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14-Sep2018

Allahabad Bank to decide modes of raising Rs 1900 crore

Allahabad Bank is going to decide the modes/modalities of raising the equity capital of the Bank within the aforesaid overall limit of Rs 1900 crore (including premium). The meeting of Share Issue and Allotment Committee (SIAC) of Board of Directors of the Bank is scheduled to be held on September, 19, 2018, to consider the same.

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


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