Page 5 - Allahabad Bank

Allahabad Bank reduces MCLR

MCLR is a new methodology and benchmark introduced by RBI for setting lending rate by banks

Allahabad Bank Q2 net dips 63% to Rs 65 crore

Bank's gross NPA up as much as 139% to Rs 19,095 crore, though there was a marginal improvement over Q1FY17

Allahabad Bank to raise Rs 500 crore by issuing equity shares

Bank said, allotment of equity shares to QIBs will be completed within 12 months from the date of the passage of the resolution

Allahabad Bank net loss at Rs 565 cr

Against a net profit of Rs 146.86 crore in the same period last financial year

Allahabad Bank gains most from revaluation of real estate assets

RBI eased tier-I capital computing norms of PSU banks, by allowing them to add a of part revaluation gains on realty investments to their core capital