Recent Highlights
All Stories for Allahabad Bank
Indian Bank NPA to rise, no change in board post-merger, says MD & CEO Padmaja Chunduru
• 5 years agoIndian Bank on Thursday said its board will remain unchanged following its merger with Allahabad Bank on 1 April, but its non-performing assets will soar
10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
• 5 years agoThe Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020
Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
• 5 years agoAccording to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger.
Allahabad Bank cuts MCLR by 5 bps across tenors, no change in one-month MCLR of 7.85%; revised rates to be effective from tomorrow
• 5 years agoThe Asset Liability Management Committee of Allahabad Bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors.
Indian Bank Q3 profit jumps 62% to Rs 247 cr on reduction in bad loans; results very much in line with expectations, says CEO Padmaja Chunduru
• 5 years agoIndian Bank's net NPAs as a percentage of assets reduced to 3.5% during October-December 2019-20 from 4.42% in the year-ago period.
Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year
• 5 years agoAllahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.
Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
• 5 years agoThe complete harmonisation among the three entities would take another 12 to 14 months after the merger
Allahabad Bank Result 2019: Allahabad Bank releases Specialist Officer examination result on allahabadbank.in
Fp Staff • 5 years agoAllahabad Bank had notified a total of 92 vacancies for SO posts, 14 for JMG Scale-I and 78 in MMG Scale-II posts
Boards of Corporation Bank, Allahabad Bank give in-principal approval for respective merger plans
• 5 years agoCorporation Bank on Monday said the board has given its in-principle approval for the merger with Union Bank of India
Indian Bank expects to complete merger with Allahabad Bank by 31 March: Managing Director Padmaja Chunduru
• 6 years agoState-owned Indian Bank expects to complete the merger with Allahabad Bank by the end of current fiscal, a top official said