February 12, 2020 3:35 am
The bank's operating profit during the December quarter this fiscal witnessed a 16.74 per cent y-o-y rise to Rs 897.68 crore from Rs 768.97 crore in the corresponding quarter of the last fiscal.
December 27, 2019 5:11 pm
The capital infusion comes ahead of Allahabad bank's amalgamation with Indian Bank.
September 16, 2019 10:10 pm
Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.
July 14, 2019 3:50 am
PNB recently reported a fraud worth Rs 3,805.15 crore by BPSL by misappropriating bank funds. Around 85 per cent of PNB’s Rs 4,399-crore exposure to the company had been siphoned off.
July 13, 2019 7:35 pm
Allahabad Bank in a regulatory filing said on the basis of forensic audit investigation findings and CBI filing FIR against the company and its directors.
May 11, 2019 2:28 am
The Kolkata-headquartered lender, which came out of the prompt corrective action (PCA) framework of the Reserve Bank of India in February, had reported a net loss of Rs 732.81 crore for the third quarter of the last fiscal.
February 28, 2019 3:37 am
Allahabad Bank on Wednesday said it will cut marginal cost of funds-based lending rates (MCLR) by 10 basis points for all the tenures up to three years with effect from March 1.
November 09, 2018 2:51 am
Notably, the Reserve Bank of India had imposed additional restrictions on the bank under the Prompt Corrective Action framework in May this year.
August 15, 2018 3:18 am
The Kolkata-headquartered bank, however, has pruned the losses substantially on a quarter-on-quarter basis. Its net loss for the fourth quarter last fiscal had stood at Rs 3,509.63 crore.
August 13, 2018 7:13 pm
The move comes three months after the board of Allahabad Bank divested her of all her powers, following a directive from the finance ministry.