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Pay old age pension even without Aadhaar cards: Allahabad HC

The Lucknow bench of the Allahabad High Court has directed the state government to pay old age pens…

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Allahabad Bank into sunset after getting merged with Indian Bank

She also said all the deposit and loan products,including access to Indian Bank's emergency credit …

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Indian Bank board approves share swap for Allahabad Bank merger

As per this plan, United Bank of India and Oriental Bank of Commerce will be merged with Punjab Nat…

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Allahabad Bank lowers external benchmark-linked loan pricing

"...the Asset Liability Management Committee (ALCO) of the Bank has decided to revise interest rat…

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Allahabad Bank gets govt's in-principle nod for merger with Indian Bank

New Delhi, Nov 19 () Allahabad Bank on Tuesday said the government has given in-principle approval …

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Allahabad Bank cuts MCLR by 5 bps across tenors

The Asset Liability Management Committee of the bank has reviewed the existing MCLR and decided for…

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Customers won't face any disruption post Allahabad Bank merger: Indian Bank

"As a combined entity, Indian Bank's balance sheet is much stronger. We can offer higher amount of…

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Allahabad Bank gets fresh capital of Rs 2,153 cr from govt

New Delhi, Dec 26 () State-owned Allahabad Bank on Thursday said it will get a fresh capital infusi…

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The Indian government has finally appointed the CEOs of 10 “head-less” public-sector banks

Not only have India’s public-sector banks had to contend with the lion’s share of the banking secto…

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How one fraudster drove Punjab National Bank to the highest quarterly loss in the history of Indian banking

Modi and his associates defrauded these banks of ₹130 billion ($1.92 billion) between 2011 an…

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Allahabad Bank Q3 net loss widens over two-fold to Rs 1,986 cr on higher provisioning for dud loans

The divergence in provisioning was Rs 453 crore for 2018-19, which included Rs 193 crore towards p…

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India needs 4-5 more SBI sized banks, says Nirmala Sitharaman

India needs a lot more banks and a lot more large sized ones to meet the growing needs of the count…

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Andhra Bank and Allahabad Bank willing to sell bad loans worth Rs 6,000 crore

Andhra Bank has decided to sell off more than 100 accounts with loans that add up to about Rs 4…

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Prayagraj faces flood threat as the water level of the Ganga, Yamuna rise

The water level in the two rivers has been on the rise since the past five days. On Monday,…

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Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid

New Delhi, Jan 6 () Jaypee Infratech's Interim Resolution Professional Anuj Jain has filed an appli…

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The gains and losses of Public sector banks

Public sector banks came under profit booking, some of them for a second day, after a sharp and swi…

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S&P lowers Axis Bank rating on increased economic risks for banks

"We lowered our ratings on Axis to reflect our expectation that heightened economic risks facing In…

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Mega bank merger marks new dawn for Indian banking space: FinMin

"We don't foresee any problem it is going as per the plan. We have reviewed in the light of this s…

PTI