The government on March 4 had notified the amalgamation schemes for 10 state owned banks into four as part of its consolidation plan
29 Mar 2020 12:33 PM
The RBI repo rate has been cut down to 5.15 per cent from the existing rate of 5.40 per cent
31 Oct 2019 7:10 PM
Employees and officers of Allahabad Bank staged a demonstration in front of its headquarters here to protest against the merger.
17 Sep 2019 9:00 AM
Following next year, Bank of Baroda had merged Vijaya Bank and Dena Bank with itself.
12 Sep 2019 9:14 AM
Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.
03 Sep 2019 3:46 PM
The Kolkata-headquartered lender is scheduled to announce its June 2019 quarter earnings on Wednesday.
31 Jul 2019 3:12 PM
Allahabad Bank is the second state-owned lender to report a fraud by Bhushan Power and Steel Ltd (BPSL), to the RBI.
15 Jul 2019 6:35 PM
NCLT said that alleged fraud reports will not have any impact on the insolvency resolution process and JSW's resolution plan for BPSL.
15 Jul 2019 3:29 PM
Bhushan Power & Steel among the first 12 companies referred by RBI to a bankruptcy court for a debt resolution process.
15 Jul 2019 8:35 AM
Allahabad Bank said in a statement that it had told the RBI that it had identified a fraud worth over Rs 1,700 crore in Bhushan's accounts.
14 Jul 2019 10:33 AM
During the fiscal, total reduction in NPA accounts stood at Rs 8,584.33 crore.
05 Jun 2019 1:35 PM
This could be the one of the first decisions to be taken by the new government after election results are announced on May 23.
22 May 2019 12:35 PM
Most of the loans including housing loans are benchmarked against MCLR for one year.
13 May 2019 2:38 PM
The bank is targeting to raise Rs 250 crore to Rs 300 crore by selling non-core assets, like properties.
15 Mar 2019 3:40 PM
The RBI on Tuesday removed the three banks from its Prompt Corrective Action (PCA) framework.
27 Feb 2019 12:27 PM
BoI, BoM & OBC were taken out of framework.
27 Feb 2019 3:08 AM
This will empower the consumer to address their complete financial needs under one roof.
31 Dec 2018 5:49 PM
The government on August 13 dismissed Ananthasubramanian from service.
21 Aug 2018 1:55 AM
Earlier this month, the court had taken cognisance of the sanction granted by the President to prosecute Ananthasubramanian in the case.
20 Aug 2018 6:25 PM
Ananthasubrama-nian had served as the MD and CEO of PNB from August 2015 to May 2017.
16 Aug 2018 2:35 AM