Allahabad Bank has raised Rs 100 crore Basel III compliant additional Tier-I capital through private placement of bonds. The bondholders will get a coupon rate of 11.85 percent per annum.
The bank’s board gave its approval to raise up to Rs 2,000 crore in tranches during 2017-18 that will go into its additional Tier-I capital.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
| Company Name | CMP |
|---|---|
| State Bank Of India | 1012.85 |
| PNB | 110.15 |
| Bank Of Baroda | 243.00 |
| Canara Bank | 125.25 |
| Union Bank Of India | 168.45 |
| View more.. | |
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