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Allahabad Bank

Bank merger: 115: 1,000 swap ratio for amalgamation of Indian Bank-Allahabad Bank

Bank merger: 115: 1,000 swap ratio for amalgamation of Indian Bank-Allahabad Bank

Fri, Mar 06, 2020

In regulatory announcement, Indian Bank said its Board of Directors at a meeting approved the fair equity share exchange ratio of 115 equity shares of Indian Bank for every 1,000 shares of Allahabad Bank which is subject to the statutory and regulatory approvals.

Interest rates down! Big benefit is here if you are customer of this bank

Interest rates down! Big benefit is here if you are customer of this bank

Sun, Mar 01, 2020

It's a big relief to consumers!

Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know

Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know

Sat, Dec 28, 2019

Three PSU Banks -- Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government.

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SS Mallikarjuna Rao appointed new Punjab National Bank CEO

SS Mallikarjuna Rao appointed new Punjab National Bank CEO

Tue, Oct 01, 2019

SS Mallikarjuna Rao has been appointed the new Punjab National Bank CEO. This announcement comes after deliberations were carried on the basis of a shortlist of eligible candidates prepared earlier.

Merger of banks is completely beneficial for banking sector: Mallikarjuna Rao

Merger of banks is completely beneficial for banking sector: Mallikarjuna Rao

Sat, Sep 14, 2019

MD & CEO of Allahabad Bank Mallikarjuna Rao said that the Merger of banks is totally beneficial for the banking sector.

Indian Bank Board to meet on Sept 18 to consider amalgamation of Allahabad Bank

Fri, Sep 13, 2019

According to a regulatory filing by the Allahabad Bank, its Board of Directors would be meeting on September 16 to consider amalgamation with the Indian Bank.

Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge

Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge

Fri, Aug 30, 2019

Sitharaman said that this consolidation of banks will have 82% business, rest will vest with others.

Stocks in Focus on July 18: Banks, NMDC to Allahabad Bank; here are the 5 Newsmakers of the Day

Stocks in Focus on July 18: Banks, NMDC to Allahabad Bank; here are the 5 Newsmakers of the Day

Thu, Jul 18, 2019

IRCON/SAIL/RVNL, NMDC, Torrent Pharmaceuticals and Allahabad Bank are the stocks that are expected to remain in news today.

Sensex, Nifty rise on IT, Tech stocks rally; Infosys, Sun Pharma, Dish TV stocks gain

Sensex, Nifty rise on IT, Tech stocks rally; Infosys, Sun Pharma, Dish TV stocks gain

Mon, Jul 15, 2019

The BSE Sensex rose 160 points and closed at 38,896 while Nifty 50 index added 35 points and ended at 11,587 levels.

Allahabad Bank share price plunges 10%, set to remain bearish due to Bhushan Power fraud case, say stock market experts

Allahabad Bank share price plunges 10%, set to remain bearish due to Bhushan Power fraud case, say stock market experts

Mon, Jul 15, 2019

Allahabad Bank share price has crashed around 10 per cent in the intraday trade after the bank officials reported the Bhushan Power & Steel Ltd fraud of Rs 1,774.82 crore.

Stocks in Focus on July 15: DHFL, Allahabad Bank to Parag Milk Foods; here are the 5 Newsmakers of the Day

Stocks in Focus on July 15: DHFL, Allahabad Bank to Parag Milk Foods; here are the 5 Newsmakers of the Day

Mon, Jul 15, 2019

There are certain stocks that came in news after the market was closed for the day on Friday.

Sensex, Nifty regain early morning loss; DHFL, Indiabulls Housing Finance, Allahabad Bank stocks gain

Sensex, Nifty regain early morning loss; DHFL, Indiabulls Housing Finance, Allahabad Bank stocks gain

Wed, Jul 03, 2019

The BSE Sensex nudged 22 points higher and closed at 39,839 levels while the 50-stock Nifty added 6 points after closing at 11,916 levels. The Bank Nifty index surge 99 points and closed at 31,382.

