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Withhold a month’s salary of union office-bearers for power strike: HC

March 25, 2023 5:55 am

The 72-hour strike called by the power department employees had ended on Sunday afternoon hours ahead of its deadline. The strike was called by the Vidyut Karmchari Sanyukt Sangharsh Samiti over alleged discrepancies in promotion, pension and salary.

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Allahabad Bank Q3 loss widens over two-fold

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.

Allahabad Bank shares jump 11 per cent on fresh capital infusion of Rs 2,153 crore

December 27, 2019 5:11 pm

The capital infusion comes ahead of Allahabad bank's amalgamation with Indian Bank.

Vikram Kothari, the promoter of Rotomac Pen, has allegedly gone abroad after swindling Rs 800 crore from various public sector banks, including Allahabad Bank. (Representational)

Allahabad Bank board approves merger 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.

Allahabad Bank reports Rs 1,775 crore fraud by Bhushan Power & Steel

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.

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Allahabad Bank reports Rs 1,775 crore fraud by Bhushan Power and Steel

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.

Allahabad Bank Q4 net loss widens to Rs 3,834 cr

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.

Allahabad Bank to cut MCLR by 10 basis points

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.

Centre to infuse Rs 3,054 crore into Allahabad Bank as investment

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.

Allahabad Bank reports Rs 1,944-crore net loss in Q1

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.