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Allahabad Bank (ALBK.NS)

ALBK.NS on National Stock Exchange of India

39.15INR
11:25am BST
Change (% chg)

Rs0.60 (+1.56%)
Prev Close
Rs38.55
Open
Rs38.85
Day's High
Rs39.80
Day's Low
Rs37.85
Volume
5,414,839
Avg. Vol
4,595,662
52-wk High
Rs89.00
52-wk Low
Rs37.30

Latest Key Developments (Source: Significant Developments)

Allahabad Bank Board To Meet On May 15 To Discuss Matter Of CEO Named In CBI Chargesheet
Monday, 14 May 2018 

May 14 (Reuters) - Allahabad Bank ::ALLAHABAD BANK - BOARD TO MEET ON MAY 15 TO DISCUSS MATTER OF CEO NAMED IN CBI CHARGESHEET IN PNB FRAUD CASE.  Full Article

India's Allahabad Bank Says RBI Advises Co To Reduce Exposure To Un-Rated & High Risk Advances
Monday, 14 May 2018 

May 14 (Reuters) - Allahabad Bank ::SAYS RBI, W.R.T. BANK'S CRAR AND LEVERAGE RATIO POSITION, ADVISED CO TO RESTRICT EXPANSION OF RWA.SAYS RBI ADVISED CO TO RESTRICT ACCESSING/RENEWING WHOLESALE/COSTLY DEPOSITS/CERTIFICATE OF DEPOSITS.RBI ADVISES CO TO REDUCE EXPOSURE TO UN-RATED AND HIGH RISK ADVANCES; ADVICES TO RESTRICT CREATION OF NON-BANKING ASSETS.  Full Article

India's Allahabad Bank Posts Dec Qtr Loss
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Allahabad Bank ::DEC QUARTER NET LOSS 12.64 BILLION RUPEES VERSUS PROFIT OF 752.6 MILLION RUPEES LAST YEAR.DEC QUARTER INTEREST EARNED 42.44 BILLION RUPEES VERSUS 42.95 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS 24.13 BILLION RUPEES VERSUS 8.96 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS FOR NON-PERFORMING ASSETS 20.44 BILLION RUPEES VERSUS 7.96 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 14.38 PERCENT VERSUS 14.10 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 8.97 PERCENT VERSUS 8.84 PERCENT PREVIOUS QUARTER.  Full Article

India's Allahabad Bank Sept-qtr profit up 8 pct
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Allahabad Bank ::Sept quarter net profit 702 million rupees versus 650.3 million rupees last year.Sept quarter interest earned 41.90 billion rupees versus 44.22 billion rupees last year.Sept quarter provisions 14.97 billion rupees versus 8.14 billion rupees last year.Sept quarter provisions for non-performing assets 14.70 billion rupees versus 6.92 billion rupees last year.Sept quarter gross NPA 14.10 percent versus 13.85 percent previous quarter.Sept quarter net NPA 8.84 percent versus 8.96 percent previous quarter.  Full Article

Allahabad Bank appoints B K Mitra as CFO
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - Allahabad Bank ::Says appointed B K Mitra as CFO.Says S L Jain ceases to be CFO of bank.  Full Article

India's Allahabad Bank posts June-qtr profit
Friday, 11 Aug 2017 

Aug 11 (Reuters) - Allahabad Bank :June quarter net profit 288.4 million rupees versus net loss of 5.65 billion rupees year ago.June quarter interest earned 41.48 billion rupees versus 45.70 billion rupees year ago.June quarter provisions 13.35 billion rupees versus 13.31 billion rupees year ago.June quarter gross NPA 13.85 percent versus 13.09 percent previous quarter.June quarter net NPA 8.96 percent versus 8.92 percent previous quarter.  Full Article

Allahabad Bank approves raising of equity capital worth up to INR 20 bln
Thursday, 18 May 2017 

May 18 (Reuters) - Allahabad Bank :Says approved raising of equity capital worth up to INR 20 billion.Allahabad bank - approved raising additional tier 1 capital worth up to INR 20 billion and tier 2 capital worth up to INR 10 billion during FY 2017-2018.  Full Article

India's Allahabad Bank posts March-qtr profit
Wednesday, 17 May 2017 

May 17 (Reuters) - Allahabad Bank :March quarter net profit 1.11 billion rupees versus net loss of 5.81 billion rupees year ago.March quarter interest earned 43.72 billion rupees versus 44.97 billion rupees year ago.March quarter provisions 14.30 billion rupees versus 24.87 billion rupees year ago.March quarter gross NPA 13.09 percent versus 12.51 percent previous quarter.March quarter net NPA 8.92 percent versus 8.65 percent previous quarter.  Full Article

Allahabad Bank says Rakesh Sethi retires as chairman & MD
Tuesday, 2 May 2017 

May 2 (Reuters) - Allahabad Bank :Retirement of Rakesh Sethi, chairman and managing director from bank's services upon superannuation.  Full Article

Allahabad Bank gets in-principle approval of board for merger of unit with co
Friday, 23 Dec 2016 

Allahabad Bank :Says board accorded in-principle approval for merger of unit Allbank Finance Ltd with bank.  Full Article

Top executives at India's fraud-hit PNB misled central bank, police allege

MUMBAI, May 21 Senior executives at India's Punjab National Bank misled the central bank in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, Indian police alleged in a charge sheet filed in court.