Allahabad Bank Current Affairs, GK & News
RBI approves Mega Bank Consolidation Plan
The Reserve Bank of India is to implement a merger plan of 10 state-run banks into 4 larger banks from April 1, 2020. The Amalgamation of the banks had been notified by the GoI earlier of March 2020. Amalgamation Plan According to the plan, the United Bank of India and Oriental Bank of Commerce are ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs
Topics: Allahabad Bank • Bank Mergers • Canara Bank • Punjab National Bank • RBI • Union Bank of India
Merger of Public Sector Banks
The government has unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders. Proposed Merger Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation’s second-largest lender. Canara Bank and Syndicate Bank will merge. Union Bank ..
Topics: Allahabad Bank • Bank of Baroda • Canara Bank • Companies • Dena Bank • Economy of India • Financial services • Indian Overseas Bank • Mega Merger of Banks • National bank • Public Sector Banks • Public Sector Banks in India • State Bank of India • Syndicate Bank
RBI Removes three Banks from PCA Framework
The Reserve Bank of India (RBI) has removed three banks, Dhanlaxmi Bank, Allahabad Bank and Corporation Bank from the PCA framework by moving them out of its weak-bank watchlist. Basis for the decision of RBI The government has infused fresh capital into various banks including some of the banks currently under the PCA framework. As ..
Month: Current Affairs - February, 2019
Topics: Allahabad Bank • Capital to risk-weighted assets ratio • Central Bank of India • Corporation Bank • Dena Bank • Dhanlaxmi Bank • Indian Overseas Bank • Non Performing Assets (NPA) • RBI • Reserve Bank of India • return on assets • UCO Bank • United Bank of India
Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore ..
Month: Current Affairs - February, 2019
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Capital Infusion • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Public Sector Banks • UCO Bank • United Bank of India
Relaxation of Norms under PCA Framework
It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued by the RBI to maintain the sound financial health of banks. The RBI will initiate ..
Month: Current Affairs - January, 2019
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Parliamentary Committee on Finance • Prompt Corrective Action • RBI • relaxation of PCA framework • UCO Bank • United Bank of India