Allahabad Bank's Q4 loss widens to Rs 3,834 cr

Allahabad Bank's Q4 loss widens to Rs 3,834 cr

Fri, May 10, 2019

In value terms, gross NPAs stood at Rs 28,704.78 crore by end of the last fiscal as against Rs 26,562.79 crore by 2017-18. Net bad loans were worth Rs 7,419.31 crore as compared to Rs 12,229.13 crore earlier.

Allahabad Bank Recruitment 2019: New vacancies announced, apply at allahabadbank.in

Allahabad Bank Recruitment 2019: New vacancies announced, apply at allahabadbank.in

Thu, Apr 18, 2019

Allahabad Bank Recruitment 2019: For a total 92 vacant positions of Specialist Officer, Allahabad Bank has sought applications from interested candidates at its official Website- www.allahabadbank.in till April 29, 2019

Allahabad Bank recruitment 2019: Fresh vacancies, last date April 29 - Here is how to apply

Allahabad Bank recruitment 2019: Fresh vacancies, last date April 29 - Here is how to apply

Sat, Apr 13, 2019

Allahabad Bank recruitment 2019: Allahabad Bank has issued a recruitment notification for the 92 posts of Specialist Officer.

From LIC to Income Tax to Home, Auto, Personal Loan Rates, these 6 big developments may impact you from today

From LIC to Income Tax to Home, Auto, Personal Loan Rates, these 6 big developments may impact you from today

Fri, Mar 01, 2019

LIC, Income Tax and Home Loan, Auto Loans Rates Latest Updates: Significant changes in connection to income tax, bank and election-related matters have come into effect from today. From March 1, six rules that concern the common man has been changed.

Allahabad Bank to reduce MCLR by 0.10% across all tenors from March 1

Allahabad Bank to reduce MCLR by 0.10% across all tenors from March 1

Wed, Feb 27, 2019

For all the tenors - overnight, one month, three months, six months, one year, two years and three years, the bank has cut the MCLR by 0.10 per cent each to 8.15 per cent, 8.25 per cent, 8.45 per cent, 8.50 per cent, 8.65 per cent, 8.85 per cent and 8.95 per cent respectively, according to the filing.

Government's bank recap drive not enough for PSBs, Fitch reveals massive amount needed

Government's bank recap drive not enough for PSBs, Fitch reveals massive amount needed

Wed, Feb 27, 2019

In Fitch’s view, the authorities' approach to the banking sector has clearly shifted towards spurring lending in recent months.

RBI gift! These 3 banks have made investors rich; shares jump 8% to 10%

RBI gift! These 3 banks have made investors rich; shares jump 8% to 10%

Wed, Feb 27, 2019

RBI has released these three banks, Corporation Bank, DhanLaxmi Bank and Allahabad Bank, from PCA framework. Their share prices instantly rocketted!

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

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

Wed, Feb 27, 2019

The RBI further it has also been decided to take Dhanlaxmi Bank out of the PCA Framework, subject to certain conditions and continuous monitoring, as the bank is found to be not breaching any of the Risk Thresholds of the PCA Framework.

Allahabad Bank, Corp Bank, Dhanlaxmi Bank out of RBI's weak-bank watch

Allahabad Bank, Corp Bank, Dhanlaxmi Bank out of RBI's weak-bank watch

Tue, Feb 26, 2019

The RBI further said the two banks have made the necessary disclosures to the stock exchange that post infusion of capital, the capital to risk weighted assets ratio (CRAR), tire-1 capial equity, net NPA and leverage Ratios are no longer in breach of the PCA thresholds.

Stock Alert! 12 PSBs make investors richer by 5% to 19%; know why

Stock Alert! 12 PSBs make investors richer by 5% to 19%; know why

Thu, Feb 21, 2019

PSBs like PNB, Syndicate Bank, Bank of India, Bank of Maharashtra, Union Bank of India, Central Bank of India, Andhra Bank, Allahabad Bank, UCO Bank, Indian Overseas Bank, United Bank of India and Corporation Bank rose in the range of over 5% to nearly 19% on Dalal Street, making many investors rich.

Corporation Bank, Allahabad Bank next in line for PCA exit

Corporation Bank, Allahabad Bank next in line for PCA exit

Thu, Feb 21, 2019

Finance Ministry will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the PCA framework of the Reserve Bank of India.

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