Allahabad Bank to merge with Indian Bank

Allahabad Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532480 | NSE: ALBK

03 Sep 2019 Evaluate

Indian Bank has received a communication from Ministry of Finance, Government of India stating that the Alternative Mechanism (AM) after consultation with Reserve Bank of India has decided that Indian Bank and Allahabad Bank may consider amalgamation of the Allahabad Bank into Indian Bank. Accordingly, a meeting of Board of Directors to consider the amalgamation will be convened by the Bank in due course.

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	985.30
PNB	117.70
Bank Of Baroda	234.30
Canara Bank	124.70
Union Bank Of India	177.90
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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