Inactive Instrument

Allahabad Bank

532480

INE428A01015

Allahabad Bank Reportedly Might Partially Exit Insurance Venture Universal Sompo

July 02, 2019 at 12:00 am EDT

Allahabad Bank (BSE:532480) might partially exit Universal Sompo General Insurance Company Limited. Earlier, Allahabad Bank was also vetting the option of full exit from the Universal Sompo. Allahabad Bank is seeking fresh valuation of Universal Sompo after the Universal Sompo posted positive results for fourth quarter (Q4) of 2018-19 (FY19), said sources. Allahabad Bank holds 28.52% while Indian Overseas Bank (BSE:532388) holds 18.06% stake in Universal Sompo.

Latest news about Allahabad Bank

Indian Bank completed the acquisition of 7.99% in Allahabad Bank.	20-03-31	CI
No Change in Mega Bank Merger Plans Despite National Lockdown	20-03-25	CI
Allahabad Bank(BSE:532480) dropped from S&P Global BMI Index	20-03-20	CI
Allahabad Bank Announces the Cessation of P.R. Rajagopal as Executive Director	20-03-19	CI
Allahabad Bank announced that it has received INR 21.529999999 billion in funding from India	20-03-04	CI
Allahabad Bank Announces Cessation of Radha R. Sharma as Part-Time Non-Official Director	20-03-02	CI
Allahabad Bank Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2019	20-02-11	CI
Allahabad Reportedly in Talks with Sompo to Sell Its Stake in Universal Sompo	20-01-10	CI
Allahabad Bank Announces Raising of Funds Through Private Placement of Basel Iii Compliant Tier 2 Bonds	19-12-27	CI
Allahabad Bank announced that it expects to receive INR 21.529999999 billion in funding from India	19-12-25	CI
Allahabad Bank Reports Unaudited Standalone and Consolidated Earnings Results for Second Quarter and Six Months Ended September 30, 2019	19-11-08	CI
MSTC Ltd Signs Agreement with Allahabad Bank for Sale of NPAs	19-11-05	CI
Allahabad Bank Appoints Gautam Guha as Part-Time Non-Official Director on the Board of the Bank	19-10-23	CI
Allahabad Bank Announces Cessation of Ch. S.S. Mallikarjuna Rao as Managing Director & Chief Executive Officer	19-10-03	CI
Indian Bank agreed to acquire 7.99% in Allahabad Bank for INR 5.7 billion.	19-09-15	CI
Allahabad Bank Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2019	19-07-31	CI
Allahabad Bank Reportedly Might Partially Exit Insurance Venture Universal Sompo	19-07-02	CI
PNB Reportedly Seeks To Take Control Of 2-3 Small State-Run Banks	19-05-21	CI
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	19-05-10	CI
Allahabad Bank To Raise Funds Via QIP	19-05-10	CI
Allahabad Bank Announces Cessation Gautam Guha, Part-Time Non-Official Director	19-04-25	CI
Allahabad Bank, Andhra Bank In Talks To Sell Stakes In ASREC India	19-04-18	CI
Allahabad Bank Plans To Divest Stake In Universal Sompo And Sell Non-Core Assets	19-03-15	CI
Allahabad Bank Appoints P. R. Rajagopal as Executive Director	19-03-01	CI
Allahabad Bank Announces Cessation of N.K. Sahoo as Executive Director	19-03-01	CI

Chart Allahabad Bank

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Company Profile

Allahabad Bank is a banking company. The Company's principal products/services are debenture/ security trusteeship fees and custodian fees. It operates through four business segments: Treasury Operations, Corporate/ wholesale Banking, Retail Banking and Other Banking business. It offers personal banking; social banking; micro, small and medium enterprises banking; retail credit products; corporate banking, and international banking. It has over 3,209 domestic branches and an overseas branch at Hong Kong. Out of 3,209 domestic branches, over 1,307 are at rural, 720 are at semi-urban, 656 are at urban and 526 are at metropolitan centers. It has over 185 onsite and two offsite e-lobbies, over 100 mini e-lobbies, 50 cash deposit kiosks and 40 passbook printing kiosks covering over 380 branches. It operates over 1,210 automatic teller machines. Its Internet Banking application features facilities, such as card hot listing, e-filing of income tax returns and mobile banking registration.

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