ALSO READAllahabad Bank registers net profit of Rs 75 cr in Q3 Allahabad Bank raises Rs 1,000 cr via bonds Allahabad Bank raises Rs 300 cr via bonds Allahabad Bank gets ratings assigned for proposed Additional Tier 1 Bonds aggregating Rs 1000 crore Allahabad Bank Q4 net profit at Rs 111 cr as provisions fall
On 17 May 2017Allahabad Bank announced that the Board of Directors of the Bank on 17 May 2017 has approved the capital raising plan of bank as under -
Raising of equity capital of Bank aggregating up to Rs 2000 crore (including premium) through various modes.
The Board of Directors of the Bank has not recommended any dividend for financial year 2016-17.
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