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Allahabad Bank (ALBK.NS)

ALBK.NS on National Stock Exchange of India

47.40INR
24 May 2019
Change (% chg)

Rs1.80 (+3.95%)
Prev Close
Rs45.60
Open
Rs45.85
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Rs45.60
Volume
5,819,739
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7,063,411
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Rs59.00
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Rs33.15

Latest Key Developments (Source: Significant Developments)

India's Allahabad Bank March-Qtr Net Loss Widens
Friday, 10 May 2019 

May 10 (Reuters) - Allahabad Bank ::MARCH QUARTER NET LOSS 38.34 BILLION RUPEES VERSUS LOSS OF 35.10 BILLION RUPEES LAST YEAR.MARCH QUARTER INTEREST EARNED 40.37 BILLION RUPEES VERSUS 37.77 BILLION RUPEES LAST YEAR.MARCH QUARTER PROVISIONS AND CONTINGENCIES 52.84 BILLION RUPEES VERSUS 47.83 BILLION RUPEES LAST YEAR.MARCH QUARTER PROVISIONS FOR NPA 52.79 BILLION RUPEES VERSUS 51.26 BILLION RUPEES LAST YEAR.MARCH QUARTER GROSS NPA 17.55 PERCENT VERSUS 17.81 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 5.22 PERCENT VERSUS 7.70 PERCENT PREVIOUS QUARTER.SAYS DIVERGENCE IN PROVISIONING FOR FY 2018-19 AT 10.22 BILLION RUPEES.SAYS ADJUSTED (NOTIONAL) NET PAT FOR FY 18-19 AFTER TAKING INTO ACCOUNT DIVERGENCE IN PROVISIONING 58.17 BILLION RUPEES.  Full Article

Allahabad Bank Approves Raising 40 Bln Rupees Via Issue Of Shares
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Allahabad Bank ::SAYS APPROVED RAISING 40 BILLION RUPEES CAPITAL VIA ISSUE OF SHARES EITHER THROUGH PUBLIC ISSUE, RIGHTS ISSUE, QIP.  Full Article

Fitch Says Indian Government's Bank Recap May Not Unlock Faster Growth
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Fitch Ratings: :FITCH SAYS INDIAN GOVERNMENT'S BANK RECAP MAY NOT UNLOCK FASTER GROWTH.FITCH SAYS INDIAN GOVERNMENT'S PLAN TO INJECT INTO STATE-OWNED BANKS IS LIKELY TO HELP BANKS MEET MINIMUM REGULATORY REQUIREMENTS.FITCH SAYS INDIAN GOVERNMENT'S PLAN TO INJECT INTO STATE-OWNED BANKS IS NOT SUFFICIENT TO SUPPORT SIGNIFICANTLY STRONGER LENDING GROWTH.FITCH SAYS PROPORTION OF INDIAN GOVERNMENT'S RECAPITALISATION ROUND IS LIKELY TO GO TOWARDS REGULATORY SHORTFALLS RATHER THAN TO SUPPORT ASSET GROWTH.FITCH SAYS INJECTIONS BY INDIAN GOVERNMENT HAS ALLOWED ALLAHABAD BANK & CORPORATION BANK TO LEAVE RBI'S PROMPT CORRECTIVE ACTION FRAMEWORK.FITCH SAYS HAS NEGATIVE SECTOR OUTLOOK ON INDIAN BANKS TO REFLECT NEAR-TERM PRESSURES FROM SECTOR'S NPL STOCK & ELEVATED CREDIT COSTS ON BANK EARNINGS.FITCH SAYS EXPECT CONTINUED WEAKNESS FOR INDIAN BANKS IN NEAR TERM, ALTHOUGH RESOLUTION OF BAD ASSETS COULD PUT BANKS ON A FASTER PATH TO RECOVERY.  Full Article

India's Allahabad Bank Posts June-Qtr Net Loss Of 19.44 Bln
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Allahabad Bank ::JUNE QUARTER NET LOSS 19.44 BILLION RUPEES VERSUS PROFIT OF 288.4 MILLION RUPEES LAST YEAR.JUNE QUARTER INTEREST EARNED 46 BILLION RUPEES VERSUS 41.48 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS AND CONTINGENCIES 27.63 BILLION RUPEES VERSUS 13.35 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS FOR NPA 25.90 BILLION RUPEES VERSUS 16.87 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS NPA 15.97 PERCENT VERSUS 15.96 PERCENT PREVIOUS QUARTER.JUNE QUARTER NET NPA 7.32 PERCENT VERSUS 8.04 PERCENT PREVIOUS QUARTER.  Full Article

Punjab Chemicals & Crop Protection Say Co Repays Entire Outstanding Debt To Allahabad Bank
Friday, 29 Jun 2018 

June 29 (Reuters) - Punjab Chemicals & Crop Protection Ltd::REPAID ENTIRE OUTSTANDING DEBT TO ALLAHABAD BANK AS PER NEGOTIATED SETTLEMENT PROPOSAL.  Full Article

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

Deals of the day-Mergers and acquisitions

May 21 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: