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India

Allahabad Bank (ALBK.NS)

ALBK.NS on National Stock Exchange of India

49.85INR
24 Apr 2019
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Rs33.15

Latest Key Developments (Source: Significant Developments)

Allahabad Bank Receives Letter From RBI About Lifting Restrictions Imposed On Bank Under PCA
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Allahabad Bank ::RECEIVED LETTER FROM RBI REGARDING LIFTING RESTRICTIONS IMPOSED ON BANK UNDER RBI PROMPT CORRECTIVE ACTION (PCA).BANK WILL BE SUBJECTED TO STIPULATED MONITORABLE ACTION PLAN (MAP).  Full Article

India's Allahabad Bank Dec-Qtr Net Loss Narrows
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Allahabad Bank ::DEC QUARTER NET LOSS 7.33 BILLION RUPEES VERSUS LOSS OF 12.64 BILLION RUPEES LAST YEAR.DEC QUARTER INTEREST EARNED 42.28 BILLION RUPEES VERSUS 42.44 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS AND CONTINGENCIES 14.95 BILLION RUPEES VERSUS 24.13 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS FOR NPA 19 BILLION RUPEES VERSUS 20.44 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 17.81 PERCENT VERSUS 17.53 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 7.70 PERCENT VERSUS 7.96 PERCENT PREVIOUS QUARTER.NET INTEREST MARGIN IMPROVED 2.66 PCT IN DEC QTR.  Full Article

Allahabad Bank And SBI Life Insurance Announce A Bancassurance Partnership
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Allahabad Bank ::ALLAHABAD BANK AND SBI LIFE INSURANCE ANNOUNCE A BANCASSURANCE PARTNERSHIP.  Full Article

Allahabad Bank Says India Ratings Lowers Rating On Co's Outstanding Basel-III Compliant Tier 2 Bonds To 'AA-'
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Allahabad Bank ::INDIA RATINGS LOWERS RATING ON CO'S OUTSTANDING BASEL-III COMPLIANT TIER 2 BONDS TO 'AA-' FROM 'AA'; OUTLOOK 'NEGATIVE'.INDIA RATINGS SAYS KEY RATING DRIVERS ARE LARGE CAPITAL REQUIREMENT THROUGH FY19; ELEVATED CREDIT COSTS TO DELAY PROFITABILITY.INDIA RATINGS SAYS DOWNGRADE REFLECTS SIGNIFICANT LOSS IN BANK'S SYSTEMIC IMPORTANCE, LOSS OF SHARE IN SYSTEM'S ADVANCES AND DEPOSITS.INDIA RATINGS SAYS 'NEGATIVE' OUTLOOK REFLECTS BANK'S SIGNIFICANTLY DETERIORATED CAPITALISATION LEVELS, WEAK ASSET QUALITY.  Full Article

India's Allahabad Bank Posts Sept-Qtr Net Loss Of 18.23 Bln Rupees
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Allahabad Bank ::SEPT QUARTER NET LOSS 18.23 BILLION RUPEES VERSUS PROFIT OF 702 MILLION RUPEES LAST YEAR.SEPT QUARTER INTEREST EARNED 40 BILLION RUPEES VERSUS 41.90 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS AND CONTINGENCIES 23.56 BILLION RUPEES VERSUS 14.97 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS FOR NPA 19.92 BILLION RUPEES VERSUS 14.70 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 17.53 PERCENT VERSUS 15.97 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 7.96 PERCENT VERSUS 7.32 PERCENT PREVIOUS QUARTER.IN QUARTER, BANK PROVIDED 1.39 BILLION RUPEES FOR MARK TO MARKET LOSSES.  Full Article

Allahabad Bank Says Usha Ananthasubramanian Ceases To Be MD, CEO
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Allahabad Bank ::SAYS USHA ANANTHASUBRAMANIAN HAS CEASED TO BE THE MANAGING DIRECTOR & CEO OF BANK.  Full Article

Allahabad Bank To Consider Raising Capital Via Preferential Issue Of Shares To Govt Of India
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Allahabad Bank ::TO CONSIDER RAISING EQUITY CAPITAL VIA PREFERENTIAL ISSUE OF EQUITY SHARES TO GOVERNMENT OF INDIA.  Full Article

Allahabad Bank Says Proposes To Sell Non-Core Assets
Thursday, 12 Jul 2018 

July 12 (Reuters) - Allahabad Bank ::SAYS BANK PROPOSES TO SELL NON-CORE ASSETS INCLUDING DIVESTMENTS OF STAKE IN JOINT VENTURES, ASSOCIATES.  Full Article

Allahabad Bank Says Usha Ananthasubramanian, MD & CEO, To Be Divested Of All Functional Responsibilities Of Bank
Tuesday, 15 May 2018 

May 15 (Reuters) - Allahabad Bank ::DECIDED USHA ANANTHASUBRAMANIAN, MD & CEO, BE DIVESTED OF ALL FUNCTIONAL RESPONSIBILITIES OF BANK WITH IMMEDIATE EFFECT.  Full Article

Allahabad Bank Appoints Sanjay Aggarwal As CFO
Monday, 16 Apr 2018 

April 16 (Reuters) - Allahabad Bank ::SAYS CO APPOINTED SANJAY AGGARWAL AS CFO.SAYS SANJAY AGGARWAL TAKEN OVER CHARGE OF CFO.SAYS B.K. MITRA HAS CEASED TO BE CFO.  Full Article

MEDIA-Allahabad Bank, Andhra Bank in talks to sell stakes in ASREC India - Mint

- Note: Reuters has not verified this story and does not vouch for its accuracy