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ALLAHABAD BANK RESULTS
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 ...- Indian Bank Q4 results: Lender reports net profit of Rs 1,709 crore“Ideally, we would like to grow our NIM to 3%,” chief executive Padmaja Chundur said, refraining from giving a future guidance on NIM due t...
- Allahabad Bank in talks with Sompo to sell its stake in insurance JVAllahabad Bank and Indian Bank will be merged from April as part of the mega merger exercise.
- Allahabad Bank looks to sell stake in Universal SompoAt present, Allahabad Bank holds 28.52% in the JV while overseas partner Sompo Japan is the largest shareholder with 34.61% interest.
- 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.
- Once city of banks, Kolkata may have one PSU bank headquarterNow Kolkata could soon be left with just one HQ of a state-run lender — UCO Bank.
- Allahabad Bank hopes to return to black in Q1, gets board nod for Rs 4,000 crore fund raiseThe lender expects slippages to moderate and be contained at around 1 per cent per quarter.
- Allahabad Bank may raise Rs 1,200 crore via QIP; eyes profit in June quarter"We are expecting to make profit from first quarter onwards," said CEO SS Mallikarjuna.
- IL&FS, farm loan waiver strain Allahabad Bank balance sheetThe bank reported Rs 2,524 crore of fresh bad loan in the December quarter.
- Allahabad Bank logs Q1 loss of Rs 1,944 crore, stock down 5%Gross NPAs (non-performing assets) stood at Rs 25,068 crore, down 5.6 per cent.
- Allahabad Bank board to meet Tuesday to take action on CEOThe PNB board has Monday divested its two executive directors, KV Brahmaji Rao and Sanjiv Sharan, of all financial and executive powers.
- Allahabad Bank becomes a candidate for RBI's prompt corrective actionThe Kolkata-based bank said it made a net loss of 314 crore in FY17 and Rs 743 crore in FY18. Its return on assets was -0.13% and -0.33% re...
- Allahabad Bank to issue shares worth Rs 58 crore to LICPublic sector Allahabad Bank will raise Rs 58 crore by issuing over one crore shares to LIC on preferential basis.
- Retail banking buoys Allahabad Bank, Q4 net up 29%Allahabad Bank's net profit for the quarter ended March 2015 rose 28.5 per cent to Rs 202.63 crore, from Rs 157.75 crore a year ago.
- Allahabad Bank rallies on better-than-expected Q2 resultsAccording to banking sector analyst, the results are above estimates. Asset quality has slightly deteriorated, Q-o-Q but the bank’s proviso...
- Allahabad Bank reports another quarter of poor resultsThe net profit of the Allahabad Bank has declined 69% year-on-year due to higher provisioning and deterioration in asset quality.
- Allahabad Bank Q1 net up 23% at Rs 514 croreThe public sector bank had posted a net profit of Rs 418 crore in the same period last fiscal.
- Allahabad Bank net rises 21 per cent to Rs 488 croreAllahabad Bank has reported a 21% rise in both net and operating profit for the September quarter.
- Allahabad Bank Q1 net rises 20.45 per centNet profit of Allahabad Bank during the first quarter of FY12 increased 20.45 per cent at Rs 418.13 crore.
- Allahabad Bank cuts PLR by 75 bpsState-run Allahabad Bank today announced reduction in benchmark lending rate by 75 basis points, a day after the country's largest lender, ...
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