The Centre will infuse Rs 3054 crore as capital into state-run Allahabad Bank.
According to a notification to the National Stock Exchange, the bank says that it has received a communication from Finance Ministry regarding a fresh capital infusion of Rs 3054 crore.
The infusion will be made through the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, the notification further said.