Thu, Jul 27, 2023
State-owned Indian Bank on Thursday posted a 41 per cent increase in net profit at Rs 1,709 crore in the April-June quarter, mainly due to decline in bad loans.
Mon, Sep 27, 2021
On April 1, 2020, OBC and United Bank of India were merged with the Punjab National Bank (PNB). Now everything from the customer to the branch of both the banks belong to PNB. Similarly, Allahabad Bank has been merged with Indian Bank.
Thu, Jun 17, 2021
If you are an Indian Bank customer, here is some important news for you. The state-run bank is informing this to its customers. The bank has been advertising and informing customers about the erstwhile Allahabad Bank IFSC code. The Indian Bank will discontinue the existing IFSC of the erstwhile Allahabad Bank from 1 July 2021
Fri, Mar 06, 2020
In regulatory announcement, Indian Bank said its Board of Directors at a meeting approved the fair equity share exchange ratio of 115 equity shares of Indian Bank for every 1,000 shares of Allahabad Bank which is subject to the statutory and regulatory approvals.
Sun, Mar 01, 2020
It's a big relief to consumers!
Sat, Dec 28, 2019
Three PSU Banks -- Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government.
Tue, Oct 01, 2019
SS Mallikarjuna Rao has been appointed the new Punjab National Bank CEO. This announcement comes after deliberations were carried on the basis of a shortlist of eligible candidates prepared earlier.
Sat, Sep 14, 2019
MD & CEO of Allahabad Bank Mallikarjuna Rao said that the Merger of banks is totally beneficial for the banking sector.
Fri, Sep 13, 2019
According to a regulatory filing by the Allahabad Bank, its Board of Directors would be meeting on September 16 to consider amalgamation with the Indian Bank.
Fri, Aug 30, 2019
Sitharaman said that this consolidation of banks will have 82% business, rest will vest with others.
Thu, Jul 18, 2019
IRCON/SAIL/RVNL, NMDC, Torrent Pharmaceuticals and Allahabad Bank are the stocks that are expected to remain in news today.
Mon, Jul 15, 2019
The BSE Sensex rose 160 points and closed at 38,896 while Nifty 50 index added 35 points and ended at 11,587 levels.
Allahabad Bank share price has crashed around 10 per cent in the intraday trade after the bank officials reported the Bhushan Power & Steel Ltd fraud of Rs 1,774.82 crore.
There are certain stocks that came in news after the market was closed for the day on Friday.
Wed, Jul 03, 2019
The BSE Sensex nudged 22 points higher and closed at 39,839 levels while the 50-stock Nifty added 6 points after closing at 11,916 levels. The Bank Nifty index surge 99 points and closed at 31,382.
Fri, May 10, 2019
In value terms, gross NPAs stood at Rs 28,704.78 crore by end of the last fiscal as against Rs 26,562.79 crore by 2017-18. Net bad loans were worth Rs 7,419.31 crore as compared to Rs 12,229.13 crore earlier.
Thu, Apr 18, 2019
Allahabad Bank Recruitment 2019: For a total 92 vacant positions of Specialist Officer, Allahabad Bank has sought applications from interested candidates at its official Website- www.allahabadbank.in till April 29, 2019
Sat, Apr 13, 2019
Allahabad Bank recruitment 2019: Allahabad Bank has issued a recruitment notification for the 92 posts of Specialist Officer.
Fri, Mar 01, 2019
LIC, Income Tax and Home Loan, Auto Loans Rates Latest Updates: Significant changes in connection to income tax, bank and election-related matters have come into effect from today. From March 1, six rules that concern the common man has been changed.
Wed, Feb 27, 2019
For all the tenors - overnight, one month, three months, six months, one year, two years and three years, the bank has cut the MCLR by 0.10 per cent each to 8.15 per cent, 8.25 per cent, 8.45 per cent, 8.50 per cent, 8.65 per cent, 8.85 per cent and 8.95 per cent respectively, according to the filing.
In Fitch’s view, the authorities' approach to the banking sector has clearly shifted towards spurring lending in recent months.
RBI has released these three banks, Corporation Bank, DhanLaxmi Bank and Allahabad Bank, from PCA framework. Their share prices instantly rocketted!
The RBI further it has also been decided to take Dhanlaxmi Bank out of the PCA Framework, subject to certain conditions and continuous monitoring, as the bank is found to be not breaching any of the Risk Thresholds of the PCA Framework.
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