Allahabad Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Bhushan Power & Steel fraud disclosure
Allahabad Bank disclosed on 13 July 2019 that it had detected a fraud involving Bhushan Power & Steel. The reported amount was approximately ₹17.7482 billion.
2019
SEL Manufacturing fraud disclosure
On 17 July 2019, the bank disclosed another fraud involving SEL Manufacturing, a textile company based in Ludhiana. The reported amount was approximately ₹6.8827 billion.