Expect cabinet nod for all bank mergers will happen simultaneously, says Allahabad Bank’s SS Mallikarjuna Rao

After valuation we were thinking of diluting the stake. But in the meantime there were some developments. In February we got capital from the government and our bank came out of the RBI’s PCA framework.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mrHF4f