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  • EMI of SBI account holders to reduce, depositors of BOB and Allahabad Bank to benefit too

    Good news for SBI, BoB and Allahabad Bank loan customers; EMIs to go down

    Business | February 14, 2020 18:28 IST

    There'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). 

  • After SBI, Allahabad Bank cuts MCLR; Home loans to get cheaper

    After SBI, Allahabad Bank cuts MCLR; Home loans to get cheaper

    Business | October 11, 2019 18:32 IST

    The 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.

  • PNB, Allahabad Bank launch loan products linked to repo rate

    PNB, Allahabad Bank launch loan products linked to repo rate

    Business | August 27, 2019 21:18 IST

    Leading 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.

  • Representational image

    Allahabad bank reports Rs 688.27 crore fraud

    Business | July 18, 2019 9:06 IST

    Allahabad Bank on Wednesday reported a fraud of Rs 688.27 crore by a Ludhiana-based textile company.

  • Representational image

    Allahabad Bank defrauded of Rs 17,775 cr by Bhushan Power & Steel

    Business | July 13, 2019 19:11 IST

      The 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".

  • Allahabad Bank has outstanding exposure of Rs 516.79 cr in

    Allahabad Bank has outstanding exposure of Rs 516.79 cr in Rotomac group

    Business | February 22, 2018 11:02 IST

    The 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.

  • Exclusive: Proof that Allahabad Bank transferred Rs 285 cr to Hong Kong based on 8 LoUs

    Exclusive: Proof that Allahabad Bank transferred Rs 285 cr to Hong Kong based on 8 LoUs

    News | February 20, 2018 12:59 IST

  • PNB fraud: Scam took place during UPA regime, claims former

    PNB fraud: Scam took place during UPA regime, claims former Allahabad Bank director

    Business | February 16, 2018 23:39 IST

    The 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.

  • Among 17 banks, Allahabad Bank has highest exposure of Rs

    Among 17 banks, Allahabad Bank has highest exposure of Rs 2000 crore through PNB’s LoUs: Reports

    Business | February 16, 2018 17:34 IST

    Besides 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.

  • Allahabad Bank suffers Rs 1,263.8 cr loss in Q3

    Allahabad Bank suffers Rs 1,263.8 cr loss in Q3

    Business | February 14, 2018 19:13 IST

    The 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.

  • centre appoints executive directors to nine public sector

    Centre appoints Executive Directors to nine public sector banks

    March 11, 2015 20:18 IST

    New 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

  • mega achieves financial closure for metro rail in gujarat

    MEGA achieves financial closure for Metro Rail in Gujarat

    India | August 31, 2013 8:11 IST

    Ahmedabad: 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

  • allahabad bank q4 net profit falls 68.5 at rs 126.15 cr

    Allahabad Bank Q4 net profit falls 68.5% at Rs 126.15 cr

    May 07, 2013 16:12 IST

    New 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

  • banks net to plunge 11 pc qoq says stanchart secs

    Banks net to plunge 11 pc QoQ, says StanChart Secs

    July 10, 2012 15:55 IST

    Mumbai, 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

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