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Allahabad Bank (ALBK.NS)

ALBK.NS on National Stock Exchange of India

43.55INR
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7,344,869
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Rs82.00
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Rs33.15

Latest Key Developments (Source: Significant Developments)

India's Allahabad Bank Posts Sept-Qtr Net Loss Of 18.23 Bln Rupees
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Allahabad Bank ::SEPT QUARTER NET LOSS 18.23 BILLION RUPEES VERSUS PROFIT OF 702 MILLION RUPEES LAST YEAR.SEPT QUARTER INTEREST EARNED 40 BILLION RUPEES VERSUS 41.90 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS AND CONTINGENCIES 23.56 BILLION RUPEES VERSUS 14.97 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS FOR NPA 19.92 BILLION RUPEES VERSUS 14.70 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 17.53 PERCENT VERSUS 15.97 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 7.96 PERCENT VERSUS 7.32 PERCENT PREVIOUS QUARTER.IN QUARTER, BANK PROVIDED 1.39 BILLION RUPEES FOR MARK TO MARKET LOSSES.  Full Article

Allahabad Bank Says Usha Ananthasubramanian Ceases To Be MD, CEO
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Allahabad Bank ::SAYS USHA ANANTHASUBRAMANIAN HAS CEASED TO BE THE MANAGING DIRECTOR & CEO OF BANK.  Full Article

Allahabad Bank To Consider Raising Capital Via Preferential Issue Of Shares To Govt Of India
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Allahabad Bank ::TO CONSIDER RAISING EQUITY CAPITAL VIA PREFERENTIAL ISSUE OF EQUITY SHARES TO GOVERNMENT OF INDIA.  Full Article

Allahabad Bank Says Proposes To Sell Non-Core Assets
Thursday, 12 Jul 2018 

July 12 (Reuters) - Allahabad Bank ::SAYS BANK PROPOSES TO SELL NON-CORE ASSETS INCLUDING DIVESTMENTS OF STAKE IN JOINT VENTURES, ASSOCIATES.  Full Article

Allahabad Bank Says Usha Ananthasubramanian, MD & CEO, To Be Divested Of All Functional Responsibilities Of Bank
Tuesday, 15 May 2018 

May 15 (Reuters) - Allahabad Bank ::DECIDED USHA ANANTHASUBRAMANIAN, MD & CEO, BE DIVESTED OF ALL FUNCTIONAL RESPONSIBILITIES OF BANK WITH IMMEDIATE EFFECT.  Full Article

Allahabad Bank Appoints Sanjay Aggarwal As CFO
Monday, 16 Apr 2018 

April 16 (Reuters) - Allahabad Bank ::SAYS CO APPOINTED SANJAY AGGARWAL AS CFO.SAYS SANJAY AGGARWAL TAKEN OVER CHARGE OF CFO.SAYS B.K. MITRA HAS CEASED TO BE CFO.  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 posts Dec-qtr profit
Monday, 13 Feb 2017 

Allahabad Bank :. Dec-qtr net profit 752.6 mln rupees vs net loss of 4.86 bln rupees yr ago .. Dec-quarter interest earned 42.95 billion rupees versus 46.19 billion rupees year ago .. Dec quarter provisions 8.96 billion rupees versus 12.08 billion rupees year ago .. Dec-quarter gross NPA 12.51 percent versus 12.28 percent previous quarter ..Dec-qtr net NPA 8.65 pct vs 8.59 pct previous qtr.  Full Article

REFILE-India to inject $1.65 bln in five state banks in about a week - govt source

NEW DELHI, July 18 India's government will inject a total 113.36 billion rupees ($1.65 billion) in five state-run banks, including fraud-hit Punjab National Bank , in a week or so, a senior government official told Reuters on Wednesday.