Allahabad Bank is planning to raise Rs 2000 crore through various modes of securities. In this regards, the company’s share issue and allotment committee of the board of directors will meet on October 13.
Recently, the bank waived off the processing fee on its home and car loans as part of its festive offering ‘AllBank Utsav’. The waiver of processing fee will be valid from October 1, 2017 to March 31, 2018.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
