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Allahabad Bank gets nod to raise funds up to Rs 1,900 crore

12 May 2018 Evaluate

Allahabad Bank has received approval from its board to raise equity capital aggregating up to Rs 1,900 crore through various modes. The meeting of the Board of Directors of the company held on May 11, 2018, have approved the same.

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 980.95
PNB 117.50
Bank Of Baroda 235.25
Canara Bank 125.20
Union Bank Of India 178.85
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