Allahabad Bank
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Good news for SBI, BoB and Allahabad Bank loan customers; EMIs to go down
Business | Feb 14, 2020, 06:28 PM ISTThere's good news for customers who are paying EMIs for their loans with State Bank of India, Bank of Baroda and Allahabad Bank. From today, the EMIs of SBI loans - India's largest bank - will go down as the bank has reduced the MCLR by 0.05 per cent. Bank of Baroda and Allahabad Bank has also reduced the MCLR by the same value. The new rates are applicable from today (February 14).
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After SBI, Allahabad Bank cuts MCLR; Home loans to get cheaper
Business | Oct 11, 2019, 06:32 PM ISTThe bank's asset-liability management committee has reviewed the existing MCLRs and decided for a downward revision of MCLRs by 5 bps across different tenors, it said in a regulatory filing.
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PNB, Allahabad Bank launch loan products linked to repo rate
Business | Aug 27, 2019, 09:18 PM ISTLeading state-owned lender Punjab National Bank and Allahabad Bank on Tuesday announced linking of their retail loans with the Reserve Bank's repo rate, which will make loans cheaper.
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Allahabad bank reports Rs 688.27 crore fraud
Business | Jul 18, 2019, 09:06 AM ISTAllahabad Bank on Wednesday reported a fraud of Rs 688.27 crore by a Ludhiana-based textile company.
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Allahabad Bank defrauded of Rs 17,775 cr by Bhushan Power & Steel
Business | Jul 13, 2019, 07:11 PM ISTThe bank said in a regulatory filing that "on the basis of forensic audit investigation findings and CBI filing FIR, on suo moto basis, against the Company and its Directors, alleging diversion of funds from banking system by the Bank's borrower namely Bhushan Power & Steel Ltd (BPSL), a fraud of Rs 1,774.82 core has been reported by the Bank to the Reserve Bank of India".
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Allahabad Bank has outstanding exposure of Rs 516.79 cr in Rotomac group
Business | Feb 22, 2018, 11:02 AM ISTThe bank said the accounts of Rotomac Global and Rotomac Exports have been filed in National Company Law Tribunal (NCLT) and was admitted on September 20, 2017.
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Exclusive: Proof that Allahabad Bank transferred Rs 285 cr to Hong Kong based on 8 LoUs
News | Feb 20, 2018, 12:59 PM IST -
PNB fraud: Scam took place during UPA regime, claims former Allahabad Bank director
Business | Feb 16, 2018, 11:39 PM ISTThe official, identified as Dinesh Dubey – former Allahabad bank director, claimed that he was forced to resign from post due to pressure from the then Finance Secretary for trying to expose the scam.
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Among 17 banks, Allahabad Bank has highest exposure of Rs 2000 crore through PNB’s LoUs: Reports
Business | Feb 16, 2018, 05:34 PM ISTBesides Allahabad Bank, names of 16 banks including SBI, Union Bank of India and Axis Bank have also featured in the list banks that offered credit on PNB's LoUs. Among them, the Allahabad Bank has the largest exposure.
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Allahabad Bank suffers Rs 1,263.8 cr loss in Q3
Business | Feb 14, 2018, 07:13 PM ISTThe Allahabad Bank also reported higher Gross NPAs and Net NPAs during the third quarter of this fiscal at 14.38 per cent (12.51 per cent) and 8.97 per cent (8.65 per cent) respectively.
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Centre appoints Executive Directors to nine public sector banks
Mar 11, 2015, 08:18 PM ISTNew Delhi: The Appointments Committee of the Cabinet has approved appointment of executive directors to nine public sector banks filling up vacancies which had not been filled since a long time.Ravi Shankar Pandey, GM, Union
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MEGA achieves financial closure for Metro Rail in Gujarat
India | Aug 31, 2013, 08:11 AM ISTAhmedabad: Metro Link Express for Gandhinagar and Ahmedabad (MEGA), a Special Purpose Vehicle (SPV) floated by the Gujarat government to execute metro rail project here, has achieved financial closure for the first phase of the
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Allahabad Bank Q4 net profit falls 68.5% at Rs 126.15 cr
May 07, 2013, 04:12 PM ISTNew Delhi, May 7: State-owned Allahabad Bank today posted 68.5 per cent decline in net profit at Rs 126.15 crore for the fourth quarter ended March 31, 2013 on account of rise in bad loans.The
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Banks net to plunge 11 pc QoQ, says StanChart Secs
Jul 10, 2012, 03:55 PM ISTMumbai, July 10: Led by state-run banks which are set to report increased strains on asset quality, the banking sector is set to see profits decline by 11 percent in Q1 sequentially but a 43