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Allahabad Bank reports net loss of Rs 1,823 crore in Q2

Allahabad Bank has reported results for second quarter ended September 30, 2018. The Bank has reported net loss of Rs 1,822.71 crore for the quarter under review, as against net profit of Rs 70.20 crore for the same quarter in the previous year. Total income of the Bank decreased by …

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Allahabad Bank planning to raise additional Rs 1,800-1,900 crore

Allahabad Bank is planning to raise additional Rs 1,800-1,900 crore to shore up capital adequacy. The Bank is exploring all options – government help, QIP, and hiving off non-core assets and stake in JVs. Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint …

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