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Economy

Government to infuse Rs 3,054 crore in Allahabad Bank

Updated : November 09, 2018 06:41 AM IST

The lender's capital adequacy ratio as per Basel-III stood at 6.88 percent by end of the first quarter of the current fiscal and the government owned a 71.81 percent stake in Allahabad Bank at the end of first quarter of FY19.
The bank reported a net loss of Rs 1,944.37 crore for the first quarter this fiscal against a net profit of Rs 28.84 crore during the same period last fiscal.
Government to infuse Rs 3,054 crore in Allahabad Bank
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