Usha Ananthasubramanian

Usha Ananthasubramanian
Born (1960-10-01) 1 October 1960
Nationality Indian
Alma mater University of Madras, University of Mumbai
Occupation Former Managing Director and Chief Executive Officer, Allahabad Bank and was dismissed from services by Government of India after her name appeared in the Punjab National bank scam

Usha Ananthasubramanian is the former Managing Director and Chief Executive Officer of the Allahabad Bank, [1]

Education and early career

Ananthasubramanian holds a Master’s Degree in Statistics from the University of Madras and a Master’s degree in Ancient Indian Culture from University of Mumbai[2]

Her background in statistics helped her get her first job as a specialist in the actuarial department with Life Insurance Corporation (LIC), while her understanding of Ancient Indian Culture gave her 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 in February 1982, when she joined the Bank of Baroda as a specialist officer in its planning stream.[4]

Prior to joining Bhartiya Mahila Bank, Ananthasubramanian worked at Punjab National Bank and was recognised in the following roles:[5]

  • Executive Director
  • Member of Share Transfer Committee
  • Member of Audit Committee
  • Member of Committee of Directors to Review Disposal of Vigilance/ Non-Vigilance Disciplinary Action Cases
  • Member of Customer Service Committee
  • Member of Information Technology Committee
  • Member of Management Committee
  • Member of Power of Attorney Committee
  • Member of Risk Management Committee
  • Member of Shareholders/Investors Grievance Committee
  • Member of Special Committee of Board


She was ranked the 19th Most Powerful Woman in business by Fortune India[6] First women CHAIRMAN of IBA

Bhartiya Mahila Bank

With a banking career spanning over 31 years, Ananthasubramanian was nominated as leader of the core management team constituted by the Ministry of Finance (India) for coordinating the process of establishment of the Women's Bank (Bhartiya Mahila Bank) [1]

References

  1. 1 2 "Usha Ananthasubramanian appointed chairperson of Bharatiya Mahila Bank - NDTVProfit.com". Profit.ndtv.com. 2013-11-10. Retrieved 2013-11-20.
  2. ↑
  3. ↑ "Women at Work: Usha Ananthasubramanian - India Real Time - WSJ". Blogs.wsj.com. 2013-09-03. Retrieved 2013-11-20.
  4. ↑ "Usha Ananthasubramanian appointed CMD of Bharatiya Mahila Bank - Business Today". Businesstoday.intoday.in. 2013-11-12. Retrieved 2013-11-20.
  5. ↑ Usha Ananthasubramanian. "Usha Ananthasubramanian: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 2013-11-20.
  6. ↑ By T. Surendar. "India's Most Powerful Business Women in 2016". Fortune India. Retrieved 2017-11-23.
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