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  • RBI excludes 6 PSBs from Second Schedule of RBI Act Sep 30, 2020 09:22 PM IST

    RBI excludes 6 PSBs from Second Schedule of RBI Act

    A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'. These six banks merged with other public sector banks (PSBs) with effect from April 1.

  • Indian Bank NPA to rise, no change in board post-merger Mar 19, 2020 09:28 PM IST

    Indian Bank NPA to rise, no change in board post-merger

    The coronavirus outbreak also poses new threats to the amalgamated entity to clock around 12 percent loan growth at the end of the next fiscal.

  • Allahabad Bank lowers external benchmark-linked loan pricing Feb 29, 2020 05:14 PM IST

    Allahabad Bank lowers external benchmark-linked loan pricing

    While the RBI's repo rate remains unchanged at 5.15 percent, the three-month MIBOR (Average) has reduced to 5.75 percent from 6.15 percent.

  • Allahabad Bank cuts MCLR by 5 bps across tenors Feb 13, 2020 02:57 PM IST

    Allahabad Bank cuts MCLR by 5 bps across tenors

    The Asset Liability Management Committee of the bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors, the bank said in a regulatory filing.

  • Allahabad Bank Q3 net loss widens to Rs 1,987cr Feb 11, 2020 08:27 PM IST

    Allahabad Bank Q3 net loss widens to Rs 1,987cr

    Total business stood at Rs 3.93 lakh crore in the December quarter, the bank said in a release. It was Rs 3.67 lakh crore in the third quarter of 2018-19.

  • Allahabad Bank jumps 8% as govt injects fresh capital of Rs 2,153 cr Dec 27, 2019 10:00 AM IST

    Allahabad Bank jumps 8% as govt injects fresh capital of Rs 2,153 cr

    It has touched an intraday high of Rs 19.70. The stock also witnessed spurt in volume by more than 1.48 times.

  • Allahabad Bank gets fresh capital of Rs 2,153 cr from govt Dec 26, 2019 09:30 PM IST

    Allahabad Bank gets fresh capital of Rs 2,153 cr from govt

    The capital infusion is towards contribution of the central government in the preferential allotment of equity shares of the bank during the financial year 2019-20 as the government's investment, it said.

  • Allahabad Bank's loss widens in Q2 to Rs 2,114 cr, asset quality worsens Nov 08, 2019 03:30 PM IST

    Allahabad Bank's loss widens in Q2 to Rs 2,114 cr, asset quality worsens

    Gross non-performing assets (NPA) as a percentage of the gross advances rose significantly by 162bps sequentially to 19.05 percent.

  • Govt appoints Mallikarjuna Rao as MD and CEO of PNB Oct 01, 2019 09:50 PM IST

    Govt appoints Mallikarjuna Rao as MD and CEO of PNB

    Rao, 57, currently the Managing Director and Chief Executive Officer of Allahabad Bank, has been appointed to the new post up to September 18, 2021.

  • Allahabad Bank board approves merger with Indian Bank Sep 16, 2019 08:20 PM IST

    Allahabad Bank board approves merger with Indian Bank

    Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.

  • Indian Bank expects to complete merger with Allahabad Bank by March 31 Sep 03, 2019 03:25 PM IST

    Indian Bank expects to complete merger with Allahabad Bank by March 31

    Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank.

  • RBI slaps fine on eight public sector banks for violating norms Aug 02, 2019 06:52 PM IST

    RBI slaps fine on eight public sector banks for violating norms

    Bank of Baroda, Bank of India, Indian Overseas Bank and Union Bank of India were fined Rs 1.5 crore each, while Allahabad Bank and Bank of Maharashtra were penalised Rs 2 crore each. Oriental Bank of Commerce was penalised with Rs 1 crore, the RBI said.

  • Allahabad Bank logs Rs 128 cr profit in Q1 Jul 31, 2019 07:42 PM IST

    Allahabad Bank logs Rs 128 cr profit in Q1

    Total income was down at Rs 4,747.49 crore in June quarter of 2019-20, as against Rs 4,794.04 crore in the same quarter of the last fiscal, the bank said in regulatory filing.

  • Allahabad Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,530.10 crore, down  10.19% Y-o-Y Jul 31, 2019 05:18 PM IST

    Allahabad Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,530.10 crore, down 10.19% Y-o-Y

  • SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC Jul 24, 2019 06:09 PM IST

    SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC

    In its report that runs into over 70,000 pages, the investigating agency has charged officials of 13 banks of being hand-in-glove with the Bhushan Steel promoters

  • Allahabad Bank slash 3% on reporting fraud by SEL Manufacturing Jul 18, 2019 12:12 PM IST

    Allahabad Bank slash 3% on reporting fraud by SEL Manufacturing

    SEL Manufacturing is a fully provided non performing account.

  • Allahabad Bank reports Rs 688.27 crore fraud Jul 18, 2019 08:15 AM IST

    Allahabad Bank reports Rs 688.27 crore fraud

    Allahabad Bank informed the bourses that for outstanding dues of Rs 688.27 crore NCLT proceedings are in progress.

  • Allahabad Bank plunges 15% on reporting fraud of Rs 1,775 cr by Bhushan Power Jul 15, 2019 10:56 AM IST

    Allahabad Bank plunges 15% on reporting fraud of Rs 1,775 cr by Bhushan Power

    It is the second lender, after Punjab National Bank, to report fraud by Bhushan Power

  • Allahabad Bank reports Rs 1,774 crore fraud by Bhushan Power and Steel Jul 13, 2019 05:27 PM IST

    Allahabad Bank reports Rs 1,774 crore fraud by Bhushan Power and Steel

    Bhushan Power & Steel defaulted on Rs 47,700 crore worth of loans in 2017 and was one of the 12 cases referred for resolution under Insolvency and Bankruptcy Code.

  • Allahabad Bank hopes to return in black in Q1, gets board nod for Rs 4,000 cr fund raise Jun 05, 2019 01:13 PM IST

    Allahabad Bank hopes to return in black in Q1, gets board nod for Rs 4,000 cr fund raise

    The Kolkata-based lender registered a loss of Rs 4,674 crore in 2017-18 and a loss of Rs 279 crore during 2016-17.

  • Allahabad Bank's Q4 loss widens to Rs 3,834 cr May 10, 2019 04:58 PM IST

    Allahabad Bank's Q4 loss widens to Rs 3,834 cr

    Total income during the last fiscal was down at Rs 18,806.38 crore as against Rs 19,487.51 crore a year ago.

  • Allahabad Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,257.98 crore, up  41.61% Y-o-Y May 10, 2019 04:53 PM IST

    Allahabad Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,257.98 crore, up 41.61% Y-o-Y

  • Experts advise staying away from 34 stocks excluded from F&O Apr 25, 2019 01:44 PM IST

    Experts advise staying away from 34 stocks excluded from F&O

    The move, a yearly practice by the exchange, is the interest of retail traders. The removal which is usually based on pre-defined criteria helps in maintaining liquidity in the instrument

  • Government raises authorised capital of Allahabad Bank to Rs 8,000 crore Apr 23, 2019 05:25 PM IST

    Government raises authorised capital of Allahabad Bank to Rs 8,000 crore

    The increase in authorised capital will help enable the bank to raise further fund up to a maximum ceiling of Rs 8,000 crore.

  • Allahabad Bank gains 2% as board approves raising Rs 4,000 cr Mar 27, 2019 11:18 AM IST

    Allahabad Bank gains 2% as board approves raising Rs 4,000 cr

    At 1103 hrs, Allahabad Bank was quoting Rs 51.85, up 1,67 percent on the BSE.

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