A recent press report said that Allahabad Bank has signed a pact with Aditya Birla Money to provide its customers with online services for investing conveniently in the financial products. Aditya Birla Money which is a subsidiary of Aditya Birla Financial Groups deals with the financial services such as broking, wealth management and retail distribution.… Read More »
A recent press report said that Allahabad Bank which has 146 years of experience in the service of the nation has planned to offer sparkling gifts for this festival season. The bank has planned to offer gold coins to their customers at the reasonable price. The offer is to be made under the name Allahabad… Read More »
A recent press report said that Allahabad Bank has entered into an agreement with Tata BP Solar for the implementation of ‘capital subsidy cum refinance scheme for installation of solar off-grid (photo voltaic and thermal) and decentralization applications’ under the Jawaharlal Nehru National Solar Mission announced by the Ministry of New and Renewable Energy. According… Read More »
A recent press report said that State-run Allahabad Bank has hiked interest rates on deposits for less than Rs 5 crore with term ranging from one year to less than two years by 50 basis points to 9.5 per cent. The bank has planned to revise the interest rate upward by 0.50 per cent per… Read More »
A recent press report said that Allahabad Bank has signed a memorandum of understanding with Brickwork Ratings (BWR) for the promotion of credit-ratings of the bank’s MSE (micro and small enterprises) borrowers and potential customers. Reports said that the tie-up will help the new and existing borrowers to get easy, fast and hassle-free loans from… Read More »
A recent press report said that Allahabad Bank has issued a cheque for about Rs 166 crore to the Finance Minister, Mr Pranab Mukherjee. The cheque was handed over by the bank’s Chairman and Managing Director, Mr J. P. Dua, and Executive Director, Mr. D. Sarkar. The Central Government holds 58 per cent stake in… Read More »
According to recent press reports Kolkata-based Allahabad Bank is planning to go for a medium term notes (MTN) issue to raise $500 million to fund its overseas expansion program. The senior officials of the bank said that the bank is expected to continue with the MTN issue in another three months, and will be listed… Read More »
Allahabad Bank recently celebrated its 147th Foundation Day. Mr. Namo Narain Meena Minister of State for Finance stated that the RBI must skillfully manage the situation arising out of monetary tightening and the consequent rise in base lending rates of banks so that the credit growth is not constrained. He added saying that commercial banks… Read More »
Recent reports said that Allahabad bank, a leading public sector commercial bank in India has recorded Rs.2,07,785 crore as its total business as on end of December 2010 against Rs.1, 59, 843 crore in the previous year. The bank has achieved 30 % growth in its total business where it has decided to cross Rs.400000… Read More »