THIS Bank's cheque book, MICR code will stop working from October 1, have an account here?
The MICR code and cheque books of the erstwhile Allahabad Bank will be discontinued from 01.10.2021.
Aug 05, 2021, 17:57 PM IST
Bank alert! IFSC codes of THESE banks have changed, here’s how you can get new ones
Bank customers with accounts in these banks need to use their updated IFSC codes for online transactions.
Jul 11, 2021, 12:31 PM IST
Big update for Allahabad Bank customers, know what will happen to your account post-merger with Indian Bank
Post-merger, the Indian Bank carried out a software migration over the weekend. Now customers will have to use the new IFSC code for money transfer. Allahabad Bank account holders will now have to download the indOASIS app for online banking. Allahabad Bank had already appealed to all account holders to adopt new changes.
Feb 16, 2021, 11:59 AM IST
Indian-Allahabad Bank merger: Find out your new IFSC code, mobile banking app and more
The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. In addition, changes made in IFSC code, mobile banking app, cheque book and passbook of Allahabad Bank account holders have come into effect from Monday (February 15).
Feb 15, 2021, 21:30 PM IST
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.
Mar 28, 2020, 22:20 PM IST
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.
Aug 30, 2019, 23:32 PM IST
Modi govt's mega banking reform: 10 Public Sector Banks 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.
Aug 30, 2019, 18:05 PM IST
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.
May 10, 2019, 18:42 PM IST
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.
Mar 27, 2019, 11:30 AM IST
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.
Feb 27, 2019, 17:25 PM IST
RBI lifts lending curbs on Allahabad Bank, Corporation Bank, Dhanlaxmi Bank; removes them from weak-bank watch list
Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.
Feb 27, 2019, 10:17 AM IST
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.
Feb 20, 2019, 17:57 PM IST
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.
Feb 13, 2019, 10:09 AM IST
Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December
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.
Nov 27, 2018, 10:49 AM IST
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.
Nov 13, 2018, 18:22 PM IST
PNB scam: Govt dismisses former MD from service
Ananthasubramanian was, three months back, divested of all her powers as MD of Allahabad Bank
Aug 13, 2018, 18:10 PM IST
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.
Mar 13, 2018, 12:02 PM IST
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.
Jan 04, 2018, 12:34 PM IST
Govt appoints executive directors in 9 public sector banks
Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.
Oct 10, 2017, 14:53 PM IST
