• Tag results for Bad bank

Allahabad Bank records net loss of Rs 1,944 crore in Q1

Allocating provisions to cover for its worsening bad loan problem pushed Allahabad Bank into posting a Rs 1,944 crore net loss for the first quarter of FY19.

published on : 15th August 2018

PNB scam: Centre dismisses former MD Usha Ananthasubramanian from service

Ananthasubramanian was, three months back, divested of all her powers as MD of Allahabad Bank, after being named in a CBI charge-sheet in the Rs 14,000 crore fraud case.

published on : 13th August 2018

Nirav Modi scam: PNB, Allahabad Bank boards may decide on further action against senior officials

Soon after Central Bureau of Investigation (CBI) filed charge sheet in May pointed involvement of top officials of banks, PNB's board decided to divest two executive directors of all powers.

published on : 22nd July 2018

Government to inject Rs 113 billion rupees in five state banks in about a week: Source

PNB will get Rs 28.16 billion while Corporation Bank, Indian Overseas Bank, Andhra Bank and Allahabad Bank are the other four lenders in which the government will inject capital in the latest round.

published on : 18th July 2018

Former Finance Ministry officials in shortlist for Public Sector Banks

The Centre is already planning to finalise the acquisition of state-owned IDBI Bank by Life Insurance Corporation of India in three-four months.

published on : 4th July 2018

Series of CEO arrests leave banking community troubled

Sources said, though there are no signs of a challenge in filling up the vacancies yet, bankers are certainly giving a serious thought to the offers being put on the table.

published on : 30th June 2018

Indian economy to grow despite challenges: CII President Rakesh Bharti Mittal

Mittal highlighted the reforms over the past four years and further stated that Goods and Services Tax (GST), Insolvency and Bankruptcy Code were the most relevant reforms.

published on : 13th June 2018

Hong Kong regulator increases supervision on Allahabad Bank branch

According to the filing, the branch should maintain high quality liquid asset in Hong Kong equivalent to 100 per cent of unpledged deposits.

published on : 13th June 2018

Finance Ministry asks Banks Board Bureau to shortlist candidates for Allahabad Bank CEO post

Once BBB shortlists the applicants, the Appointments Committee of the Cabinet (ACC) will finalise the candidate.

published on : 21st May 2018

Allahabad Bank divests its CEO Usha Ananthasubramanian of all powers

Yesterday, the finance ministry had asked the boards of Allahabad Bank and PNB to take action against Ananthasubramanian and two executive directors of PNB.

published on : 15th May 2018

Government initiates action for removal of Allahabad Bank CEO, two PNB directors

The board of Allahabad Bank will meet tomorrow and is likely to divest its CEO and MD Ananthasubramanian of all powers. She was the managing director of PNB till May 5 last year.

published on : 14th May 2018

RBI puts deposit, lending restrictions on Allahabad Bank

The directive has come within days of the RBI imposing similar restrictions on another state-run lender Dena Bank, which is under the Prompt Corrective Action (PCA) of the central bank.

published on : 14th May 2018

Punjab National Bank fraud: Scam now close to USD 2 billion; CBI questions Allahabad Bank MD

The PNB, in a late night filing to stock exchanges, said the scam has swelled by USD 204.25 million.

published on : 27th February 2018

Banking fraud subdues risk-taking appetite, equities close lower

The wider Nifty50 of the National Stock Exchange shed 73.90 points or 0.71 per cent to close at 10,378.40 points. 

published on : 19th February 2018

Rotomac Pen's Rs 800 crore defaulter Vikram Kothari flees country 

The Kanpur-based company's owner Vikram Kothari had taken a loan of more than Rs 800 crore from over five state-owned banks but has not paid back.

published on : 18th February 2018
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