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Allahabad Bank to raise Tier 2 capital up to Rs 1500 crore during FY20

09 Dec 2019 Evaluate

Allahabad Bank has received an approval for the raising of Tier 2 capital of the Bank by floating Basel III compliant Tier 2 Bonds aggregating up to Rs 1500 crore in one or more tranches during FY 2019-20. The Board of Directors of the Bank at its meeting held on December 07, 2019, 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 989.25
PNB 117.75
Bank Of Baroda 234.75
Canara Bank 124.75
Union Bank Of India 178.00
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