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Allahabad Bank receives Rs 418 crore from Govt. of India

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Capital Market

Towards capital infusion for FY 2017

Allahabad Bank has remitted Rs 418 crore toward contribution of Central Government in the preferential allotment of equity shares of Bank. The amount will remain in share application money till compliance of certain terms.

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First Published: Apr 01 2017 | 10:43 AM IST

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