PNB fraud: Government dismisses ex-MD Usha Anathasubramanian
14/08/2018 , by in ALLIED

The government today dismissed Usha Ananathasubramanian, who was three months ago divested of her powers as MD and CEO Allahabad Bank following the country's biggest bank fraud allegedly carried out by Nirav Modi and associates at PNBNSE 0.25 %. MD and CEO of Punjab National Bank before moving... Read more...

PMRDA to speed up third corridor of Pune
Aug 2018 , by in ALLIED

The state government has classified the Hinjewadi-Shivajinagar Metro corridor as a “vital project” in a recent notification. The notification, issued by the urban development department last month and entered into the government gazette two days ago, calls it a “vital important urban tran... Read more...

SBI posts losses for 3rd quarter in a row
Aug 2018 , by in ALLIED

State Bank of India (SBI) shocked investors with a third straight quarter of losses as it provided for bond losses upfront and forecast another quarter of pain as it awaits the resolution of a troubled asset, sending the stock down 3.8%. But the bank promised to deliver full-year profits as it be... Read more...

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