LIVE MINT Authorized capital of Allahabad Bank raised


  • State-owned Allahabad Bank said the government has increased its authorized capital by ₹5,000crore to ₹8,000 crore.
  • The central government increased the authorized capital of the bank from ₹3,000 to ₹8,000 through Gazette Notification.
  • The increase in authorized capital will help enable the bank to raise further fund up to a maximum ceiling of ₹8,000 crore.
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