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Allahabad Bank to sell non-core assets

Capital Market 

Under PSBs Reform Agenda

Bank announced that in compliance with the Govt. of directives under PSBs Reform Agenda, the Bank has initiated various steps to leverage its strengths for focusing on its core business and as a part of its said initiatives, the Bank proposes to sell its non-core assets including divestments of its stake in Joint ventures, associates, selling some of the immovable properties owned by the Bank.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 20:16 IST