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
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
Bhushan Power and Steel has misappropriated bank funds, manipulated books of accounts to raise funds from a consortium of lender banks
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
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
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
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 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 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
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.
PNB scam: Gitanjali Gems headed to liquidation as bankers cite delays; Mehul Choksi-run firm owes creditors over Rs 12,550 cr
Mehul Chokis is a key player in the Rs 14,000-crore Punjab National Bank (PNB) scam
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
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.
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
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
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
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
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
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
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.