Allahabad Bank Reports A Net Loss Of Rs.1944 Crores
One of the largest state-owned lenders, Allahabad Bank released their first quarterly report for the current fiscal year with a net loss of Rs. 1994 crores. The...
Tag : allahabad bank
BBB asked to shortlist MD, CEO for Allahabad Bank by FinMin
Banks Board Bureau (BBB) has been asked to shortlist candidates for the post of CEO and MD at Allahabad Bank, by the finance ministry (FinMin)....
Allahabad Bank proposes to divest stake in Sompo Insurance
Allahabad Bank has a medium term target to sell its 30% holdings, in Universal Sompo General Insurance. This will be done with a view to sell...
Allahabad Bank to sell Rs.101 cr Khaitan Electricals debt
Allahabad Bank will put on sale bad loans worth Rs.101 crore of Khaitan Electricals Ltd (KEL). The bank has scheduled e-auction for the sale of the loan on...
Allahabad Bank has issued shares worth Rs 418 cr on pref basis
Allahabad Bank has issued over 5.65 crore equity shares on preferential basis to the government at an issue price of Rs 73.95 each. Allahabad Bank...
Allahabad Bank reduces the lending rate by 0.85%
Allahabad Bank has reduced its benchmark lending rate by 0.85 percent. Allahabad Bank has said in a statement that the bank has reduced the marginal...
Allahabad Bank has merged its wholly owned subsidiary AIIBank Finance with itself
Allahabad Bank has merged its wholly-owned subsidiary AIIBank Finance with itself. The Board of Directors have given their approval to the merger. Allahabad Bank has...
LIC going to infuse Rs 57 crore into Allahabad Bank
Allahabad Bank is going to raise Rs 57.5 crore through issuing shares on a preferential basis to LIC. At the bank’s extraordinary general meeting which...
Allahabad Bank cuts its base rate by 0.3%
Within hours of RBI’s reduction in its key policy rate third time this year, the Allahabad Bank has cut its base rate or minimum lending...