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195th Day Of Lockdown

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allahabad bank

Mega merger of state-run banks comes into force from April 1: RBI

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

Allahabad Bank lowers interest rates by up to 35 bps

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

Allahabad Bank board approves merger with Indian Bank

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

Boards of Allahabad, Andhra Bank schedule meeting for merger proposals

Following next year, Bank of Baroda had merged Vijaya Bank and Dena Bank with itself.

12 Sep 2019 9:14 AM

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.

03 Sep 2019 3:46 PM


Allahabad Bank okays raising Rs 2,000 cr equity capital via QIP

The Kolkata-headquartered lender is scheduled to announce its June 2019 quarter earnings on Wednesday.

31 Jul 2019 3:12 PM

Allahabad Bank stock drops 8 pc after reporting Rs 1,775-cr fraud

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

Not backing out from buying Bhushan Power: JSW tells NCLT

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

Allahabad Bank reports USD 259 mn alleged fraud by Bhushan Power & Steel

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

After PNB, Allahabad Bank reports Rs 1,700 crore fraud by indebted firm

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


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

During the fiscal, total reduction in NPA accounts stood at Rs 8,584.33 crore.

05 Jun 2019 1:35 PM

Punjab National Bank may take OBC, Andhra, Allahabad bank in fold

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

Allahabad Bank cuts lending rate by 5 bps

Most of the loans including housing loans are benchmarked against MCLR for one year.

13 May 2019 2:38 PM

Allahabad Bank to raise capital next fiscal

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

Corporation, Allahabad, Dhanlaxmi Bank jump up to 10 pc post RBI move

The RBI on Tuesday removed the three banks from its Prompt Corrective Action (PCA) framework.

27 Feb 2019 12:27 PM


Allahabad, Corp Bank, Dhanlaxmi out of PCA

BoI, BoM & OBC were taken out of framework.

27 Feb 2019 3:08 AM

Allahabad Bank, SBI Life join hand for bancassurance partnership

This will empower the consumer to address their complete financial needs under one roof.

31 Dec 2018 5:49 PM

Ex-CEO of Allahabad bank granted bail in PNB scam

The government on August 13 dismissed Ananthasubramanian from service.

21 Aug 2018 1:55 AM

PNB fraud: CBI court grants bail to ex-MD Usha Ananthasubramanian

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

Allahabad Bank ex-CMD’s role under CBI lens

Ananthasubrama-nian had served as the MD and CEO of PNB from August 2015 to May 2017.

16 Aug 2018 2:35 AM