[

allahabad bank

]

Latest from allahabad bank

From LPG price to new excise policy, check major changes from Oct 1 

  • As we step into the next month, it's crucial to be aware of all these changes that surely will affect us in our day-to-day life.
LPG prices are revised every month. Customers can expect another hike in their cooking gas cylinders from October 1. (Representational, File Image)(PTI)
LPG prices are revised every month. Customers can expect another hike in their cooking gas cylinders from October 1. (Representational, File Image)(PTI)
Published on Sep 30, 2021 10:54 AM IST
Copy Link
Written by Shubhangi Gupta | Edited by Amit Chaturvedi

Bad bank to fix a fee to manage stressed assets

Lenders sell stressed loans to asset reconstruction companies (ARCs) at a discount, either in exchange for cash or a mix of cash and security receipts.
NARCL had received <span class='webrupee'>₹</span>74.6 crore from a set of eight public sector banks.(Reuters )
NARCL had received 74.6 crore from a set of eight public sector banks.(Reuters )
Published on Sep 06, 2021 03:48 AM IST
Copy Link
Livemint | ByShayan Ghosh, Mumbai

Eight PSU banks fined by RBI for violating regulatory norms

The eight banks were penalised 1 crore to 2 crore for violating norms .
RBI issued notices to the banks to show cause as to why penalty should not be imposed.(REUTERS photo)
RBI issued notices to the banks to show cause as to why penalty should not be imposed.(REUTERS photo)
Published on Aug 03, 2019 03:22 PM IST
Copy Link
Mumbai (Maharashtra) | ByAsian News International

Allahabad Bank reports $259 million alleged fraud by Bhushan Power & Steel

Allahabad Bank said in a statement that it had told the Reserve Bank of India (RBI) that it had identified a fraud worth $259 million in Bhushan’s accounts.
The Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month.(HT File)
The Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month.(HT File)
Updated on Jul 14, 2019 09:23 AM IST
Copy Link
New Delhi | ByReuters

PNB likely to take control of 2-3 small state-run banks: Report

This could be the one of the first decisions to be taken by the new government after election results to be announced on May 23.
India’s Punjab National Bank is looking to merge with two or three government owned banks that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank(PTI)
India’s Punjab National Bank is looking to merge with two or three government owned banks that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank(PTI)
Updated on May 21, 2019 07:08 PM IST
Copy Link
New Delhi | ByReuters

Sensex ends 68 points lower as Indo-Pak tensions escalate

The Sensex fell over 600 points at around 11 a.m. from its day’s high following reports that Pakistani jets had violated the Indian air space.
Sensex ends 68 points lower as Indo-Pak tensions escalate(REUTERS)
Sensex ends 68 points lower as Indo-Pak tensions escalate(REUTERS)
Updated on Feb 27, 2019 06:20 PM IST
Copy Link
Mumbai | ByIndo Asian News Service

Centre clears plan to infuse Rs 48,000 crore in 12 state-owned banks

The government in December last year had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.
The recapitalisation is meant to maintain regulatory capital requirements and finance growth plans.(Getty Images/iStockphoto)
The recapitalisation is meant to maintain regulatory capital requirements and finance growth plans.(Getty Images/iStockphoto)
Updated on Feb 20, 2019 06:22 PM IST
Copy Link
New Delhi | ByPress Trust of India

In a bid to boost economy, 3 banks taken off RBI watchlist

Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC) are now out of the Prompt Corrective Action (PCA) Framework, a move that will help expand loan growth to prop up economy.
Reserve Bank of India RBI building,sansad marg;17/09/2012;photo:pradeep gaur/mint(File Photo)
Reserve Bank of India RBI building,sansad marg;17/09/2012;photo:pradeep gaur/mint(File Photo)
Updated on Jan 31, 2019 10:31 PM IST
Copy Link
Press Trust of India | ByPress Trust of India

Government dismisses former Punjab National Bank MD from service

The government on Monday dismissed Usha Ananthasubramanian, former managing director of scam hit Punjab National Bank and Allahabad Bank, from service
Punjab National Bank in New Delhi.(Livemint File Photo)
Punjab National Bank in New Delhi.(Livemint File Photo)
Updated on Aug 13, 2018 07:33 PM IST
Copy Link
New Delhi | ByPress Trust of India

Think twice before busting India’s ailing banks

Most small and medium enterprises are still dependent on bank credit -- particularly from state-owned banks, since private-sector banks tend to avoid lending to companies.
On Monday, federal investigators went after Usha Ananthasubramanian, currently the head of state-run Allahabad Bank, filing formal charges over her alleged involvement in a multi-billion dollar fraud involving jeweller Nirav Modi.(File photo)
On Monday, federal investigators went after Usha Ananthasubramanian, currently the head of state-run Allahabad Bank, filing formal charges over her alleged involvement in a multi-billion dollar fraud involving jeweller Nirav Modi.(File photo)
Updated on May 17, 2018 07:22 PM IST
Copy Link
Bloomberg | ByMihir Sharma

Allahabad Bank divests CEO of all powers after CBI chargesheet in PNB scam

Allahabad Bank managing director and chief executive officer Usha Ananthasubramanian was divested of all powers following a directive from the finance ministry.
Usha Ananthasubramanian was the chief managing director of Punjab National Bank till May 2017.(Reuters/Photo for representation)
Usha Ananthasubramanian was the chief managing director of Punjab National Bank till May 2017.(Reuters/Photo for representation)
Published on May 15, 2018 07:27 PM IST
Copy Link
Press Trust of India, Mumbai | By

PNB fraud: Govt initiates process to remove bank officials named in CBI chargesheet

Former MD of PNB and the current MD of Allahabad Bank, Usha Ananthasubramanian, and two PNB executive directors — Sanjeev Sharan and KV Brahmaji Rao — have been named in the chargesheet filed by the CBI.
CBI filed its first charge sheet in the PNB scam by billionaire jeweller Nirav Modi on May 14.(Reuters File Photo)
CBI filed its first charge sheet in the PNB scam by billionaire jeweller Nirav Modi on May 14.(Reuters File Photo)
Updated on May 15, 2018 06:19 PM IST
Copy Link
Live Mint, New Delhi | ByRemya Nair

CBI files chargesheet in Nirav Modi case, names ex-PNB chief, senior officials

The CBI chargesheet details the alleged role of PNB’s former chief Usha Ananthasubramanian, who is now Allahabad Bank CEO and MD.
The CBI has detailed the roles of Nirav Modi, his brother Nishal Modi and Subhash Parab, an executive in Nirav Modi’s company.(Reuters File Photo)
The CBI has detailed the roles of Nirav Modi, his brother Nishal Modi and Subhash Parab, an executive in Nirav Modi’s company.(Reuters File Photo)
Updated on May 14, 2018 04:56 PM IST
Copy Link
Press Trust of India, New Delhi | ByPress Trust of India
SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, January 20, 2022