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He is also the Chairman of the Indian Bank's Association (IBA). He is a Director on the Board of The New India Assurance Co. Ltd. He is also a member of Governing Council & Chairman of the Executive Committee of the Indian Institute of Banking & Finance (IIBF). [6] [5] [7]
Permodalan Nasional Berhad (PNB) is a state-owned Malaysian investment management company. [1] One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the government's New Economic Policy. [2] [3] PNB's two notable projects are located in Kuala Lumpur.
Punjab National Bank (abbreviated as PNB) is an Indian government bank based in New Delhi. [5] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs.
Under his leadership, PNB increased its syariah-compliant investment and financing product with the goal for Malaysia to be the centre of global Islamic banking. [47] [48] On 29 June 2018, his resignation as the Group Chairman was confirmed by PNB and Malaysia's former Bank Governor Zeti Akhtar Aziz was announced to succeed his position. [49]
Zeti was appointed the Group Chairman of Permodalan Nasional Berhad (PNB) on 1 July 2018. [18] She was also appointed the Chairman of Sime Darby Property. She is the first woman to hold the post. [19]
In his role as PNB Chairman, Benedicto permitted huge loans for business of other cronies and associates. He used PNB to grant loans for his shipping company, Northern Lines, and his sugar business. [5] His role as PNB Chair enabled him to gain control of additional banks, and overcome business competitors by dictating the terms of loans. [3]
The Philippine National Bank (PNB, Filipino: Bangko Nasyonal ng Pilipinas; [3] Spanish: Banco Nacional Filipino; [4] Hokkien Chinese: 菲律賓國家銀行; Pe̍h-ōe-jī: Hui-li̍p-pin Kok-ka Gûn-hâng) is a major Filipino bank based in Pasay in the Philippines.
RBI revealed that PNB, had not responded to the said caution advice until February 2018, when the fraud came to light. Ananthasubramanian was the MD of PNB when the caution advice was issued. On 20 August 2018, Usha Ananthasubramanian was granted bail on a surety bond of Rs 1 lakhs by Special CBI court in Mumbai.