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Allahabad Bank News

05 Aug 2021

THIS Bank's cheque book, MICR code will stop working from October 1

The MICR code and cheque books of the erstwhile Allahabad Bank will be discontinued from 01.10.2021.

11 Jul 2021

Bank alert! IFSC codes of THESE banks have changed

You can easily get the IFSC codes from the merged bank’s website of customer support. You can register for the new IFSC codes via the bank’s website. You will have to fill in the required details to get the new IFSC code.

16 Feb 2021

Allahabad Bank merges with Indian Bank, what will happen to your a/c now

Allahabad Bank, one of the oldest public sector banks in the country, was merged with the Indian Bank on February 15. After Allahabad Bank's merger with the Indian Bank, new rules have come into force from Monday.

15 Feb 2021

Indian-Allahabad Bank merger: Find out your new IFSC code, mobile banking app

New rules have come into force from today (February 15). Customers will have to use the new IFSC code for money transfer. Allahabad Bank's checkbook and ATMs will continue to work for the next 6 months.

Reserve Bank of India

28 Mar 2020

RBI approves merger of several public sector banks from April 1

The Reserve Bank of India (RBI) on Saturday approved the merger of several public sector banks from April 1. All branches of the Allahabad Bank will function as branches of Indian Bank and customers, including depositors of Allahabad Bank, will be treated as customers of Indian Bank from April 1.

30 Aug 2019

India gets ready for NextGen Banks as Centre merges banks to create mega units

The government on Friday announced the mega-merger of 10 PSU banks into four, where the Punjab National Bank, the Oriental Bank of Commerce and the United Bank to merge become the second-largest PSB while the Canara Bank and the Syndicate Bank will amalgamate to make the fourth-largest PSU bank entity.

30 Aug 2019

Photo Gallery: Indian banking sector undergoes major mergers

30 Aug 2019

Modi govt's mega banking reform: 10 PSBs to be merged into 4 entities

Punjab National Bank will become the second largest PSB in India with a total business of Rs 17.5 lakh crore post the merger while that of the Canara Bank and Syndicate Bank will be Rs 15.20 lakh crore.

10 May 2019

Allahabad Bank's Q4 loss widens to Rs 3,834 crore

The public sector lender's net loss in the year-ago period stood at Rs 3,509.63 crore.

27 Mar 2019

Allahabad Bank to raise Rs 4,000 cr equity capital via various modes

The decision was taken at the bank's board meeting held Tuesday.

27 Feb 2019

Dhanlaxmi Bank, Allahabad Bank, Corporation Bank jump up to 10% post RBI move

Dhanlaxmi Bank zoomed 10 percent, Allahabad Bank 7.53 percent and Corporation Bank rose 5.82 percent on BSE.

27 Feb 2019

RBI lifts Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA Framework

Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.

public sector banks

20 Feb 2019

Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs

The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

13 Feb 2019

RBI slaps penalties on 7 banks for violation of norms

A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.

PSBs fund infusion

27 Nov 2018

Govt to infuse Rs 42,000 cr in PSU banks by March

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.

13 Nov 2018

Allahabad Bank Q2 loss at Rs 1,823 cr on high NPA provisioning

The bank had posted a net profit of Rs 70.20 crore in the July-September quarter of 2017-18.

Usha Ananthasubramanian

13 Aug 2018

PNB scam: Govt dismisses former MD from service

Ananthasubramanian was, three months back, divested of all her powers as MD of Allahabad Bank

Punjab National Bank

13 Mar 2018

PNB to honour claims by banks, but with conditions: Reports

State Bank of India and three other state-run banks, Union Bank of India, UCO Bank and Allahabad Bank, are among lenders who have extended credit based on the LoUs issued by PNB that were later found to be fraudulent.

04 Jan 2018

RBI puts Allahabad Bank under prompt corrective action

The central bank has so far ordered corrective action for about 10 lenders, mostly due to their high bad loan ratios.

PSB executive directors

10 Oct 2017

Govt appoints executive directors in 9 public sector banks

Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.

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