Allahabad Bank

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Allahabad Bank - Total results - 123
Allahabad Bank logs Rs 128 cr profit in Q1; okays raising Rs 2,000 cr equity capital through QIP
Business

Allahabad Bank logs Rs 128 cr profit in Q1; okays raising Rs 2,000 cr equity capital through QIP

State-owned Allahabad Bank on Wednesday said it will raise an equity capital of up to Rs 2,000 crore through qualified institutional placement (QIP)

Punjab & Sind Bank shares drop over 6% after lender flags Rs 238-cr fraud by Bhushan Power and Steel
Business

Punjab & Sind Bank shares drop over 6% after lender flags Rs 238-cr fraud by Bhushan Power and Steel

Shares of Punjab & Sind Bank on Thursday fell over 6 percent after the lender reported over Rs 238-crore fraud by Bhushan Power and Steel (BPSL)

Punjab & Sind Bank reports about Rs 238 cr fraud by Bhushan Power; third instance after disclosures by PNB, Allahabad Bank
Business

Punjab & Sind Bank reports about Rs 238 cr fraud by Bhushan Power; third instance after disclosures by PNB, Allahabad Bank

Bhushan Power and Steel has misappropriated bank funds, manipulated books of accounts to raise funds from a consortium of lender banks

Allahabad Bank reports Rs 688 cr fraud by SEL Manufacturing; matter before NCLT
Business

Allahabad Bank reports Rs 688 cr fraud by SEL Manufacturing; matter before NCLT

Allahabad Bank has already made provisions amounting to Rs 900.20 crore against the exposure of the bank in BPSL

Not backing out from buying Bhushan Power and Steel, but anxious about alleged fraud reports: JSW tells NCLT
Business

Not backing out from buying Bhushan Power and Steel, but anxious about alleged fraud reports: JSW tells NCLT

JSW Steel on Monday told the National Company Law Tribunal that the company is not backing out from the ongoing resolution process of Bhushan Power & Steel despite reports of alleged fraud by its former promoters

Allahabad Bank shares drop 8% as govt-run lender informs RBI about Rs 1,775 cr fraud by Bhushan Power and Steel
Business

Allahabad Bank shares drop 8% as govt-run lender informs RBI about Rs 1,775 cr fraud by Bhushan Power and Steel

Allahabad Bank stock dropped 14.5 percent on Monday after the company reported a fraud of Rs 1,775 crore by Bhushan Power and Steel to the Reserve Bank of India

FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr
Business

FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr

Five weak banks under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) too need capital to maintain minimum regulatory capital ratios as per the Basel III norms.

PNB likely to take control of Allahabad Bank, two other PSBs; process may start in next 3 months
Business

PNB likely to take control of Allahabad Bank, two other PSBs; process may start in next 3 months

PNB could start the process of taking control of the banks in the next three months, according to the sources, who declined to be named, as they are not authorised to speak to the media.

Allahabad Bank's Q4 net loss widens to Rs 3,834 cr; bad loans rise to 17.55%
Business

Allahabad Bank's Q4 net loss widens to Rs 3,834 cr; bad loans rise to 17.55%

Allahabad Bank on Friday reported widening of net loss to Rs 3,834.07 crore during the fourth quarter of 2018-19 financial year due to mounting bad loans

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out
Business

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out

The company has filed a bankruptcy application with NCLT Mumbai, which has put a moratorium on any action by creditors against Antrix Diamond Exports till corporate insolvency resolution or approval of resolution plan by the bench.

Financial Intelligence Unit slams Allahabad Bank for not filing transaction reports of NGOs receiving foreign funds
Business

Financial Intelligence Unit slams Allahabad Bank for not filing transaction reports of NGOs receiving foreign funds

Allahabad Bank admitted that it had not carried out determination of beneficial ownership regarding top 50 accounts in the name of trusts and societies opened during the previous financial year.

Allahabad Bank looking at raising capital next fiscal; weighs options to dilute stake in insurance JV, sell non-core assets
Business

Allahabad Bank looking at raising capital next fiscal; weighs options to dilute stake in insurance JV, sell non-core assets

Allahabad Bank and others like Indian Overseas Bank, Karnataka Bank and Dabur which had formed the non-life insurance company Universal Sompo had already appointed a consultant for the valuation of the JV.

RBI slaps Rs 3 crore fine on Allahabad Bank, ICICI Bank for non-compliance of various norms
Business

RBI slaps Rs 3 crore fine on Allahabad Bank, ICICI Bank for non-compliance of various norms

The Reserve Bank has imposed a fine of Rs 2 crore on Allahabad Bank for non-compliance of directions with regard to Nostro accounts, the state-owned lender said Tuesday

Corporation Bank, Allahabad Bank, Dhanlaxmi Bank shares jump up to 10% as RBI lifts lending curbs
Business

Corporation Bank, Allahabad Bank, Dhanlaxmi Bank shares jump up to 10% as RBI lifts lending curbs

Shares of Corporation Bank, Allahabad Bank and Dhanlaxmi Bank rose sharply by up to 10.10 percent Wednesday after the RBI lifted lending curbs on these lenders by removing them from its weak-bank watchlist

Allahabad, Corporation, Dhanlaxmi Bank out of RBI's prompt corrective action framework
Business

Allahabad, Corporation, Dhanlaxmi Bank out of RBI's prompt corrective action framework

The RBI on Tuesday lifted lending curbs on two more public sector banks (PSBs), Allahabad Bank and Corporation Bank, by removing them from its weak-bank watch list

Finance ministry expects three to four more lenders to come out of Reserve Bank's PCA framework this year
Business

Finance ministry expects three to four more lenders to come out of Reserve Bank's PCA framework this year

The recent capital infusion of Rs 48,239 crore in 12 PSBs will help Corporation Bank and Allahabad Bank to come out of the PCA framework in the next few weeks

Shares of state-run banks jump after government announces fund infusion as part of recapitalisation programme
Business

Shares of state-run banks jump after government announces fund infusion as part of recapitalisation programme

Shares of India’s state-run banks jumped on Thursday, a day after the government said it will inject 482.39 billion rupees ($6.79 billion) into some lenders

Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks
Business

Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks

The finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans

RBI slaps penalties on 7 banks for non-compliance of norms; Rs 1.5 cr imposed on Allahabad Bank, Bank of Maharashtra, IOB
Business

RBI slaps penalties on 7 banks for non-compliance of norms; Rs 1.5 cr imposed on Allahabad Bank, Bank of Maharashtra, IOB

The Reserve Bank further said Rs 20 lakh fine each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance with various directions on KYC norms and anti-money laundering standards.