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Allahabad Bank
Business  /  Published 11.02.19

Allahabad Bank to focus on 2 areas for growth

Allahabad Bank has identified its focus lending areas as the bank looks to push credit offtake in 2019-20. The city-based bank has placed the agri investment segment and the mid-corporate MSME segment...
By A Staff Reporter in Calcutta

Business  /  Published 06.02.19

Allahabad Bank Q3 loss narrows to ‚āĻ733 cr in Q3

Allahabad Bank MD and CEO CH. S. S. Mallikarjuna Rao said the slippages have increased on account of the NPAs in the IL&FS accounts as well as the farm loan waiver announced in some states. There ...
By A Staff Reporter in Calcutta

Business  /  Published 21.02.19

Funds prop for weak banks

North Block will infuse some Rs 48,239 crore in a dozen public sector banks to give them the minimum funds they need to improve their capital buffer and possibly come out of the Reserve Bank of India‚...
By Our Special Correspondent in New Delhi

West Bengal  /  Published 06.09.19

Mamata concern letter to Modi on bank merger

Chief minister Mamata Banerjee on Friday wrote to Prime Minister Narendra Modi protesting the Centre’s decision to merge two Calcutta-headquartered public sector banks with banks headquartered in De...
By Our Special Correspondent in Calcutta

India  /  Published 30.08.19

Merger casts cloud on cradle of banking

When Nirmala Sitharaman announced in New Delhi the amalgamation of 10 public sector banks into four entities, one question popped up in Calcutta: will the cradle of modern banking in the country be re...
By Pinak Ghosh and Sambit Saha in Calcutta

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Business  /  Published 13.11.18

Allahabad Bank date to slip out of PCA curbs

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By A Staff Reporter in Calcutta

West Bengal  /  Published 12.09.19

Two-day bank strike days before Puja

Last-minute shopping before the Durga Puja could be disrupted as four central unions of bank officers have declared strike on September 26 (Thursday) and 27 (Friday). With September 28 being fourth Sa...
By A Staff Reporter in Calcutta

Opinion  /  Published 04.09.19

Bank mergers: Software trumps financial realities

The Narendra Modi government loves to spring surprises. The announcement last Friday that 10 State-owned banks would merge to form four larger entities came straight out of the blue. Bank consolidatio...
By The Editorial Board

Business  /  Published 01.01.19

Calcutta bank duo to get Rs 5235cr

Two Calcutta-based banks will receive a fresh dose of capital infusion worth Rs 5,235 crore from the central government as part of its recapitalisation initiative for public sector lenders.The governm...
By A Staff Reporter in Calcutta

Business  /  Published 27.12.18

Recap bond prop for seven banks

The government plans to release Rs 28,615 crore soon to a clutch of seven weak state-run banks through recapitalisation bonds.Sources said Bank of India would get the largest share of Rs 10,086 crore,...
By Our Special Correspondent in New Delhi


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