In a bid to boost capital, Allahabad Bank has reportedly decided to sell vacant land in its possession. The bank will start the process soon by putting about 3 lakh square feet in Bareilly and Jhansi for sale for about Rs 60 crore.
The Bank has vast parcels of land attached to several of its old branches. Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.