Allahabad Bank [Merged] News and Updates

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14 Aug 2020, 09:25PM

Indian Bank reports PBT of Rs 614.22 cr in Q1, operating profit rises 23%

Business Standard

The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank)

Allahabad Bank [Merged]

18 Jul 2020

Indian Bank to focus on consolidation and profitability, says MD & CEO

Business Standard

The amalgamation of Allahabad Bank into Indian Bank has placed Indian Bank as the seventh-largest bank in India

Allahabad Bank [Merged]

01 Apr 2020

Indian Bank allots 520.5 mn shares to Allahabad Bank shareholders

Business Standard

The bank is in the process of filing listing applications with the stock exchanges

No immediate plans to exit Universal Sompo: Padmaja Chunduru of Indian Bank

Business Standard | 01 Apr 2020

Allahabad Bank [Merged]

31 Mar 2020

Bank mergers: Allahabad Bank branches are now Indian Bank branches

Business Standard

Effective April 1, Allahabad Bank will merge with Indian Bank, creating an entity with over 6,000 branches, 4,800 ATMs, 43,000 employees, 120 million customers and business mix of Rs 8 trillion

Customers won't face any disruption post Allahabad Bank merger: Indian Bank

Business Line | 31 Mar 2020

Allahabad Bank [Merged]

28 Mar 2020

Allahabad Bank & Indian Bank's merger delayed amid 21-day lockdown

Business Today

The official said though the branches are noT operating at full strength due to the lockdown, all internal guidelines have been disemminated to the staff regarding standardisation of products, process and procedures

Allahabad Bank [Merged]

19 Mar 2020

Allahabad Bank shareholders to lose 25% post-merger with Indian Bank

Business Line

The city headquartered Allahabad Bank shareholders would find nearly 25 per cent erosion in holding value, based on current stock price post amalgama

Allahabad Bank [Merged]

17 Mar 2020

Coronavirus impact: bank merger taking place through video conference meetings

Business Today

"The only difference is that instead of having physical meetings with the field staff we are now having video conferences as the process has entered its last leg," a senior official of Allahabad Bank said

Allahabad Bank [Merged]

02 Mar 2020

Post merger, Allahabad and Indian Bank to have 10,000 branches in 2 years

Business Standard

At the end of December 2019, the total business of Allahabad Bank was close to Rs 3.94 trillion, while that of Indian Bank was close to Rs 4.5 trillion