Kolkata : State-run lender Allahabad Bank is looking at a recovery of around Rs 5,500 crore in the current fiscal, an official said on Wednesday. The bank has submitted a roadmap to the Centre and if everything goes “well and smooth” as per its projections, it was likely to come out of prompt corrective action […]
Tag: Allahabad Bank
RBI advises more action to Allahabad Bank
Kolkata : State-run Allahabad Bank on Monday said that the Reserve Bank of India has advised certain addition actions against the lender in view of its capital adequacy and leverage ratio position, after the apex bank had imposed prompt corrective action (PCA) on it. Incidentally, the Department of Financial Services (DFS) asked the government representative […]
Allahabad Bank posts net loss of Rs 3,509.63 crore in Q4
Kolkata : State-run Allahabad Bank on Friday posted a net loss of Rs 3,509.63 crore in the quarter ended March 31 due to increase in provisioning for non-performing assets and reduction in total income. The bank had posted a net profit of Rs 111.16 crore in the corresponding quarter of previous year. The lender also […]
Allahabad Bank has outstanding exposure of Rs 516.79 cr in Rotomac group
Kolkata : State-run Allahabad Bank on Wednesday said it has an exposure of Rs 516.79 crore to debt-laden Rotomac group as on January end and the lender has the required provision for the same as per RBI norms. According to a regulatory filing, the bank said it has an outstanding of Rs 43.09 crore to […]
PNB fraud: Allahabad Bank has $366.87 mn outstanding exposure
Kolkata : State-run Allahabad Bank on Friday said it has an outstanding exposure of about $366.87 million in the $1.8 billion fraud detected by another public sector bank PNB, but added it was confident of receiving the payment. Punjab National Bank (PNB), the country’s second largest public sector bank, had detected the $1.8 billion fraud […]
Allahabad Bank posts Rs 1263.79 cr net loss in Q3
Kolkata : State-run Allahabad Bank on Wednesday reported a net loss of Rs.1, 263.79 crore for the quarter ended December 31, 2017, as compared to a net profit of Rs 75.26 crore in the year-ago period. The net loss was due to a massive increase in provisions to cover rising bad loans. During the third […]