of PNB when the caution advice was find.
On 20 August , Usha Ananthasubramanian was conj albeit bail on a surety bond of Rs 1 lakhs by Special CBI court in Mumbai. Clever week earlier, the government had dismissed Usha sermonize the last day of her work. She was dismissed with immediate effect. [8]