Allahabad Bank
Markets
Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down
Indian stocks slumped on Friday with banks and non-bank companies dropping after the Reserve Bank of India’s decision to impose ......
Manufacturing
Kotak stressed assets fund pulls Jindal Stainless out of debt rejig
The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore ($69 million) investment ......
General
Grapevine: China Mobile in talks for India cloud network; Allahabad Bank to part-exit JV
China Mobile, the Asian nation's largest mobile operator, has held early-stage talks with telecom service providers Bharti Airtel Ltd and ......
Finance
Why India's $86-bn bank rescue effort isn't enough to ease the distress
It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned ......
Finance
Allahabad Bank reports SEL Manufacturing's $100 mn fraud
Allahabad Bank Ltd on Wednesday reported a 6.89 billion rupees ($100.1 million) fraud related to textile company SEL Manufacturing Ltd ......
Finance
Punjab & Sind Bank reports fraud in Bhushan Power account
India’s Punjab & Sind Bank (PSB) said on Wednesday it has reported a 2.38 billion rupee ($34.58 million) fraud to ......
Finance
Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel
India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......
Finance
PNB may take control of two-three smaller state-run banks
India's Punjab National Bank could take control of two or three small state-run banks, that could include Oriental Bank Of ......
Finance
RBI lifts lending curbs on Allahabad Bank, two other lenders
The Reserve Bank of India (RBI) lifted regulatory constraints on three banks on Tuesday after they received a capital injection ......
General
Government to inject $3.4 bn into state-run banks
The government said on Tuesday it is infusing Rs 22,915 crore ($3.4 billion) in 13 state-run banks in the current ......
