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.
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Sun, Mar 01, 2020
It's a big relief to consumers!
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.
Sat, Feb 09, 2019
Allahabad Bank said the RBI has imposed a penalty of Rs 1.5 crore for not monitoring end use of funds, among other violations.
Fri, Feb 08, 2019
State-owned Allahabad Bank on Friday said the RBI has imposed a penalty of Rs 1.5 crore on the lender for not monitoring end use of funds, among other violations.
Wed, Feb 06, 2019
On the asset front, the bank witnessed rise in its gross non-performing assets (NPAs) at 17.81 per cent of the gross advances as at December-end 2018, as against 14.38 per cent by December 2017.
Mon, Dec 31, 2018
State-owned Allahabad Bank has tied up with SBI Life Insurance to sell the policies of the insurer from over 3,200 branches.
Tue, Nov 27, 2018
Launching the portal, Durga Shankar Mishra, Secretary, Ministry of Housing and Urban Affairs, said, “PAiSA is yet another effort by the government to connect directly with the beneficiaries, ensuring that there is greater transparency and efficiency in delivery of services. DBT of subvention on monthly basis under DAY-NULM will give the necessary financial support to small entrepreneurs in a timely manner”.
The Ministry of Housing and Urban Affairs on Monday launched 'PaiSA'' - a centralised electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM).
Thu, Nov 15, 2018
Reserve Bank of India (RBI) and the central government are expected to reach a consensus on easing credit availability to micro, small and medium enterprises (MSMEs).
Tue, Oct 30, 2018
HDFC Bank, Bharti Airtel and HSIL that came in the news after the market was closed for trading and can have an impact on October 30, 2018.
The Asset Liability Management Committee (ALCO) of the bank has reviewed the existing Marginal Cost of Funds Based Lending Rates (MCLRs) and decided for an upward revision of MCLR by 5 basis points, Allahabad Bank said in a filing to stock exchanges.
Tue, Aug 14, 2018
Ananthasubramanian was Chief Executive of the PNB between August 2015 and May 2017, before moving to Allahabad Bank. She was earlier Executive Director at PNB from July 2011 to November 2013.
Wed, Jul 25, 2018
The government will infuse Rs 2,816 crore in Punjab National Bank (PNB), Rs 1,790 crore in Allahabad Bank, Rs 2,019 crore in Andhra Bank, Rs 2,157 crore in Indian Overseas Bank and Rs 2,555 crore in Corporation Bank.
Tue, Jul 24, 2018
Idea and Vodafone India merger have moved a step closer as they have paid their dues to the Department of Telecom (DoT) on Monday. The dues include Rs 3,926 crore in cash and Rs 3,322 crore in bank guarantees, totalling Rs 7,246 crore.
Vodafone India and Idea Cellular and are likely to pay up the Rs 7,268 crore in dues towards spectrum charges demanded by the government to get final nod from the Department of Telecommunications (DoT) as any recourse to litigation would mean potential delay in the $23 bn merger.
Wed, Jul 18, 2018
Indian Overseas Bank shares surged as much as 13.8 per cent to their highest since June 26. PNB share price gained as much 4.1 per cent to Rs 81.95 its highest in over 3 weeks, while Corporation Bank shares hit 4-week high rising as much as 10.1 per cent to Rs 28.95.
Thu, Jul 12, 2018
Public sector Allahabad Bank today said it is mulling to off-load non-core assets like shareholding in various joint ventures and sell immovable properties to shore up its capital base. In compliance with government directives under PSBs Reform Agenda, the bank has initiated various steps to leve
Tue, Jun 12, 2018
According to the bank, the authority has asked maintain high quality liquid asset in Hong Kong equivalent to 100% of unpledged deposits.
Mon, Jun 11, 2018
The number of "wilful defaulters" declared by the bank stood at 257, a two-and half-fold jump from March 2017 figure of 101. Bank has referred 65 Non-Performing Assets borrowal cases involving an amount of Rs 12,566.11 crore to the National Company Law Tribunal (NCLT) for resolution under Insolvency and Bankruptcy Code (IBC) during FY18.
Fri, May 25, 2018
When the government announced a surprise $32 billion bailout plan for the nation`s state-controlled banks last October, credit rating firms and the nation`s central bank saw it as a huge step to getting the industry back to robust health – and lending more to businesses and consumers.
Thu, May 17, 2018
Bank officers association have asked the Reserve Bank of India (RBI) and the government to treat both private sector and public sector banks with equality.
Tue, May 15, 2018
The central government`s action against three top bankers in the country is a welcome move, said a top leader of All India Bank Employees` Association (AIBEA) on Tuesday.
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!["Action against top bankers right, PNB MD should also keep away''](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2018/05/15/38358-punjab-national-bank-youtube.png?itok=qneFK2mX&c=22a12e4955a45ac46b05732047323c73 ""Action against top bankers right, PNB MD should also keep away''")