Allahabad Bank

Indian government injects $243.7m in Allahabad Bank

Allahabad Bank, a public sector lender, has raised approximately INR17.9bn ($243.74m) from the Government of India (GoI) to beef up…

RBI bans Allahabad Bank from lending and accepting deposits

The Reserve Bank of India (RBI) has restricted state-run lender Allahabad Bank from lending to risky assets and raising high-cost…