Allahabad Bank

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  Indian Bank To Open Representative Office In Dubai To Expand Foreign Operations

  Indian Bank plans to open a representative office in Dubai after board approval, while exploring Malaysia and Indonesia. The lender also plans 100 new domestic branches and 2,500 hires to expand operations.

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

  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.

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  Intermediate Mechanism For NPA Resolution On Anvil: Vinod Rai

  "Pricing is the commercial judgement of the institution. And I don't think it would be fair to have an outside agency take that decision," Mr Rai said.

• Banking operations partially affected as employees go on strike

  Banking operations in public sector banks across the country were partially hit today as a section of employees were on one-day strike protesting banking reforms.

• Mid-cap State-run Banks Gain on Unwinding of Short Positions

  Mid-cap state-run banks gained today as investors unwind short positions. Traders cited better-than-expected GDP data.

• Mid-cap State-run Banks Gain on Fresh Long Positions

  India's WPI in August eased to 3.74 per cent, its lowest level in nearly five years, government data showed.

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

  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

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

  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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  Allahabad Bank Reports Rs 689-Crore Fraud

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

• Allahabad Bank Q1 Net Down 73 Per Cent at Rs 112.72 Crore

  State-owned Allahabad Bank on Friday reported a 72.6 per cent decline in net profit at Rs 112.72 crore for the first quarter that ended in June 2014 on account of a rise in bad debts.

• RBI, Cabinet Secretary Scrutinizing Appointments of PSU Bank Chiefs: Jaitley

  Close on the heels of Syndicate Bank chairman's arrest for alleged graft, Finance Minister Arun Jaitley has said the government will deal with PSU lenders sternly and is scrutinizing recent appointments of bank heads.

• Shubhalakshmi Panse Joins Federal Bank as Independent Director

  Federal Bank on Wednesday said Shubhalakshmi Panse has joined the private-sector lender's board as an independent director.

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  Allahabad Bank Slashes Lending Rates By 45 Basis Points. Details Here

  Allahabad Bank has decided to reduce the base rate and BPLR of the bank by 45 basis points

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  Allahabad Bank Slashes Lending Rates By 45 Basis Points. Details Here

  Allahabad Bank has decided to reduce the base rate and BPLR of the bank by 45 basis points

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  RBI Penalises Allahabad Bank, Corporation Bank

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