ALBK

Allahabad Bank has informed the Exchange that the Extra Ordinary General Meeting of the Shareholders of the Bank, called for their approval for preferential allotment of Equity Shares to the Govt of India on March 24, 2011 has been pre-pond to March 23, 2011 due to unavoidable circumstances. However the "relevant date" shall remain unchanged as February 19, 2011.

Allahabad Bank has informed the Exchange that the Bank has decided to increase its Benchmark Prime Lending Rate (BPLR) from existing 13.50% to 13.75% with effect from February 24, 2011.

Allahabad Bank has informed the Exchange that the Board of Directors of the Bank has resolved to call an Extra Ordinary General Meeting of the Shareholders of the Bank on March 24, 2011 for their approval for preferential allotment of Equity Shares to the Govt. of India. Further the Board of Directors of the Bank has fixed February 19, 2011 as the "relevant date" in terms of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement), Regulations, 2009.

Allahabad Bank has informed the Exchange that the Bank has decided to revise the interest rate ranging from 0.25% to 2.00% p.a. on various domestic term deposits schemes with effect from February 18, 2011.

Allahabad Bank has informed the Exchange that the term of office of Smt. Joginder Kaur part time non-official director nominated on the Board of the Bank for a period of three years from the date of notification and/or until further orders, whichever is earlier, vide Govt. of India Notification No. F. No.9/22/2006-BO-I dated February 14, 2008 expired on February 13, 2011 and accordingly she has ceased to be the director of the Bank on completion of her three years term.

Allahabad Bank has informed the Exchange that the Bank has decided to increase its Benchmark Prime Lending Rate (BPLR) by 25 basis points i.e. from 13.25% p.a. to 13.50% p.a. and its Base Rate by 50 basis point i.e. from 9.00% p.a. to 9.50% p.a. w.e.f. February 01, 2011. Besides this Bank has also launched deposit scheme for 400 at a interest rate of 8.50% p.a. (Sr. citizen @ 9% p.a).

Allahabad Bank has informed the Exchange regarding a press release dated January 28, 2011, titled "CONSISTENT GROWTH ALL THE WAY; ALLAHABAD BANK'S BUSINESS CROSSES Rs. 2,00,000 CRORE".

Allahabad Bank has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2010.

Allahabad Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Interest earned of Rs. 285545 lacs for the quarter ending on 31-DEC-2010 against Rs. 210775.52 lacs for the quarter ending on 31-DEC-2009. Interest expended of Rs. 180381 lacs for the quarter ending on 31-DEC-2010 against Rs. 143218.94 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 41580 lacs for the quarter ending on 31-DEC-2010 against Rs. 34536.79 lacs for the quarter ending on 31-DEC-2009.

Allahabad Bank has informed the Exchange that Shri K.K Dogra, Officers Nominee director of the Bank has ceased to be the director of the Bank after completion of his three years term.

Allahabad Bank has informed the Exchange that the Bank has decided to increase the interest rate ranging from 0.50% to 1.50% on various term deposit schemes with effect from January 10, 2011.

Allahabad Bank has informed the Exchange that the Business of the Bank has crossed Rs. Two lakh crore as on December 31, 2010.

Allahabad Bank has informed the Exchange that the Bank has decided to raise its BASE RATE from existing 8.50% to 9.00% and Benchmark Prime Lending Rate (BPLR) from existing 12.50% to 13.25% with effect from December 14, 2010.

Allahabad Bank has informed the Exchange that the Bank has decided to offer interest rate on domestic term deposits at 8.00% p.a.for 300 days with effect from December 01, 2010 on deposits below Rs.1crore.

Allahabad Bank has informed the Exchange that the bank has appointed M/s M.C.Jain & Co. Chartered Accountants, as the Statutory Central Auditors of the Bank in place of M/s Venkat & Rangaa Chartered Accountants. Further, the Company has submitted to the Exchange the List of Auditors for the year 2010-11.

Allahabad Bank has informed the Exchange regarding a press release dated October 21, 2010, titled "Consistent growth all the way; Allahabad Bank's Business Crosses Rs. 1,96,800 Crore".

Allahabad Bank has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2010.

Allahabad Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Interest earned of Rs. 263692.14 lacs for the quarter ending on 30-SEP-2010 against Rs. 204669.12 lacs for the quarter ending on 30-SEP-2009. Interest expended of Rs. 166772.56 lacs for the quarter ending on 30-SEP-2010 against Rs. 144343.52 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 40256.57 lacs for the quarter ending on 30-SEP-2010 against Rs. 33359.09 lacs for the quarter ending on 30-SEP-2009.

Allahabad Bank has informed the Exchange that the Bank has decided to raise its BASE RATE from 8.00% to 8.50% w.e.f. October 01, 2010.

Allahabad Bank has informed the Exchange that the Bank has decided that the interest rate on domestic term deposit for the amount below Rs. 1.00 crore and having tenor of 500 days will be 7.50% p.a. with effect from September 27, 2010. The interest rate on other domestic term deposits will remain unchanged.

