MoneyWorks4Me

Allahabad Bank receives capital infusion of Rs 1790 crore from govt

19 Jul 2018 Evaluate

Allahabad Bank has received a communication from the Government of India, Ministry of Finance, Department of Financial Services regarding capital infusion of Rs 1790 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, as Government's investment.  

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 978.95
PNB 117.35
Bank Of Baroda 234.50
Canara Bank 125.35
Union Bank Of India 178.45
View more..