Allahabad Bank share price: Allahabad Bank share price fell as much as 14.53 per cent on the BSE to Rs 40.30 after it informed exchanges on Saturday that it had detected a fraud of Rs 1,774.82 crore in loan account of its borrower Bhushan Power and Steel.
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On July 6, state-run Punjab National Bank (PNB) said it had reported an alleged fraud of $554.6 million in Bhushan Power & Steel's accounts
State Bank of India or SBI, the largest commercial bank in the country, has decided to do away with IMPS (Immediate Payment Service) charges for its internet banking, mobile banking and YONO (You Only Need One) customers. The IMPS charge will be nil for such customers, with effect from August 1, SBI said in a statement. For bank branches, SBI has a...
Consumer inflation picked up to 3.18 per cent in June, from 3.05 per cent in the previous month, government data showed on Friday. That marked the highest level of consumer inflation recorded since October 2018, when it stood at 3.38 per cent. Friday's data also showed that retail inflation - the rate of increase in consumer prices determined by th...
The minister said that the State Bank of India has filed an application under the Insolvency and Bankruptcy Code, which has been admitted by NCLT
State Bank of India (SBI) has reduced its benchmark lending rate by five basis points or 0.05 per cent across tenors. The new rate, effective from today, marks the third reduction by SBI this financial year, the country's largest lender said in a statement. SBI's revision of its marginal cost of funds-based lending rate (MCLR) comes a day after Res...
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