TheNewsClues
Clues by Admin • 9 Nov 2018, Friday
Allahabad Bank on Thursday said that the government had infused Rs 3,054 crore into the state-run lender. The government will infuse fresh capital towards contribution of the central government in the preferential allotment of equity shares (special securities/bonds) of the ... Continue Reading
Read More at Livemint
Clues by Admin • 23 Aug 2018, Thursday
A group of lenders, including Bank of India, State Bank of India (SBI), Allahabad Bank and Dena Bank, is planning to jointly dispose of distressed loans amounting to over Rs 7,300 crore in the first half of September. Bank of India ... Continue Reading
Read More at The Economic Times
Clues by Admin • 12 Jun 2018, Tuesday
Allahabad Bank has referred 65 accounts of stressed assets involving an amount of about Rs 12,566 crore to the National Company Law Tribunal (NCLT) for resolution under Insolvency and Bankruptcy Code (IBC) during last fiscal. The bank said in its annual ... Continue Reading
Read More at The Economic Times
Clues by Admin • 16 May 2018, Wednesday
State-run lender Allahabad Bank has taken away all functional powers from its managing director and chief executive officer Usha Ananthasubramanian after a directive from government. Usha Ananthasubramanian, along with 21 others, was named in the first information report (FIR) filed by ... Continue Reading
Read More at The Hindu
Clues by Admin • 15 May 2018, Tuesday
India’s central bank, Reserve Bank of India, curbed the lending powers of state run Allahabad Bank after its capital adequacy ratio (CAR) fell to 8.69% as on March 31, 2018, below the regulatory requirement of 9%. The bank was already facing some ... Continue Reading
Read More at The Hindu
Clues by Admin • 14 May 2018, Monday
The government today took a tough stand in connection with the $2 billion PNB fraud case and asked the board of Allahabad Bank to divest its CEO and MD Usha Ananthasubramanian, former chief of Punjab National Bank, of all powers. The ... Continue Reading
Read More at Times Now
Clues by Admin • 4 May 2018, Friday
An insolvency petition has been filed against the Tayal group owned KSL & Industries at the NCLT’s Ahmedabad chapter by Allahabad Bank for failure to repay a loan of Rs 800 crore by the former. The promoter of the ... Continue Reading
Read More at The Economic Times
Clues by Admin • 28 Apr 2018, Saturday
State-run Allahabad Bank said that it will raise benchmark lending rates by up to 10 basis points from May 1, a move that may increase the interest rates on existing as well as new home, auto and personal loans. It has raised ... Continue Reading
Read More at The Economic Times
Clues by Admin • 19 Mar 2018, Monday
Allahabad Bank has moved NCLT seeking insolvency resolution of two state owned enterprises under the West Bengal Transport department. The bank levelled charges against West Bengal Surface Transport Corp. Ltd (WBSTC) and West Bengal Transport Infrastructure Development Corp. Ltd (WBTIDC) ... Continue Reading
Read More at Livemint
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