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RBI advises more action to Allahabad Bank

Updated : May 15, 2018 06:18 AM IST

Ananthasubramanian, who was the MD and CEO of PNB from August 2015 to May 2017, was quizzed by the CBI in February in the PNB fraud.
The apex bank asked the lender to restrict expansion of risk weighted assets, reduce exposure to un-rated and high-risk advances, restrict creation of non-banking assets, restrict accessing/renewing wholesale/costly deposits/certificate of deposits.
RBI advises more action to Allahabad Bank

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