Centre moves to oust bank officials as accused named in PNB fraud case
Banking secretary Rajiv Kumar told media that a government nominee on the board of state-run Allahabad Bank would call a meeting to seek the removal of the lender`s chief executive Usha Ananthasubramanian, who previously headed fraud-hit Punjab National Bank (PNB)
Indian authorities have arrested at least 20 people and a court has issued non-bailable warrants against accused jewellers Nirav Modi and his uncle Mehul Choksi. Image source: Reuters