Allahabad Bank

India’s banks were once a rare bastion of female leadership. Not anymore

For nearly a decade, a handful of powerful Indian women had occupied the corner offices in an industry that had till then been another male bastion. That dream, however, seems to be souring now.<p>At least three of the biggest names involved in the turbulence that has struck Indian banking over the …

India

Lateral entry option for government banks too?

Express News Service<p>NEW DELHI: After its recent move to allow private-sector professionals to join top bureaucracy as joint secretaries, the …

Public Sector

NPAs of banks in Gujarat balloon to Rs 35,220 crore

According to the latest report of the SLBC, Gujarat, the increasing bad loans in priority sectors, like those extended to the MSMEs (micro, small and …

India

Piyush Goyal to meet chief executives of six PSBs to discuss bad loans

Nineteen out of 21 PSBs had reported net losses and a sharp rise in bad loans in 2017-18

Business (India)

Bad loan write-offs by PSBs surge 140% over their losses in FY18

Public sector banks have written off bad loans worth Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses …

India

Twenty ED rank officers to vie for CEO positions at 12 state-run banks

With a dozen vacancies arising in the top posts of public sector banks (PSBs) in 2018-19, the Bank Board Bureau (BBB) has finally started the process …

Bank of India

Allahabad Bank branch in Hong Kong to face increased scrutiny from HKMA

Supervisory arrangements imposed by HKMA ask the branch to maintain a position of 'net due to' its head office, other branches and any direct or …

Hong Kong

BRIEF-Allahabad Bank Says HKMA Enhances Supervisory Arrangements On Hong Kong Branch

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Hong Kong

PNB board to consider ESOP scheme of up to 100 million equity shares

The government in March 2017 had allowed public sector banks to offer stock options to their employees, aimed at retaining experienced hands and …

Business (India)

Insolvency process: Rs 40 billion in debt, Sterling Biotech lands in NCLT

In October 2017, the ED began a probe into alleged money laundering by the company and its promoters, Nitin and Chetan Sandesara

Bank of India

Allahabad Bank focuses on recovery, refers 65 NPA accounts to IBC

Kolkata, June 11 (IANS) State-run Allahabad Bank, which referred 65 stressed accounts involving around Rs 12,566 crore to the NCLT for IBC resolution …

Allahabad Bank

Bank Employees’ Body Urges RBI To Revoke Lending Restrictions On Dena Bank

The letter said Dena Bank, though not a very big bank in terms of size and business volume, has been playing a very effective role in economic …

Bank of India

PSU banks extend gain; Uco Bank, Dena Bank up 5%

At 01:19 pm; Nifty PSU Bank index was up 0.36% at 2,981, extending its past two days 3% gain on the NSE

Business (India)

PSU banks trade firm ahead of RBI policy decision

At 11:11 am; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 1.5% as compared to less than 1% rise in Nifty Bank, Nifty …

Business (India)

Rate sensitive shares trade firm after RBI hikes repo rate by 25 bps

Nifty PSU Bank (up 2%), Nifty Realty (1.4%) and Nifty Auto (up 1.5%) were up more than 1% as compared to 0.88% rise in Nifty 50 index at 02:57 pm.

Business (India)

Finance Ministry rejects PNB’s Rs 7,000 cr extra capital infusion demand

<b>New Delhi:</b> The finance ministry has turned down Punjab National Bank’s (PNB) demand for over Rs 7,000 crore extra capital infusion over and above the …

India

RBI to defer putting lending, expansion curbs on PNB till Q1 results

Andhra Bank, Punjab and Sind Bank, and Canara Bank, too, are likely to make a similar presentation before the regulator

Business (India)

War on naxals: NIA seizes 4,000 kgs of gelatine explosives

A team of the National Investigation Agency has seized 4,000 kilograms of gelatine explosives in Jharkhand. The seizure comes close on the heels of …

Consumer Price Index

BRIEF-India's Allahabad Bank Raises 1 Year MCLR To 8.35 Pct

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Uttar Pradesh

NIA seizes 4,000 kg gelatin explosives from Bokaro

New Delhi/Ranchi June 1 (IANS) Three days after the National Investigation Agency (NIA) seized a huge cache of arms from Jharkhand's Bokaro, the …

India

Public sector banks’ turnaround plan: Cut in loans to corporate, sale of non-core assets

Banks are expected to cut costs, shut loss-making branches, reduce the number of overseas branches<p>Written by | New Delhi |<p>London teen becomes UK's …

Bank of India

9 public banks under PCA submit two-year recovery plan to govt

Of these, 9 banks have already submited report to the Department of Financial Services, an official said

Bank of India

Allahabad, Dena Banks’ corporate borrowers told to find new lenders

The Reserve Bank of India banned Dena Bank from advancing any fresh loans while Allahabad Bank has been asked to restrict expansion of risk weighted …

Bank of India

19 of 21 PSBs report Rs 63k-crore loss

Despite the talks of recovery, the public sector banks (PSBs) in the country have witnessed their worst quarterly losses between January and March …

India

Market Wrap: Sensex, Nifty close lower, Tata Motors, ICICI Bank top losers

BSE Sensex closed 43.13 points lower at 34,906.11, while the Nifty 50 ended 18.95 points down at 10,614.35. Here are the highlights from the markets

Stock Markets

21 PSBs lost Rs 25,775 crore to frauds in FY18

<b>New Delhi:</b> Twenty-one public sector banks have lost a total of Rs 25,775 crore due to banking frauds in 2017-18, a Right to Information (RTI) reply …

India

NIA seizes huge cache of arms, ammunition from Jharkhand's Bokaro

New Delhi, May 29 (IANS) The National Investigation Agency (NIA) on Tuesday said that it has seized a huge cache of arms and ammunition from …

India

ED attaches Rotomac properties worth Rs 177 cr

New Delhi, May 29 (IANS) The Enforcement Directorate (ED) on Tuesday said it has attached Vikram Kothari owned Kanpur-based Rotomac Global's …

India

State-owned banks lost Rs 25,775 crore to fraud in 2017-’18, says Reserve Bank of India

Only cases of fraud involving over Rs 1 lakh were included in the list.<p>Banking frauds cost 21 state-owned banks Rs 25,775 crore in 2017-’18, with the …

India News

21 banks lost Rs 25,775 crore thanks to bank frauds: RTI

Twenty-one public sector banks (PSBs) have incurred losses totalling Rs 25,775 crore due to banking frauds in the financial year 2017-18, a Right to …

India