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Board of Allahabad Bank approves raising Tier 2 capital up to Rs 1500 cr

Capital Market 

At meeting held on 07 December 2019

The Board of Allahabad Bank at its meeting held on 07 December 2019 has approved the raising of Tier 2 capital of the Bank by floating Basel III compliant Tier 2 Bonds aggregating upto Rs 1500 crore on one or more tranches during FY 2019-20.

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

First Published: Sat, December 07 2019. 16:57 IST
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