Shubhalakshmi Panse, who had served as managing director at Allahabad Bank from October 2012-January 2014, was appointed as independent director of PNB Housing Finance Ltd (PNBHFL) in July 2017.
Shubhalakshmi Panse of Allahabad Bank says the bank does not have any term loan exposure to Jharkhand and Bihar. And while the bank has a very small exposure of Rs 28.08 crore to Andhra Pradesh, it is a performing asset and a very recent loan of a small quantum.
Shubhalakshmi Panse believes the way the public sector has been growing, it is confident of clocking 18 percent growth rate for its credit portfolio going ahead.
Allahabad Bank managed NPA recovery of Rs 837 crore and reduced fresh addition to Rs 1,694 crore from Rs 2,586 crore. The bank's total restructured book of the bank is Rs 13,595 crore, which was earlier Rs 14,874 crore as of March 31, 2013
State-owned Allahabad Bank on Tuesday (May 7 2013) announced its fourth quarter earnings. It posted a 68.5 percent decline in net profit at Rs 126.15 crore on account of rise in bad loans. However company‘s non-performing assets (NPAs) have increased by about Rs 1,600 crore.
Allahabad Bank, Kolkata-based public sector lender today said it is in the process of implementing a three-pronged strategy to rein in the NPAs, which had dented its net profit in the second quarter in the current fiscal.