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RBI removes restrictions imposed on Allahabad Bank

27 Feb 2019 Evaluate

The Reserve Bank of India (RBI) has lifted the restrictions imposed on Allahabad Bank under RBI Prompt Corrective Action (PCA) framework with effect from February 26, 2019. The Bank will be subjected to stipulated Monitorable Action Plan (MAP). 

Allahabad Bank is a nationalized bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.

Peers
Company Name CMP
State Bank Of India 988.65
PNB 117.70
Bank Of Baroda 234.80
Canara Bank 124.65
Union Bank Of India 178.00
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