 "A security guard stands outside a bank branch that was closed during the bank employees' two-day nationwide strike to press for wage revision, in Allahabad on Wednesday, May 30, 2018.")
Public-sector lender Allahabad Bank on Thursday informed stock exchanges that it had received a communication from the finance ministry stating it was getting a capital infusion to the tune of Rs 30.54 billion.
"...the Bank has received a communication from the Government of India, Ministry of Finance, Department of Financial Services regarding fresh capital infusion of Rs 30.54 billion towards contribution of the central government in the preferential allotment of
equity shares (Special Securities/Bonds) of the bank during the financial year 2018-19, as the government's investment," Allahabad Bank said in a letter to the BSE.
It had been reported last week
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