The first-of-its-kind seamless merger of equal-sized Indian banks with prominence in the southern and eastern region of the country has been well recognized and published by Harvard Business Publishing as a case study.
In value terms, the gross NPAs stood at Rs 39,965.02 crore as against Rs 13,511.21 crore.
These infusions by the government are a part of the Rs 70,000 crore recapitalization
SEL Manufacturing Ltd. (SELM) has defrauded the bank of Rs 688.27 crore.
During the FY19, there was "severe pressure on quality of assets and the rise of NPA" in the bank, which was not an isolated phenomenon but part of the overall industry trend, the report pointed out.
Allahabad Bank SO recruitment: The candidates should apply online on the official website-www.allahabadbank.in by April 29, 2019.
Allahabad Bank recruitment: The candidates should apply online on the official website-www.allahabadbank.in by April 29, 2019.
The bank had registered a net profit of Rs 28.84 crore in the corresponding April-June period of 2017-18
Ananthasubramanian was to superannuate on Monday; development comes nearly three months after state-owned Allahabad Bank divested her of all powers after CBI named her involvement in the Rs 14,000 crore PNB scam.
Capital requirement for the lender during the current fiscal would be close to Rs 9,000 crore, Sahoo said on the sidelines of the meeting.