Allahabad Bank has informed the Exchange that " In exercise of the powers conferred by clause (e) of Sub-section 3 of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, read with Sub clause (1) & (2) of Clause 9 of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970, the Govt. of India, Ministry of Finance, Department of Financial Services vide their Notification No. F.No. 9/22/2009-BOI dated 16-08-2010, have appointed Shri Gour Das, Special Assistant as Workmen Employee Director of the Bank, for a period of three years from the date

Allahabad Bank has informed the Exchange that the Bank has decided to increase its Benchmark Prime Lending Rate (BPLR) by 50 basis points i.e. from 12.00% to 12.50% w.e.f. August 16, 2010 while keeping its base rate intact at 8%.

Allahabad Bank has informed the Exchange that the Board of Directors of the Bank has approved raising of debt capital instruments in the form of Innovative Perpetual Debt Instrument (Tier I Capital). Debt capital Instrument (Upper Tier II Bonds) and Subordinated Debts (Tier II Capital) aggregating to Rs. 1400.00 crore during the current financial year 2010-11.

Allahabad Bank has informed the Exchange that "In exercise of the powers conferred by clause (c) of Sub-section 3 of Section 9 of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, read with Sub clause (I) of Clause 3 of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970, the Govt. of India, Ministry of finance, Department of Financial Services Vide their Notification No. F.NO. 9/2/2007-BOI dated July 30, 2010, have Nominated Shri S. Ramaswamy, CGM D/o Expenditure & Budgetary Control Central Office Mumbai as Director of the Bank in place of Shri

Allahabad Bank has informed the Exchange that the Bank has decided to change the interest rate on term deposits.

Allahabad Bank has informed the Exchange regarding a press release dated July 23, 2010, titled "Consistent growth all the way; Allahabad Bank Business Crosses Rs. 184000 Crore".

Allahabad Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Interest earned of Rs. 240312.17 lacs for the quarter ending on 30-JUN-2010 against Rs. 200818.45 lacs for the quarter ending on 30-JUN-2009. Interest expended of Rs. 155278.13 lacs for the quarter ending on 30-JUN-2010 against Rs. 137913 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 34714.23 lacs for the quarter ending on 30-JUN-2010 against Rs. 30286.13 lacs for the quarter ending on 30-JUN-2009.

Allahabad Bank has informed the Exchange that, the Govt. of India, Ministry of Finance, Department of Financial Services vide their Notification No. F. No. 9/52/2009-BOI dated 14-07-2010, have Nominated Shri Rajesh M. Chaturvedi as part-time non-official Director of the Bank under Chartered Accountant Category for a period of three years from the date of Notification or until further orders, whichever is earlier.

Allahabad Bank has submitted to the Exchange a copy of the Minutes of the Annual General Meeting of the shareholders of the Bank held on June 10, 2010.

Allahabad Bank has informed the Exchange that:"As per Reserve Bank of India, directives, the Bank has fixed the Base Rate at 8.00%. The Base Rate is applicable with effect from 01-07-2010. The Base Rate and the spread thereon will be reviewed by the Bank at least once in a quarter".

Allahabad Bank has informed the Exchange that the Audit Committee of the Board has approved the appointment of Shri A.B. Bhattacharjee, as General Manager (F&A) and Chief Financial Officer of the Bank.

Allahabad Bank has informed the Exchange that "The Bank received only one (1) valid nomination for contesting the election against one casual vacancy of shareholders' director as detailed below:- Name: Shri Sudip Chaudhuri; S/O: Late Sudhindra Bhushan Chaudhuri; Address: 1/3/B, South End Park, Flat-II, Kolkata- 700029. In view of this Shri Sudip Chaudhuri is deemed to have been elected as Director representing shareholders forthwith and shall hold office till June 29, 2011. In view of the above, there shall not be any election as set out in item No.3 of the Notice for convening AGM."

Allahabad Bank has informed the Exchange that "The Board of Directors of the Bank has decided to fill the casual vacancy of shareholders' director through election in the forthcoming Eight Annual General Meeting to be held on June 10, 2010. The cut off date of the shareholders to participate in the election shall be May 14, 2010 (closing business hour).

Allahabad Bank has informed the Exchange that "The Bank has duly redeemed its 7% Tier II Series III Bonds aggregating Rs.100.00 crore on maturity date i.e. 30-04-2010."

Allahabad Bank has informed the Exchange that the Annual General Meeting of the Company will be held on June 10, 2010. Further the Company has informed the Exchange that the Register of Members and Share Transfer Books of the Bank will remain closed from May 15, 2010 to June 10, 2010 (both days inclusive) for the purpose of Annual General Meeting to be held on June 10, 2010 and Dividend.

Allahabad Bank has informed the Exchange regarding a press release dated April 30, 2010, titled "Allahabad Bank Net Profit Surges to Rs.1206 crore". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/AllahbadBank_PR_30042010.zip target=NEW> For more details click here.</a>

Allahabad Bank has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 836920.01 lacs for the year ending on 31-MAR-2010 against Rs. 736472.79 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 571872.09 lacs for the year ending on 31-MAR-2010 against Rs. 520606.13 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 120632.71 lacs for the year ending on 31-MAR-2010 against Rs. 76859.81 lacs for the year ending on 31-MAR-2009.

