LIVE News Updates: Allahabad Bank board approves merger with Indian Bank

Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders

LIVE News Updates: Allahabad Bank board approves merger with Indian Bank

NH Web Desk

16 Sep 2019, 8:17 PM

Allahabad Bank board approves merger with Indian Bank

The board of Allahabad Bank on Monday approved the merger proposal with Indian Bank, making the amalgamated entity the seventh largest public sector lender of the country.

Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.

"In terms of SEBI (listing obligations and disclosure requirements), the board of directors in a meeting held today has considered and accorded its in-principle approval for amalgamation of Allahabad Bank into Indian Bank," the Kolkata-based lender said in a statement.

Meanwhile, employees and officers of Allahabad Bank staged a demonstration in front of its headquarters here to protest against the merger.

A office-bearer of the staff association said the amalgamation is being opposed as Allahabad Bank has higher levels of CASA (current account and savings account), more staff strength and a bigger volume of business compared to the other lender.

"The merger proposal with Indian Bank is illegal," he claimed.

16 Sep 2019, 9:15 PM

Kartarpur corridor to be opened for Sikh pilgrims from Nov 9

Kartarpur corridor will be opened for Sikh pilgrims from November 9, Pakistan has said

16 Sep 2019, 9:01 PM

Delhi police arrest man who turned 32-year-old into octogenarian to get US visa

The Delhi Police on Monday arrested a man, Shamsher Singh alias Billu Barber, in connection with a case where a 32-year-old man was arrested at Indira Gandhi International Airport for impersonating an 81-year-old man in an attempt to fly to US.

According to police, Shamsher Singh runs a salon in Rohini. He had similarly changed the appearance of 10-12 people and used to charge Rs 20,000 for the make-up.

16 Sep 2019, 8:45 PM

Robbers loot Rs 19.72 lakhs from Udaipur bank

Six robbers decamped with Rs 19.72 lakh from a bank in Udaipur. The incident was reported on Monday. District police chief Kailash Bishnoi that faces of all the six criminals are visible in the CCTV footage and that identification is being done.

There were no guards at the bank when the loot happened as it is a small branch.

16 Sep 2019, 6:43 PM

SC to hear on Sep 23 Ahmed Patel's plea against petition challenging his RS election

The Supreme Court Monday said it will hear on September 23 the plea of senior Congress leader Ahmed Patel seeking stay on further proceedings in the Gujarat High Court on his 2017 election to the Rajya Sabha that has been challenged by rival BJP candidate Balwantsinh Rajput.

A Bench of Chief Justice Ranjan Gogoi and Justices S A Bobde and S A Nazeer agreed to hear the plea after senior advocate Abhishekh Manu Singhvi, appearing for Patel, submitted that the matter is scheduled for hearing in the high court on September 27.

16 Sep 2019, 6:32 PM

Uyghur leader Dolkun Isa slams Imran Khan

World Uyghur Congress president Dolkun Isa has slammed Pakistan government and Prime Minister Imran Khan for the country's "double standard" in raising human rights issues.

He said that PM Imran Khan has been raising the Kashmir issue but when it comes to the Uyghurs issue, he seems to support China's repression.

"It's a shame," Isa said in Geneva.

16 Sep 2019, 4:50 PM

It's because of talent of Indian youth that India is counted among leading countries of world, says Congress

“Mr Minister, It's because of the talent and capabilities of Indian youth that the country today is counted among the leading countries of the world. Yes, your government certainly has not only discredited this talent but also insulted the youth power with such frivolous comments,” tweeted Congress

16 Sep 2019, 4:00 PM

Movement of people on Kartarpur Corridor by November 11

16 Sep 2019, 2:57 PM

Neena Gupta wins two awards at India International Film Festival of Boston

16 Sep 2019, 2:57 PM

Roadside bomb kills 5 civilians in Kabul, Afghanistan

An Afghan official says five civilians have died when their vehicle struck a roadside bomb in western Farah province.

Mohibullah Mohib, spokesman for the provincial police chief, says the casualties include women and children. He says the bombing took place on Sunday afternoon near the city of Farah, the provincial capital.

