Allahabad Bank

Indian Bank to decide on Allahabad Bank's insurance JV

Indian Bank to decide on Allahabad Bank's insurance JV

Chennai: The Indian Bank will decide whether to continue with the general insurance business of the Allahabad Bank - which has been merge...Read More

Bank employees stage protest against Centre's decision to   merge PSU banks

Bank employees stage protest against Centre's decision to merge PSU banks

Finance Minister Nirmala Sitharaman Friday said 10 public sector banks -- Punjab National Bank, Canara bank, Union Bank of India, Indian ...Read More

Finance Secretary dispels fears of job losses after merger of 10 PSU banks

Finance Secretary dispels fears of job losses after merger of 10 PSU banks

The merger of PSBs is imperative for India to become a five trillion dollar economy in the next five years.

Allahabad Bank MD and CEO Ch S S Mallikarjuna Rao: NBFCs hurt by asset-liabilities mismatch

Allahabad Bank MD and CEO Ch S S Mallikarjuna Rao: NBFCs hurt by asset-liabilities mismatch

A few days ago, Ch S S Mallikarjuna Rao, MD and CEO, Allahabad Bank, was in Mumbai to participate in the two-day consultative discussion....Read More

Despite frauds, Sajjan Jindal says no plan to exit Bhushan Power bid

Despite frauds, Sajjan Jindal says no plan to exit Bhushan Power bid

JSW Steel chairman Sajjan Jindal Thursday said the company will not withdraw from or reduce the bid amount for Bhushan Power & Steel (BPS...Read More

Allahabad Bank stock drops 14.5 pc after reporting Rs 1,775 cr fraud

Allahabad Bank stock drops 14.5 pc after reporting Rs 1,775 cr fraud

Allahabad Bank is the second state-owned lender to have reported fraud by Bhushan Power and Steel Ltd (BPSL) to the RBI

UCO Bank, Allahabad Bank fined Rs 5 million each by RBI

UCO Bank, Allahabad Bank fined Rs 5 million each by RBI

The bank has taken necessary measures for ensuring compliance of said RBI directions. Considering the size of the bank, the amount of pen...Read More

Andhra Bank, Allahabad Bank, OBC likely to merge with PNB

Andhra Bank, Allahabad Bank, OBC likely to merge with PNB

Mumbai: In a move to further consolidate the public sector banks, Punjab National Bank (PNB) could take control of two or three small sta...Read More

Allahabad Bank launches Retail and MSME processing Centre in Mumbai

Allahabad Bank launches Retail and MSME processing Centre in Mumbai

Mumbai: Allahabad Bank launched ‘Project Navodaya’ under which its started a new vertical named as Retail and MSME processing Centre (RMP...Read More

Bhopal: Retail & MSME processing center of Allahabad Bank inaugurated

Bhopal: Retail & MSME processing center of Allahabad Bank inaugurated

The retail and MSME processing center of Allahabad Bank was inaugurated at Gautam Nagar in Bhopal on Wednesday. The chief guest of the in...Read More

Shares of three Banks jump post RBI PCA easing

Shares of three Banks jump post RBI PCA easing

New Delhi: Shares of Corporation Bank, Allahabad Bank and Dhanlaxmi Bank rose sharply by up to 10.10 per cent on Wednesday after the RBI ...Read More

RBI PCA: Operational curbs on these state-run banks may be lifted soon

RBI PCA: Operational curbs on these state-run banks may be lifted soon

Mumbai: State-run Corporation Bank, which is still under the Reserve Bank’s prompt corrective action (PCA) framework, on Wednesday said t...Read More

State banks likely to shut 69 more branches abroad

State banks likely to shut 69 more branches abroad

New Delhi: State banks are in the process of closing or rationalising about 69 overseas operations in the next few months as part of thei...Read More

Government to infuse Rs 42,000 crore in PSU banks this fiscal

Government to infuse Rs 42,000 crore in PSU banks this fiscal

New Delhi: The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as ear...Read More

Public sector banks may get Rs 50,000-crore government fund by year-end

Public sector banks may get Rs 50,000-crore government fund by year-end

NEW DELHI: The government is planning to infuse Rs 45,000-50,000 crore as capital in public sector banks by the end of December, a senior...Read More

Most lenders see bad loan burden easing

Most lenders see bad loan burden easing

Mumbai: The Reserve Bank of India’s (RBI) clean-up drive has started to show some results with 13 banks reporting lower NPAs in the last ...Read More

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Bhopal: 2 booked for cheating MPHB of Rs 4 Lakhs

Habibganj police arrested a 27-year-old man Sandeep Sen for allegedly getting Rs 4 lakh transferred in his own bank account from Allahaba...Read More

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Govt appoints 14 EDs in state banks

New Delhi : As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an o...Read More

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Managing Directors for state-run banks named

Mumbai : Syndicate Bank’s executive director S S Mallikarjuna Rao is most likely to be appointed as the managing director and CEO of Alla...Read More

All Bank hopes to come out of PCA in 2020

All Bank hopes to come out of PCA in 2020

Kolkata: State-owned lender Allahabad Bank is targeting to come out of the prompt corrective action (PCA), imposed on it by the Reserve B...Read More

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