• Tag results for Bad bank

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

PNB fraud: Allahabad Bank has USD 366.87 million outstanding exposure

Punjab National Bank (PNB), the country's second largest public sector bank, had detected the $1.8 billion fraud in one of its branches in Mumbai.

published on : 16th February 2018

Punjab National Bank identifies lenders over LoU's issued in Nirav Modi fraud case

The fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of Punjab National Bank (PNB) were in favour of Hong Kong branches of Allahabad Bank and Axis Bank.

published on : 15th February 2018

Housing and Urban Affairs Ministry, Allahabad Bank ink MoU for web portal to process

Allahabad Bank MD and CEO Usha Ananthasubramanian and Joint Secretary in the ministry Sanjay Kumar signed the Memorandum of Understanding.

published on : 9th January 2018

Allahabad Bank to sell Rs 101-crore Khaitan Electricals debt

The company, in a release, said it also has outstanding loans with State Bank of India, IDBI Bank, Indian Bank, Bank of India and Religare Finvest Ltd.

published on : 17th November 2017

Allahabad Bank Q2 net rises eight per cent to Rs 70 crore

Allahabad Bank posted a 7.9 per cent rise in net profit at Rs 70.20 crore for the September quarter despite rise in non-performing assets.

published on : 10th November 2017

Government appoints executive directors in nine public sector banks

The government has approved the appointment of executive directors for nine public sector banks.

published on : 10th October 2017