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Chennai, Aug 24 State-owned Indian Bank has been featured in the Harvard Business Publishing for its successful merger of Allahabad Bank. The first-of-its-kind seamless merger of equal sized Indian banks with prominence in the southern and eastern region of the
New Delhi, March 15 From April 1, 2021, cheque-books and passbooks of over half a dozen banks which went through a merger will become invalid. The banks affected by these changes include Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank,
New Delhi, Feb 29 State-owned Allahabad Bank on Saturday slashed the interest rate on external benchmark-linked products by up to 40 basis points. The three-month Mumbai Interbank Offered Rate was reduced to 5.75 per cent from 6.15 per cent. “…the
Mumbai, Feb 12 State-run lender Allahabad Bank on Tuesday reported a wider net loss during the third quarter ended December 31, 2019, due to higher provisioning for non-performing assets (NPAs). According to the bank, its net loss widened to Rs
New Delhi, Dec 27 Three loss making PSU Banks — Allahabad Bank, Indian Overseas Bank and UCO Bank – have got Rs 8,655 crore fresh capital infusion from the government. The Finance Ministry has approved infusing fresh capital amounting to
Kolkata, May 11 State-run Allahabad Bank on Friday said it has posted a net loss of Rs 3,834.07 crore in the fourth quarter of the financial year 2018-19 (FY 19), widening from a net loss of Rs 3,509.63 crore in
Mumbai/Kolkata, Feb 28 Punjab National Bank (PNB) and Allahabad Bank will reduce benchmark marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) across various tenures from March 1. The reduction will make home, car and other
New Delhi, Feb 27 The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action (PCA) framework allowing them to resume their normal lending activities. The Board for Financial Supervision
Kolkata, Feb 23 In a bid to come out of the Prompt Corrective Action framework, state-run Allahabad Bank on Friday said it has used the Rs 6,896 crore capital infusion fund, received from the Central government, to make loan loss
Mumbai, Feb 9 The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders Allahabad Bank and Corporation Bank over deficiencies in complying with various regulatory norms. In a regulatory filing to the BSE on Friday, the Allahabad
Kolkata, Feb 6 State-run Allahabad Bank on Wednesday announced a net loss of Rs 732.81 crore for the quarter ended December 31, 2018, narrowing the net loss of Rs 1,263.79 crore reported for year ago period. The lender, which is
Mumbai, Nov 14 State-run Allahabad Bank on Tuesday posted a net loss of Rs 1,823 crore for the quarter ended September 30 due to increase in provisioning for non-performing assets and reduction in interest income. The bank had posted a
Kolkata, Nov 8 (IANS) State-run Allahabad Bank on Thursday said the Centre is infusing Rs 3,054 crore into it during the current fiscal. “The bank has been informed by the government about fresh capital infusion of Rs 3054 crore towards contribution
Kolkata, June 27 State-run lender Allahabad Bank is looking at a recovery of around Rs 5,500 crore in the current fiscal, an official said on Wednesday. The bank has submitted a roadmap to the Centre and if everything goes “well
Kolkata, June 11 State-run Allahabad Bank, which referred 65 stressed accounts involving around Rs 12,566 crore to the NCLT for IBC resolution during last fiscal, is focusing on recovery and rebalancing its loan book with emphasis on small, micro, agriculture
Kolkata, May 11 State-run Allahabad Bank on Friday posted a net loss of Rs 3,509.63 crore in the quarter ended March 31 due to increase in provisioning for non-performing assets and reduction in total income. The bank had posted a
Kolkata, April 28 State-run Allahabad Bank on Friday said it will raise the marginal cost of funds based lending rates (MCLRs) by five basis points for the tenors upto two years except six months and by 10 basis points for
Kolkata, Feb 15 State-run Allahabad Bank on Wednesday reported a net loss of Rs.1, 263.79 crore for the quarter ended December 31, 2017, as compared to a net profit of Rs 75.26 crore in the year-ago period. The net loss was
Kolkata, Jan 5 State-run Allahabad Bank became the new entrant of the league of ten other public sector banks where the Reserve Bank of India imposed prompt corrective action (PCA) due to high non-performing assets (NPA) and negative return on
Kolkata, Dec 31 State-run Allahabad Bank on Saturday signed an MoU with the government owned National E-Governance Services Ltd (NeSL) for a the tie-up that could help in minimising the resolution period in NCLT (National Company Law Tribunal) referred cases.
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