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Thursday, November 13, 2014

Allahabad Bank to raise 500 cr through private placement

Kolkata-based lender Allahabad Bank is looking to raise Basel-III compliant tier-II bonds aggregating upto Rs. 500 crore through private placement.

According to a notification to the bourses, the lender will raise the amount in one or more tranche during the current fiscal (FY-15).

Source : The Hindu


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