Allahabad Bank

PSU banks hit by almost 2,500 fraud cases in first quarter, SBI leads the pack

Allahabad Bank topped the list in cases where the bank's own employees were involved in frauds.

published on : 26th November 2019

Allahabad Bank loss widens to Rs 2,103 crore in second quarter on higher bad loans

Net NPAs came down to 5.98 per cent (Rs 8,502.09 crore) from 7.96 per cent (Rs 11,082.74 crore) in the year-ago period, it said.

published on : 8th November 2019

Indian Bank grows 26 per cent in 2nd quarter, focuses on Allahabad Bank absorption

During the first half of the fiscal (HI), the bank’s net profit grew by 101 per cent at Rs 724 crore, against Rs 359 crore during H1FY19. 

published on : 24th October 2019

Portals seeking customer views on merger with Allahabad Bank to be set soon: Indian Bank

A meeting was organised in Vijayawada recently following the in-principle approvals from the respective boards of Indian Bank and Allahabad Bank.

published on : 14th October 2019

Canara Bank board to meet next week to consider Rs 9,000 crore capital infusion

Last week, the government unveiled a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders.

published on : 4th September 2019

After SBI, more PSU banks link deposit and loan rates to repo

Bank of India said another dimension of rate transmission process is by way of offering repo linked lending rate to select customer segments, including personal loans.

published on : 10th August 2019

Allahabad Bank reports about Rs 688 crore fraud by SEL Manufacturing

NCLT is looking into the case of fully provided non-performing account, SEL Manufacturing Ltd with outstanding dues of Rs 688.27 crore.

published on : 17th July 2019

RBI imposes penalty on four banks including Punjab National Bank for non-compliance of KYC rules

While Punjab National Bank, Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, Corporation Bank has been asked to pay Rs 25 lakh as a penalty.

published on : 3rd July 2019

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

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

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

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