Allahabad Bank

Timelines
Fisdom raises $11 million from fintech giant PayU and others

01 Nov 2019

Fisdom raises $11 million from fintech giant PayU and others

Fisdom, a Bengaluru-based wealth management start-up that offers investment advisory services through its mobile application, has raised $11 million in a fresh round of funding.

#BharatBandh: How banking services will get affected

08 Jan 2019

#BharatBandh: How banking services will get affected

With the two-day nationwide general strike having commenced, banking services across India could be affected as a significant chunk of government bank employees have joined in on the strike.

IRCTC: Bank transaction charges while using Netbanking, Cards and Mobile-Wallets

24 Oct 2018

IRCTC: Bank transaction charges while using Netbanking, Cards and Mobile-Wallets

Indian Railways Catering and Tourism and Corporation (IRCTC) offers the facility of booking train tickets online, via its website and mobile app.

Deadline to file 'advance tax' is June 15: Details here

08 Jun 2018

Deadline to file 'advance tax' is June 15: Details here

If you have not yet paid the first instalment of your advance tax, then you should file it no later than June 15 to avoid a penalty.

ED attaches assets of Gujarat firm in Rs. 5,000cr bank-fraud

01 Jun 2018

ED attaches assets of Gujarat firm in Rs. 5,000cr bank-fraud

The Enforcement Directorate has attached Rs. 4,701cr worth of assets of Gujarat-based pharmaceutical company Sterling Biotech Group in connection with a Rs. 5,000cr bank fraud money laundering case, the ED said today.

PNB Scam: FinMin cracks down on people in CBI chargesheet

14 May 2018

PNB Scam: FinMin cracks down on people in CBI chargesheet

Following the filing of the CBI chargesheet today in the PNB scam, the board of the Allahabad Bank was asked to remove Usha Ananthasubramanian as its CEO and MD by Financial Services Secretary, Rajiv Kumar.

PNB scam: CBI to file chargesheet against several senior bankers

14 May 2018

PNB scam: CBI to file chargesheet against several senior bankers

After three FIRs and 19 arrests, the CBI is all set to file its first chargesheet in the Rs. 12,600cr Punjab National Bank (PNB) loan fraud case involving jewellers Nirav Modi and Mehul Choksi.

CBI court issues non-bailable warrants against Nirav Modi, Mehul Choksi

08 Apr 2018

CBI court issues non-bailable warrants against Nirav Modi, Mehul Choksi

A special CBI court has issued non-bailable warrants against Nirav Modi and Mehul Choksi, both of whom left the country in January.

PNB-scam: Anti-fraud agency summons ICICI's Chanda Kochhar, Axis' Shikha Sharma

05 Mar 2018

PNB-scam: Anti-fraud agency summons ICICI's Chanda Kochhar, Axis' Shikha Sharma

The Rs. 12,650cr scam by Nirav Modi and his uncle Mehul Choksi in connivance with PNB employees might be the undoing of many other banks too.

RBI to banks: Link SWIFT, Core Banking Solution by April

25 Feb 2018

RBI to banks: Link SWIFT, Core Banking Solution by April

The Reserve Bank of India (RBI) has set April 30 as the deadline for banks to integrate SWIFT (Society for Worldwide Interbank Financial Telecommunication) with Core Banking Solutions (CBS), as it looks to strengthen internal controls after the PNB fraud case.

PNB-scam: ED seizes imported watches, freezes shares worth Rs. 14cr

23 Feb 2018

PNB-scam: ED seizes imported watches, freezes shares worth Rs. 14cr

Investigating agencies are keeping up the pressure on Nirav Modi in the PNB scam, with ED continuing to seize assets and freeze shares.

Rotomac's Vikram Kothari, son arrested for Rs. 3,695cr loan default

23 Feb 2018

Rotomac's Vikram Kothari, son arrested for Rs. 3,695cr loan default

The CBI has arrested Rotomac Chairman Vikram Kothari and his son Rahul for siphoning off bank loans worth Rs. 3,695 cr.

Rotomac chairman Vikram Kothari arrested for Rs. 800cr loan default

19 Feb 2018

Rotomac chairman Vikram Kothari arrested for Rs. 800cr loan default

Amid rumors that Vikram Kothari had fled the country after defaulting on loans worth Rs. 800cr, the Rotomac chairman has been arrested, reports say.

Indian banks may lose Rs. 19,000cr in PNB-fraud: I-T Dept

18 Feb 2018

Indian banks may lose Rs. 19,000cr in PNB-fraud: I-T Dept

The Income Tax Department stated Indian banks could lose Rs. 17,632cr from loans and corporate guarantees provided to Punjab National Bank in the Rs. 11,400cr fraud.

Nirav Modi case: CBI arrests PNB's ex-Deputy Manager, two others

17 Feb 2018

Nirav Modi case: CBI arrests PNB's ex-Deputy Manager, two others

The CBI has arrested Punjab National Bank's former Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat, and the authorized signatory of Nirav Modi Group of Firms Hemant Bhat in connection to the alleged Rs. 11,400cr banking fraud by Nirav Modi and Mehul Choksi.

Nirav Modi scam: Massive cover-up by banks, media and govt?

16 Feb 2018

Nirav Modi scam: Massive cover-up by banks, media and govt?

For seven years, billionaire Nirav Modi and his associates managed to dupe one single bank of a whopping Rs. 11,400cr, and it apparently never found out till now.

Billionaire Nirav Modi charged in Rs. 280cr PNB cheating case

05 Feb 2018

Billionaire Nirav Modi charged in Rs. 280cr PNB cheating case

Billionaire diamond merchant Nirav Modi, his brother and wife have been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs. 280.7cr in 2017.

More flaws in Aadhaar: Anyone can access your bank details

11 Jan 2018

More flaws in Aadhaar: Anyone can access your bank details

Reports about the lack of privacy and safety in Aadhaar only keep getting worse.

Government to NGOs: Open bank accounts before 21 January, 2018

26 Dec 2017

Government to NGOs: Open bank accounts before 21 January, 2018

In a bid to maintain transparency, the Ministry of Home Affairs has directed NGOs, businesses etc that receive foreign funding to open bank accounts within a month.

PSU Banks: Bad times over yet?

23 Sep 2016

PSU Banks: Bad times over yet?

Moody's, one of the top ratings agencies, said that the outlook for Indian banks project that it is set to improve and stabilize over the coming years.