Allahabad Bank Merges its subsidiary AllBank Finance with Itself

Allahabad Bank Merges its subsidiary AllBank Finance with Itself Public sector Allahabad Bank has merged its wholly owned subsidiary AllBank Finance (ABFL) with itself on December 23, 2016. The merger was finalized at the Board of Directors meeting who gave the in-principle approval for merger of loss making AllBank Finance with the bank.  AllBank Finance is the merchant banking arm of

2 Abu Dhabi banks to merge into largest Gulf Arab bank

2 Abu Dhabi banks to merge into largest Gulf Arab bank Stockholders at two Abu Dhabi banks approved a plan to merge the firms into the biggest bank of all Gulf Arab countries with assets of USD 178 billion amid a regional economic slump. Shareholders at the National Bank of Abu Dhabi and First Gulf Bank approved the tie-up at two separate meetings, a move first publicly discussed by the two