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allahabad bank (ALBK) Details

Allahabad Bank provides banking products and services in India and internationally. It operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. The company offers various deposit products, including saving and current accounts, term and flexi fix deposits, fixed deposit, double deposit plan, monthly income plan, and recurring deposits. It also provides various credit products, such as housing and furnishing loans, car loans, two-wheeler loans, education loans, commercial vehicle and home appliances finance schemes, trade and property loans, rent loans, reverse mortgage schemes, and overdraft facilities, as well as loans against national savings certificate/Kisan Vikas Patra; and personal loans for doctors. In addition, the company provides agriculture and small business loans, as well as government sponsored schemes; cash management services and gold card scheme; and international banking services. Further, it provides debit, prepaid gift, and credit cards; insurance products; online and mobile banking, bill payment services; and MSME banking services. Additionally, the company offers corporate advisory, project appraisal, issue management, loan syndication, debenture trusteeship, and underwriting services. It operates through approximately 3245 branches in India and 1 branch in Hong Kong. Allahabad Bank was founded in 1865 and is headquartered in Kolkata, India.

23,210 Employees
Last Reported Date: 06/1/19
Founded in 1865

allahabad bank (ALBK) Top Compensated Officers

MD, CEO & Director
Total Annual Compensation: 2.6M
Executive Director
Total Annual Compensation: 2.2M
Executive Director
Total Annual Compensation: 2.1M
Compensation as of Fiscal Year 2019.
allahabad bank
Allahabad Bank Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2019 and Audited Consolidated Earnings Results for the Year Ended March 31, 2019

Allahabad Bank reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2019 and audited consolidated earnings results for the year ended March 31, 2019. For the quarter, on standalone basis, the company reported total income of INR 46,028.6 million against INR 42,593.7 million a year ago. Operating profit (profit before provisions and contingences) was INR 6,342.6 million against INR 1,229.0 million a year ago. Net loss was INR 38,340.7 million or INR 21.93 per share against INR 35,096.3 million or INR 43.10 per share a year ago. For the year, on standalone basis, the company reported total income of INR 185,645.0 million against INR 190,510.5 million a year ago. Operating profit (profit before provisions and contingences) was INR 27,670.1 million against INR 34,383.2 million a year ago. Net loss for the period was INR 83,339.6 million or INR 65.34 per share against INR 46,743.7 million or INR 59.63 per share a year ago. For the year, on consolidated basis, the company reported total income of INR 188,063.8 million against INR 194,875.1 million a year ago. Operating profit (profit before provisions and contingences) was INR 26,659.3 million against INR 35,792.9 million a year ago. Net loss for the period was INR 84,573.8 million or INR 66.30 per share against INR 45,742.2 million or INR 58.35 per share a year ago.

Allahabad Bank To Raise Funds Via QIP

Allahabad Bank (BSE:532480) is looking to raise close to INR 12 billion through the qualified institutional placement (QIP) in the next three to five months. Allahabad Bank is hoping be back in black in the April 2019-June 2019 quarter and planning the QIP accordingly.

Allahabad Bank to Report Q4, 2019 Results on May 10, 2019

Allahabad Bank announced that they will report Q4, 2019 results on May 10, 2019

 

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