Allahabad Bank to receive capital infusion of Rs 1790 cr from GoI

Capital Market 

has received a communication from the Government of India, Ministry of Finance, regarding capital infusion of Rs 1790 crore (Rupees one thousand seven hundred and ninety crore only) towards contribution of the in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, as Government's investment.

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First Published: Thu, July 19 2018. 12:17 IST