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Allahabad Bank to sell vacant land in possession to boost capital: Report

12 Dec 2017 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 977.00
PNB 117.35
Bank Of Baroda 234.35
Canara Bank 125.35
Union Bank Of India 178.50
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