Which bank has high NPA?

Among PSBs, State Bank of India (SBI) which accounts for the highest share at around 20\% of the gross NPAs of state-owned banks in Q3 FY21, reported the highest asset quality improvement, with a decline in bad loan to 4.8\%, followed by Punjab National Bank (PNB) accounting for around 16\% share which also posted lower …

Is Allahabad Bank shutting down?

Effective April 1, Allahabad Bank will cease to exist in its present form and will be officially merged with Indian Bank. Indian Bank’s Managing Director and CEO Padmaja Chunduru said, “We warmly welcome the employees and customers of Allahabad Bank to the Indian Bank fold.

What is the position of Allahabad Bank?

As of 31 March 2018, Allahabad Bank had over 3245 branches across India. The bank did a total business of ₹ 3.8 trillion during the FY 2017–18. The bank’s market capitalisation in June 2018 was US$573 million and ranked #1,882 on the Forbes Global 2000 list.

How do I know my bank NPA?

1. IDENTIFICATION EXERCISE FOR BANK NPA. Verification of Concurrent Audit / Internal Audit Report. Screening of accounts. Coding of accounts.
2. OTHER POINTS FOR CONSIDERATION IN ASSET CLASSIFICATION BY BANKS : ♣ Availability of security / net worth of borrower/ guarantor. ♣ Accounts with temporary deficiencies.

Is Indian Bank now Allahabad Bank?

The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over in February this year.

Is Allahabad Bank merged or not?

The mergers that are taking place are as follows – Syndicate Bank merged with Canara Bank, Allahabad Bank has been merged with Indian Bank, Vijaya Bank and Dena Bank have both been taken into the fold under the Bank of Baroda.

Will Allahabad Bank name change?

Allahabad Bank has merged into Indian Bank on April 1, 2020. The interest rates of Indian Bank will now be applicable on Allahabad Bank.