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Govt to infuse Rs 3054 crore in Allahabad Bank

09 Nov 2018 Evaluate

Allahabad Bank has received a communication from the Government of India, Ministry of Finance, Department of Financial Services regarding fresh capital infusion of Rs 3054 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 985.45
PNB 117.70
Bank Of Baroda 234.50
Canara Bank 124.60
Union Bank Of India 178.05
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