Edition:
United States

Allahabad Bank (ALBK.NS)

ALBK.NS on National Stock Exchange of India

78.50INR
22 May 2017
Change (% chg)

Rs-4.10 (-4.96%)
Prev Close
Rs82.60
Open
Rs84.00
Day's High
Rs84.00
Day's Low
Rs78.10
Volume
4,727,633
Avg. Vol
4,201,444
52-wk High
Rs92.40
52-wk Low
Rs49.10

Latest Key Developments (Source: Significant Developments)

Allahabad Bank approves raising of equity capital worth up to INR 20 bln
Thursday, 18 May 2017 01:42am EDT 

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 05:36am EDT 

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 04:39am EDT 

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 08:22am EST 

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

Allahabad Bank posts June-qtr loss
Friday, 12 Aug 2016 06:42am EDT 

Allahabad Bank : June-quarter net loss 5.65 billion rupees versus net profit of 1.47 billion rupees year ago . June-quarter interest earned 45.70 billion rupees versus 49.18 billion rupees year ago . June-quarter gross NPA 12.33 percent versus 9.76 percent previous quarter . June-quarter net NPA 8.69 percent versus 6.76 percent previous quarter . June-quarter provisions 13.31 billion rupees versus 8.55 billion rupees year ago .  Full Article

Allahabad Bank approves raising capital of up to 5 bln rupees via preferential issue
Friday, 12 Aug 2016 06:33am EDT 

Allahabad Bank : Board approves raising of capital of upto 5 billion rupees by preferential issue . Approved raising capital via preferential issue of up to 440 million rupees to India government . Approved raising additional tier 1 and tier 2 capital up to 10 billion rupees each . Approved raising capital via QIP worth up to 5 billion rupees .  Full Article

Allahabad Bank says RBI imposed penalty of 20 mln rupees
Tuesday, 26 Jul 2016 03:19am EDT 

Allahabad Bank : RBI has imposed penalty of INR 20 million .  Full Article

Allahabad Bank says India govt raises stake in co by 5.83 pct
Tuesday, 17 May 2016 01:09am EDT 

Allahabad Bank : India government raises stake in co by 5.83 percent to 67.21 percent .  Full Article

Allahabad Bank posts March-qtr loss
Friday, 13 May 2016 06:53am EDT 

Allahabad Bank : Says March-quarter net loss 5.81 billion rupees; March-quarter interest earned 44.97 billion rupees . Says March-quarter provisions 24.87 billion rupees; gross npa 9.76 percent .  Full Article

Allahabad Bank says Notice of one day All India Strike on February 29, 2016 called by All India Bank Officers’ Confederation (AIBOC)
Friday, 26 Feb 2016 05:23am EST 

Allahabad Bank:Allahabad Bank has informed BSE that All India Bank Officers’ Confederation (AIBOC) has served a notice informing their decision to go on one day’s strike on February 29, 2016 in support of their certain demands.The issues and demands are of industry level and strike call is also given at industry level. Therefore, if the strike takes place, it would affect working of all Public Sector Banks.  Full Article

More From Around the Web

BRIEF-Allahabad Bank gets members' nod for allotting shares to India govt

* Gets members' nod for alloting shares worth upto INR 4.18 billion to India government Source text for Eikon: Further company coverage: