Govt pumps Rs 3054 cr into Allahabad Bank

Govt pumps Rs 3054 cr into Allahabad Bank

Allahabad Bank on Thursday said that the government had infused Rs 3,054 crore into the state-run lender. The government will infuse fresh capital towards contribution of the central government in the preferential allotment of equity shares (special securities/bonds) of the bank during financial year 2018-19. The bank had posted a June-quarter loss of Rs 1,944 crore against a profit of Rs 28.8 crore a year ago. 

Read More at Livemint News date : 9 Nov 2018, Friday

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