Allahabad Bank Eyes Tie-Up With Mutual Fund
Allahabad Bank will be selling mutual funds through its 300-odd retail boutiques and branches and is on the lookout for a tie-up with a mutual fund.
Top bank officials said it was likely to reward its new shareholders with a dividend. Analysts have put the figure close to 8 to 9 per cent this year. The share issued at Rs 10 are ruling at Rs 14.50p two months after peaking at Rs 18.
On the mutual fund front, the chairman and managing director, B Samal said,