Allahabad Bank Archives

adminMay 25, 2021

Kolkata : Leading private insurer SBI Life Insurance on Monday said it has signed a ‘bancassurance’ pact, with state-run Allahabad Bank to offer a financial planning solution to consumers. One of the largest bancassurance partnerships in the country will see 3,238 branches of the bank across the country offering the insurer’s a range of protection, […]

adminMay 25, 2021

Kolkata : State-run Allahabad Bank, which referred 65 stressed accounts involving around Rs 12,566 crore to the NCLT for IBC resolution during last fiscal, is focusing on recovery and rebalancing its loan book with emphasis on small, micro, agriculture and retail advances. The lender also said the number of “wilful defaulters” declared by the bank […]

adminMay 25, 2021

Kolkata : State-run Allahabad Bank on Wednesday said it has sanctioned Rs 1,003 crore in loans to 8,289 beneficiaries for micro, small and medium enterprises (MSME) through a special drive. “The bank organised a mega camp for MSME loans on Monday. Through the said camp, MSME loans aggregating Rs 1,003 crore were sanctioned to 8,289 […]