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

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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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First Published: Dec 07 2019 | 4:57 PM IST

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