Allahabad Bank to get 3,054 crore capital infusion from govt

Posted on:09 Nov 2018 11:26:26
Allahabad Bank to get 3,054 crore capital infusion from govt
09 November 2018 Current Affairs:

Allahabad Bank had posted a loss of ₹1,944 crore in the June quarter compared to a profit of ₹28.8 crore a year ago.

The bank received ₹1,790 crore as capital from the government in July this year.

Reserve Bank of India (RBI) had imposed additional restrictions on the bank under the Prompt Corrective Action (PCA) framework in May this year.

About Allahabad Bank:

♦ Headquarters: Kolkata

♦​​​​​​​ Founded: 24 April 1865

♦​​​​​​​ CFO: Sanjay Aggarwal

♦​​​​​​​ Slogan/ Tagline: A tradition of trust


Allahabad Bank had posted a loss of ₹1,944 crore in the June quarter compared to a profit of ₹28.8 crore a year ago.

The bank received ₹1,790 crore as capital from the government in July this year.

Reserve Bank of India (RBI) had imposed additional restrictions on the bank under the Prompt Corrective Action (PCA) framework in May this year.

About Allahabad Bank:

♦ Headquarters: Kolkata

♦​​​​​​​ Founded: 24 April 1865

♦​​​​​​​ CFO: Sanjay Aggarwal

♦​​​​​​​ Slogan/ Tagline: A tradition of trust


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