Union Ministry of Finance has directed Banks Board Bureau (BBB) to shortlist candidates for the post of Chief Executive Officer and Managing Director for public lender Allahabad Bank.
The above mentioned positions are lying vacant since the exit of Usha Ananthasubramanian.
“We have written to BBB to shortlist candidates for the vacant post of Managing Director and Chief Executive Officer at Allahabad Bank,” said a finance ministry official.
Post the completion of shortlisting procedure by BBB, the Appointments Committee of the Cabinet (ACC) will finalise the appointment.
Following the directives from the finance ministry, state-owned Allahabad Bank divested Ananthasubramanian of all powers on May 15. She was named in the Central Bureau of Investigation (CBI) charge sheet in the Punjab National Bank fraud case.
Ananthasubramanian was appointed as the MD and CEO of Punjab National Bank till May 2017.