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Allahabad Bank to get capital infusion of Rs 2,153 crore from GoI

27 Dec 2019 Evaluate

Allahabad Bank has received a communication from the Government of India (GoI), Ministry of Finance, Department of Financial Services regarding fresh capital infusion of Rs 2,153 crore towards contribution of the central government in the preferential allotment of equity shares of the bank during the financial year 2019-20 as the government's investment.

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 985.20
PNB 117.60
Bank Of Baroda 234.80
Canara Bank 124.85
Union Bank Of India 177.65
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