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RBI Mute Spectator As Banks Charge High Interest Rates: Allahabad High Court
The Allahabad High Court has observed that the Reserve Bank of India has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator.
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5 Acres, Rs 262 Crore, 10,000 Capacity: Banke Bihari Temple Corridor Plan
The Allahabad High Court has approved the construction of a special corridor for the Banke Bihari Temple in Uttar Pradesh's Mathura. The temple corridor, will be built on the lines of the Kashi-Vishwanath Temple Corridor.
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Vrindavan Temple Corridor: Protests, Letters In Blood To Yogi Adityanath
Markets in the area have been shut for two days now, and temple priests have also come out in support of local residents. The matter has reached the court too -- the Allahabad High Court is hearing the matter.
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Court Issues Notice To RBI On Plea Seeking Probe Against IMC Bank
The Allahabad High Court has issued a notice to the Reserve Bank on a plea seeking a CBI probe against Indian Mercantile Cooperative Bank.
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Summoning Officers Discharging Public Duties Unwarranted: Supreme Court
The Supreme Court has set aside an order of the Allahabad High Court summoning Chairman and Regional Manager of a bank saying summoning of the officers discharging public duties is unwarranted.
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3 Robbers Shot Dead In Assam's Kokrajhar As Police Stop Bank Heist
Three alleged bank robbers were shot dead by police in Assam's Kokrajhar district on Sunday after an attempted robbery of an Allahabad Bank branch went wrong.
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4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
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Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI
As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India.
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Allahabad Bank, UCO Bank, Indian Overseas Bank Get Rs 8,655 Crore Fund Infusion
"We wish to inform that the Bank has received via letter on December 26 a sanction from Government of India for release of Rs 4,360 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2019-20 as Government's investment," Indian Overseas ...
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Bank Notice Against Madhya Pradesh Speaker's Sons Over Unpaid Loans
A notice to recover unpaid loan dues amounting to Rs 42.22 lakh from the two sons of Madhya Pradesh Assembly Speaker Narmada Prasad Prajapati was published by a bank on Sunday.
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Allahabad Bank Board Approves Merger With Indian Bank
Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.
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Allahabad Bank Reports Rs 689-Crore Fraud
Earlier this month, Allahabad Bank had flagged a $259 million fraud by bankrupt steelmaker Bhushan Power & Steel Ltd
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Allahabad Bank Drops On Detecting Fraud Of Rs 1,775 Crore In Bhushan Power Loan Account
Allahabad Bank share price: Allahabad Bank share price fell as much as 14.53 per cent on the BSE to Rs 40.30 after it informed exchanges on Saturday that it had detected a fraud of Rs 1,774.82 crore in loan account of its borrower Bhushan Power and Steel.
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Allahabad Bank Reports Rs 1,775 Crore Alleged Fraud By Bhushan Power & Steel
On July 6, state-run Punjab National Bank (PNB) said it had reported an alleged fraud of $554.6 million in Bhushan Power & Steel's accounts
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After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm
Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts.
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RBI Mute Spectator As Banks Charge High Interest Rates: Allahabad High Court
The Allahabad High Court has observed that the Reserve Bank of India has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator.
-
5 Acres, Rs 262 Crore, 10,000 Capacity: Banke Bihari Temple Corridor Plan
The Allahabad High Court has approved the construction of a special corridor for the Banke Bihari Temple in Uttar Pradesh's Mathura. The temple corridor, will be built on the lines of the Kashi-Vishwanath Temple Corridor.
-
Vrindavan Temple Corridor: Protests, Letters In Blood To Yogi Adityanath
Markets in the area have been shut for two days now, and temple priests have also come out in support of local residents. The matter has reached the court too -- the Allahabad High Court is hearing the matter.
-
Court Issues Notice To RBI On Plea Seeking Probe Against IMC Bank
The Allahabad High Court has issued a notice to the Reserve Bank on a plea seeking a CBI probe against Indian Mercantile Cooperative Bank.
-
Summoning Officers Discharging Public Duties Unwarranted: Supreme Court
The Supreme Court has set aside an order of the Allahabad High Court summoning Chairman and Regional Manager of a bank saying summoning of the officers discharging public duties is unwarranted.
-
3 Robbers Shot Dead In Assam's Kokrajhar As Police Stop Bank Heist
Three alleged bank robbers were shot dead by police in Assam's Kokrajhar district on Sunday after an attempted robbery of an Allahabad Bank branch went wrong.
-
4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
-
Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI
As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India.
-
Allahabad Bank, UCO Bank, Indian Overseas Bank Get Rs 8,655 Crore Fund Infusion
"We wish to inform that the Bank has received via letter on December 26 a sanction from Government of India for release of Rs 4,360 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2019-20 as Government's investment," Indian Overseas ...
-
Bank Notice Against Madhya Pradesh Speaker's Sons Over Unpaid Loans
A notice to recover unpaid loan dues amounting to Rs 42.22 lakh from the two sons of Madhya Pradesh Assembly Speaker Narmada Prasad Prajapati was published by a bank on Sunday.
-
Allahabad Bank Board Approves Merger With Indian Bank
Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.
-
Allahabad Bank Reports Rs 689-Crore Fraud
Earlier this month, Allahabad Bank had flagged a $259 million fraud by bankrupt steelmaker Bhushan Power & Steel Ltd
-
Allahabad Bank Drops On Detecting Fraud Of Rs 1,775 Crore In Bhushan Power Loan Account
Allahabad Bank share price: Allahabad Bank share price fell as much as 14.53 per cent on the BSE to Rs 40.30 after it informed exchanges on Saturday that it had detected a fraud of Rs 1,774.82 crore in loan account of its borrower Bhushan Power and Steel.
-
Allahabad Bank Reports Rs 1,775 Crore Alleged Fraud By Bhushan Power & Steel
On July 6, state-run Punjab National Bank (PNB) said it had reported an alleged fraud of $554.6 million in Bhushan Power & Steel's accounts
-
After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm
Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts.
