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Allahabad Bank planning to raise additional Rs 1,800-1,900 crore

14 Nov 2018 Evaluate

Allahabad Bank is planning to raise additional Rs 1,800-1,900 crore to shore up capital adequacy. The Bank is exploring all options - government help, QIP, and hiving off non-core assets and stake in JVs.

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 985.65
PNB 117.85
Bank Of Baroda 234.60
Canara Bank 124.70
Union Bank Of India 178.05
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