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Tag "Allahabad Bank"

Harvard Business Publishing features merger of Indian Bank, Allahabad Bank

Harvard Business Publishing features merger of Indian Bank, Allahabad Bank

🕔14:57, 24.Aug 2021

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

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Seven merged banks to see cheque book changes from April 1

Seven merged banks to see cheque book changes from April 1

🕔06:35, 15.Mar 2021

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,

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Allahabad Bank lowers lending rates

Allahabad Bank lowers lending rates

🕔20:28, 29.Feb 2020

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

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Allahabad Bank’s Q3 net loss widens on higher provisioning

Allahabad Bank’s Q3 net loss widens on higher provisioning

🕔07:11, 12.Feb 2020

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

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Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

🕔17:49, 27.Dec 2019

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

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Allahabad Bank’s net loss rises to Rs 3,834.07 cr in Q4

Allahabad Bank’s net loss rises to Rs 3,834.07 cr in Q4

🕔07:34, 11.May 2019

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

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PNB, Allahabad Bank to cut MCLR, retail loans to be cheaper

PNB, Allahabad Bank to cut MCLR, retail loans to be cheaper

🕔10:05, 28.Feb 2019

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

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RBI removes Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA

RBI removes Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA

🕔06:31, 27.Feb 2019

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

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Allahabad Bank using Centre’s capital infusion to come out of PCA

Allahabad Bank using Centre’s capital infusion to come out of PCA

🕔07:00, 23.Feb 2019

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

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RBI penalises Allahabad Bank, Corporation Bank

RBI penalises Allahabad Bank, Corporation Bank

🕔09:30, 9.Feb 2019

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

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Allahabad Bank narrows losses to Rs 732.81 cr in Q3

Allahabad Bank narrows losses to Rs 732.81 cr in Q3

🕔20:02, 6.Feb 2019

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

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Allahabad Bank’s Q2 net loss at Rs 1,823 crore on higher provisioning

Allahabad Bank’s Q2 net loss at Rs 1,823 crore on higher provisioning

🕔10:14, 14.Nov 2018

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

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Centre to infuse Rs 3,054 crore in Allahabad Bank

Centre to infuse Rs 3,054 crore in Allahabad Bank

🕔10:07, 9.Nov 2018

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

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Allahabad Bank looks at Rs 5,500 cr recovery in FY19

Allahabad Bank looks at Rs 5,500 cr recovery in FY19

🕔15:13, 27.Jun 2018

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

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Allahabad Bank focuses on recovery, refers 65 NPA accounts to IBC

Allahabad Bank focuses on recovery, refers 65 NPA accounts to IBC

🕔12:46, 11.Jun 2018

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

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Allahabad Bank posts net loss of Rs 3,509.63 crore in Q4

Allahabad Bank posts net loss of Rs 3,509.63 crore in Q4

🕔11:27, 11.May 2018

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

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Allahabad Bank to raise MCLR up to 10 bps from May 1

Allahabad Bank to raise MCLR up to 10 bps from May 1

🕔07:49, 28.Apr 2018

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

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Allahabad Bank posts Rs 1263.79 cr net loss in Q3

Allahabad Bank posts Rs 1263.79 cr net loss in Q3

🕔10:43, 15.Feb 2018

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

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RBI imposes PCA on Allahabad Bank

RBI imposes PCA on Allahabad Bank

🕔09:55, 5.Jan 2018

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

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Allahabad Bank inks MoU with NeSL

Allahabad Bank inks MoU with NeSL

🕔13:31, 31.Dec 2017

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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