Monday, 1 January 2018

Sensex, Nifty Continue To Trade Flat Amid Tepid Volumes; Midcaps Maintain Uptrend

Shares of Allahabad Bank were up almost 5 percent intraday on Monday as the bank raised Rs 500 crore.

In a notification to the exchanges, the bank said that it raised the money through private placement of Additional Tier 1 perpetual bonds.

The fund raising has been done in a bid to comply with global banking standards under Basel – III norms.

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