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ALLAHABAD BANK GOVERNMENT
Civil society platform seeks Suvendu help to stop SBI from shifting key centres from KolkataA civil society group has asked West Bengal Chief Minister Suvendu Adhikari to stop State Bank of India from moving key processing centres ...- Chief executives of Oriental Bank of Commerce, United Bank of India designated as OSD in PNBThe merger of PNB with OBC and UBI has created the country's second largest state-owned bank with Rs 7.7 lakh crore advances. OBC chief exe...
- Bank unions announce strike on March 27 to oppose bank mergersThis comes days after bank unions called off a three-day bank strike which was scheduled from March 11. The strike had been called after ta...
- Indian Bank likely to retain its name after merger with Allahabad BankSome other non-anchor lenders in the mega merger exercise have also requested the government for new names and logo, unlike in the Bank of ...
- Allahabad Bank gets fresh capital of Rs 2,153 cr from govtThe Department of Financial Services in a letter conveyed the sanction for release of the fresh capital infusion fund of Rs 2,153 crore, Al...
- Portals seeking views on merger to be rolled out: Indian BankIndian Bank would be amalgamated with Allahabad Bank under the Centre's move to merge various public sector banks.
- PSB mergers: Anchor banks likely to fare better on boursesThe worst hit could be Indian Bank as Allahabad Bank has net NPAs exceeding its net worth.
- Govt raises authorised capital of Allahabad Bank to Rs 8,000 crThe increase in authorised capital will help enable the bank to raise further fund up to a maximum ceiling of Rs 8,000 crore.
- PCA relief: Dhanlaxmi, Corporation, Allahabad Bank shares jump up to 10%Shares of Dhanlaxmi Bank rose 10 per cent to hit a high of Rs 15.40 at the open.
- With 3 more PCA exits, bank lending set to get a boostThese banks will now be “subject to certain conditions and continuous monitoring”.
- Universal Sompo’s rights issue: Promoter banks stay awaySompo holds 26 per cent in the general insurance joint venture.
- Government to infuse Rs 1,140 crore capital into Allahabad, Corporation BankState-run Corporation Bank today said its board has approved capital infusion of Rs 857 crore by the government.
- Few Banks may find difficulties in lowering base rates: India RatingsMonetary easing by the Reserve Bank of India may not translate into a Base rate cut by all banks. A few stressed banks will find it difficu...
- Allahabad Bank seeks Rs 900 crore capital from governmentThe government has budgeted only Rs 11,200 for capital infusion in public sector banks during this fiscal.
- Government infuses Rs 700 cr, Rs 400 cr in Dena and Allahabad BankGovernment today infused Rs 700 crore and Rs 400 crore in Dena Bank and Allahabad Bank respectively through preferential share allotment ro...
- Allahabad Bank, Punjab National Bank to sell 5% shares each to Life Insurance Corporation for Rs 2000 croreLIC will buy fresh shares in state-run A'bad Bank and PNB that will compensate for the Union govt's inability to invest funds in the lender...
- Allahabad Bank to get 670 cr from govt; stock upAllahabad Bank will receive 670 crore as fresh equity from the government before March, to raise the government holding in the bank to 58% ...
- Govt to infuse Rs 909.9 cr in Andhra Bank, Allahabad BankWith the capital infusion, the stake of Government of India in Allahabad Bank would go up to 56.48 per cent from existing 55.23 per cent.
- S K Goel to be CMD of UCO BankThe government has sought consent from Allahabad Bank executive director S K Goel for his appointment as chairman and managing director of ...
- Allahabad Bank opens first overseas office in ChinaAllahabad Bank on Monday opened its first overseas office in Shenzhen, a Chinese city near Hong Kong, hoping to tap trade and commercial li...
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