Allahabad Bank has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 837195 lacs for the year ending on 31-MAR-2010 against Rs. 736481 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 571816 lacs for the year ending on 31-MAR-2010 against Rs. 520587 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 122846 lacs for the year ending on 31-MAR-2010 against Rs. 79047 lacs for the year ending on 31-MAR-2009.

Allahabad Bank has informed the Exchange that the Board of Directors have recommended dividend @ 55% on the equity share capital i.e. Rs. 5.50 per equity share of face value of Rs. 10.00 each.

Allahabad Bank has informed the Exchange that "The Calcutta Stock Exchange Ltd. vide their letter No. CSE/LD/236/2010 dated 09-03-2010 have conveyed their approval of voluntary delisting of the equity shares of our Bank w.e.f. 10-03-2010. Accordingly the equity share of the Bank under scrip code 11595 & 1011595 stand delisted from the Calcutta Stock Exchange Ltd. w.e.f. 10-03-2010, however the equity shares of the Bank will continue to be listed with NSE & BSE".

Allahabad Bank has informed the Exchange that "The Govt. of India Ministry of Finance, Department of Financial Services vide their Notification No. F.No. 9/12/2009-BOI dated 22-01-2010, have appointed Shri M.R. Nayak as Executive Director of the Bank. Shri M.R. Nayak has joined the Bank on 22-01-2010 and will hold office as Executive Director of the Bank upto 31-05-2012 or until further order, whichever is earlier".

Allahabad Bank has informed the Exchange regarding a press release dated January 22, 2010, titled "Allahabad Bank Net Profits Grows 95% for 9 months upto December, 2009". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Allahbadbank_PR_22012010.zip target=NEW> For more details click here.</a>

Allahabad Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Interest earned of Rs. 210775.52 lacs for the quarter ending on 31-DEC-2009 against Rs. 189804.45 lacs for the quarter ending on 31-DEC-2008. Interest expended of Rs. 143218.94 lacs for the quarter ending on 31-DEC-2009 against Rs. 129390.46 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 34536.79 lacs for the quarter ending on 31-DEC-2009 against Rs. 36946.94 lacs for the quarter ending on 31-DEC-2008.

Allahabad Bank has informed the Exchange tha the Govt. of India on recommendation of Reserve Bank of India has issued a Notification dated November 10, 2009, increasing the Authorized Capital of the Nationalized Banks from existing Rs.1500 crore to Rs.3000 crore. Accordingly, the Board of directors of the Bank in its meeting held on December 29, 2009, has taken note of the above and passed a resolution, increasing the Authorized Capital of the Bank from existing Rs.1500 crore to Rs.3000 crore.

Allahabad Bank has informed the Exchange that "The Bank has successfully raised Rs.650 crore through private placement of Upper Tier II Bonds of Rs.500 crore and Innovative perpetual Tier I Bonds of Rs.150 crore".

Allahabad Bank has informed the Exchange that the All India Bank Officers' Association (AIBOA) and All India Bank Employees' Association (AIBEA) have served a notice of strike, informing their decision to go on a nationwide strike on December 16, 2009 for certain industry issues. The Bank is taking all the necessary steps in terms of the existing guidelines for smooth functioning of Bank's branches/offices to deal with the strike in the event the same materializes on December 16, 2009.

Allahabad Bank has informed the Exchange that the Govt. of India Ministry of Finance, Department of Financial Services vide their Notification No. F.No. 9/12/2009-BOI dated December 07, 2009 have appointed Shri D.Sarkar as whole time director (designated as Executive Director) of the Bank. Shri Sarkar has joined the Bank on December 07, 2009 and will hold office as Executive Director of the Bank upto November 30, 2013 or until further order, whichever is earlier.

Allahabad Bank has informed the Exchange vide its letter dated December 04, 2009 that Shri J.P.Dua, presently the executive director of the Bank has been appointed on date as the Chairman & Managing Director of the Bank, vide Government of India, Ministry of Finance, Department of Financial Services, Notification No. F.N. 9/12/2009-BO-I dated 04-12-2009, upto 31-08-2012 or until further orders, whichever is earlier.

Allahabad Bank has informed the Exchange that the Bank is planning to come out with Unsecured Non-convertible Subordinated Perpetual Tier I Bonds (Series II) amounting to Rs. 150.00 crore shortly, with a coupon rate of 9.08% p.a. for the first 10 years. The Bonds shall have a step up option which shall be exercised only once during the whole life of instrument, in conjunction with Call Option, after the lapse of 10 years from the date of issue. The step up shall be 50 bps.

Allahabad Bank has informed the Exchange that: "The Bank is planning to come out with Upper Tier II Bonds (Series II) amounting to Rs.500.00 crore shortly with a coupon rate 8.58% p.a for first 10 years and step up coupon rate of 9.08% p.a for last 5 years".