16 Sep 2019, 2:02 PM

Priyanka Gandhi slams Santosh Gangwar over his unemployment comment

“Mr Minister, you have mentioned such a big thing, then please provide data also. How many jobs you have created in 5 years and 100 days? How many north Indians were given jobs by the government? How many jobs were created under the Skill India scheme? Yes, do remember people have the figures and data of jobs taken away,” tweeted Priyanka Gandhi

16 Sep 2019, 1:30 PM

Former Andhra Pradesh Speaker, Kodela Siva Prasada Rao commits suicide by hanging

16 Sep 2019, 12:47 PM

WPI inflation for August remains unchanged at 1.08 pc compared to July: govt data

16 Sep 2019, 12:27 PM

Delhi High Court releases Aam Aadmi Party MLA Som Dutt on bail; Next date of hearing October 30

16 Sep 2019, 12:00 PM

Chief Justice of India, Ranjan Gogoi, says in Supreme Court "if requirement arises, I may visit Jammu and Kashmir"

16 Sep 2019, 11:49 AM

Supreme Court allows Ghulam Nabi Azad to travel to Kashmir

Supreme Court issues notice in plea by Ghulam Nabi Azad seeking permission to enter the State, interact with people. Passes order allowing him to visit four districts on undertaking by him that he does not indulge in political activities.

16 Sep 2019, 11:30 AM

Supreme Court directs Govt to ensure that normalcy is restored in Jammu and Kashmir

Supreme Court directs Govt to ensure that normalcy is restored in the State.

This restoration shall be on selective basis keeping in mind national interests says Supreme Court.

16 Sep 2019, 11:18 AM

SC allows CPI(M) leader Tarigami to go back to J&K

The Supreme Court on Monday allowed CPI(M) leader Mohd Yusuf Tarigami to go back to his home state Jammu and Kashmir.

A bench of Chief Justice Ranjan Gogoi and justices S A Bobde and S A Nazeer said the former MLA does not need any permission to go home if doctors at AIIMS allow him.

16 Sep 2019, 11:16 AM

All Kashmir-based newspapers are running and the government has been offering all kinds of assistance: Centre to SC

16 Sep 2019, 11:14 AM

SC says as the so-called shutdown is in Kashmir itself, then it can be dealt by the J&K HC

16 Sep 2019, 11:11 AM

If doctors at AIIMS say you are fit to be discharged then you don't need permission to go home, SC to Tarigami's lawyer

16 Sep 2019, 10:59 AM

There was no order for detention of CPI(M) MLA Mohd Yusuf Tarigami, Counsel for Sitaram Yechury tells SC

16 Sep 2019, 10:55 AM

SC issues notices to Centre, and Jammu and Kashmir on plea of Vaiko; fixes it for hearing on Sept 30

16 Sep 2019, 10:21 AM

High-level meeting underway at Ministry of Home Affairs

A high-level meeting is underway at Ministry of Home Affairs. Home Minister Amit Shah, National Security Advisor (NSA) Ajit Doval, Home Secretary AK Bhalla and Intelligence officials present in the Meeting

16 Sep 2019, 9:49 AM

12 shops gutted in fire at Junction market in Siliguri, West Bengal

12 shops gutted in fire at Junction market in Siliguri, West Bengal, early morning today; no casualties reported

16 Sep 2019, 9:32 AM

Sensex down by 198.16 points, currently at 37,186.83

16 Sep 2019, 8:46 AM

Pakistan violates ceasefire along LoC in J&K's Poonch

Pakistani Army violated ceasefire by resorting to mortar shelling on forward posts and villages along the Line of Control (LoC) in Jammu and Kashmir's Poonch district, officials said on Monday.

16 Sep 2019, 8:46 AM

Rescue operations resumed at 5:45 am today in Godavari, Andhra Pradesh

Rescue operations resumed at 5:45 am today with two helicopters and 8 boats. Gates of Dowleswaram barrage closed down & search is underway there as well. 11 people have been reported dead in the incident.

16 Sep 2019, 8:24 AM

England wins fifth test, Ashes series ends in a draw

With England winning the fifth and final Ashes Test at the Oval, the series ended at a 2-2 scoreline, the first time in 47 years that the Men's Ashes has ended in a draw.

16 Sep 2019, 8:17 AM

Oil prices soar more than 10 per cent after Saudi plant attacks

Oil prices surged more than 10 per cent Monday after attacks on two Saudi Arabian plants that slashed output in the world's top producer by half, with Donald Trump blaming Iran and raising the possibility of a military strike on the country.

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