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Allahabad Bank board to consider AllBank Fin merger this week

Press Trust of India  |  New Delhi 

The board of state-owned will meet on Wednesday to consider a draft scheme of amalgamation of its wholly-owned subsidiary AllBank

AllBank (ABFL) is a leading merchant banker and has been holding licence for Debenture Trusteeship since February 2010.

"A meeting of Board of Directors is scheduled to be held on Wednesday, the 20th September, 2017, inter-alia, to consider Draft Scheme of amalgamation of... AllBank Ltd with the bank," the state-owned lender said in a regulatory filing.

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

First Published: Sat, September 16 2017. 19:57 IST