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Allahabad Bank to decide modes of raising Rs 1900 crore

14 Sep 2018 Evaluate

Allahabad Bank is going to decide the modes/modalities of raising the equity capital of the Bank within the aforesaid overall limit of Rs 1900 crore (including premium). The meeting of Share Issue and Allotment Committee (SIAC) of Board of Directors of the Bank is scheduled to be held on September, 19, 2018, to consider 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 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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