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Allahabad Bank planning to raise Rs 3054 crore

30 Nov 2018 Evaluate

Allahabad Bank is planning to raise equity capital of the Bank by an amount aggregating upto Rs 3054 crore through preferential allotment of new equity shares of the Bank to the Government of India against their capital infusion. The Board of Directors of the Bank at its meeting will be held on December 06, 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 985.45
PNB 117.70
Bank Of Baroda 234.50
Canara Bank 124.60
Union Bank Of India 178.05
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