Allahabad Bank

Allahabad Bank Reports Rs 689-Crore Fraud

Business | Thomson Reuters | Wednesday July 17, 2019

Earlier this month, Allahabad Bank had flagged a $259 million fraud by bankrupt steelmaker Bhushan Power & Steel Ltd

Allahabad Bank Drops On Detecting Fraud Of Rs 1,775 Crore In Bhushan Power Loan Account

Business | NDTV Profit Team | Monday July 15, 2019

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.

Allahabad Bank Reports Rs 1,775 Crore Alleged Fraud By Bhushan Power & Steel

Business | Thomson Reuters | Sunday July 14, 2019

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

After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm

India News | Reuters | Sunday July 14, 2019

Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts.

PNB, Allahabad Bank, 2 Other Lenders Fined For Non-Compliance With Norms

Business | ANI | Wednesday July 3, 2019

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

PNB Likely To Take Control Of Allahabad Bank, 2 Other Public Sector Banks: Report

Business | Thomson Reuters | Tuesday May 21, 2019

The government is seeking to consolidate the nation's debt-burdened state banking sector.

Allahabad Bank SO Recruitment 2019: Apply For 92 Posts Online

Jobs | NDTV Education Team | Thursday April 11, 2019

Allahabad Bank has announced 92 Specialist Officer vacancies and has begun online application for the recruitment process.

Allahabad Bank To Raise Rs 500-600 Crore Next Fiscal

Business | Indo-Asian News Service | Friday March 15, 2019

This comes close on the heels of its coming out from the prompt corrective action (PCA) framework of the Reserve Bank of India.

RBI Takes Three Banks Off Corrective Action List

Business | Thomson Reuters | Tuesday February 26, 2019

The three banks are state-controlled Allahabad Bank and Corporation Bank and privately held Dhanlaxmi Bank.

Allahabad Bank Using Capital Infusion To Exit Corrective Action Framework

Business | Indo-Asian News Service | Friday February 22, 2019

The net NPA was at Rs 10,865.26 crore in the third quarter, down from Rs 11,082.74 crore by the end of the September quarter.

RBI Penalises Allahabad Bank, Corporation Bank

Business | Indo-Asian News Service | Saturday February 9, 2019

Reserve Bank of India (RBI) imposed a penalty of Rs 2 crore on government-owned Corporation Bank.

CBI Court Grants Bail To Usha Anathasubramanian In PNB Fraud Case

India News | Press Trust of India | Monday August 20, 2018

A special CBI court in Mumbai granted bail today to Usha Ananthasubramanian, former managing director and CEO of Allahabad bank, in connection with the Rs 14,000 crore fraud at the Punjab National Bank (PNB).

Government Dismisses Former Managing Director Named In PNB Scam

India News | Press Trust of India | Monday August 13, 2018

The government today dismissed Usha Ananthasubramanian, former managing director of scam hit Punjab National Bank and Allahabad Bank, from service, according to an official notification.

HDFC Bank Revises Fixed Deposit Interest Rates; What SBI, ICICI Bank, Allahabad Bank Pay

Business | NDTV Profit Team | Friday July 6, 2018

HDFC Bank, the largest private lender of the country, revised interest rates on fixed deposit (FD) accounts of various tenures with effect from July 6, 2018.

Allahabad Bank Refers 65 Bad Loan Accounts To Tribunal For IBC Resolution

Business | Indo-Asian News Service | Monday June 11, 2018

Allahabad Bank said the number of "wilful defaulters" declared by the bank stood at 257, a two-and half-fold jump from March 2017 figure of 101.