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Allahabad Bank to raise Rs 3,054 crore via preferential issue

06 Dec 2018 Evaluate

Allahabad Bank has received approval to raise funds aggregating up to Rs 3,054 crore (including premium) through preferential issue of equity shares to the Government of India. The Banking and Finance Committee of the Company at its meeting held on December 06, 2018 has approved 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 1018.00
PNB 126.30
Bank Of Baroda 250.00
Canara Bank 122.80
Union Bank Of India 186.75
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