Govt Open to Further Consolidation of Banks: Anurag Thakur
The government is open to the further consolidation of banks depending on needs, Minister of State for Finance Anurag Singh Thakur has said. Last year,...
Tag : allahabad bank
Sensex Gains After Three Days of Losses
Indian equities gained for the first time in four days on Friday tracking Asian markets. At 09.30 am, BSE Sensex was 153.32 points or 0.37...
Merger PSU Banks Unlikely to Revive Credit Flow
The merger of Public Sector Banks (PSBs) into four entities is unlikely to revive credit growth or have meaningful cost synergies, said a report by Credit Suisse....
Allahabad Bank, PNB Launch Repo Rate-Linked Retail Loans
Punjab National Bank Punjab National Bank(PNB) and Allahabad Bank have launched retail loan product that is linked to the Reserve Bank of India’s (RBI) repo...
Punjab & Sind Bank Discloses Rs 238 Cr Fraud by Bhushan Power
After disclosures made by Punjab National Bank and Allahabad Bank recently, state-owned Punjab and Sind Bank reported over Rs 238 crores fraud by Bhushan Power...
On Reporting Rs 1,775 crore fraud, Allahabad Bank Declined 15%
After the lender reported fraud of over Rs 1,774 crore on Saturday by Bhushan Power to the Reserve Bank of India, shares of Allahabad Bank...
Allahabad Bank Dips 2%, PSU Bank Shares Slips
In Thursday morning session, shares of various PSU banks were trading in red with losses; were shares of Allahabad Bank were down by 1.84 per...
Five More Banks Fined By The Reserve Bank (RBI)
Reserve Bank of India fines four more banks for non-compliance with various guidelines. The banks were penalized by RBI for not sharing the transaction report...
The Reserve Bank (RBI) Removes Three PSBs From PCA Framework
The Allahabad Bank, Corporation Bank and Dhanlaxmi Bank Ltd has been removed from the Reserve Bank of India (RBI) Prompt Corrective Action framework. The Board...
Union Government To Infuse More Than Rs. 48,200 Crores In 12 PSBs
The government, on Wednesday, has announced to infuse Rs. 48,239 crores into 12 public sector banks in 2018-19 in order to help them meet capital...