Allahabad Bank, IOB, UCO to get ₹8,655 crore for preferential allotment
GOI has approved releasing ₹8655 Cr to 3 PSBs - Allahabad Bank (₹2153 Cr), Indian Overseas Bank (₹4630 Cr) and UCO Bank (₹2142 CR) for preferential allotment of shares. All these three banks are currently under the RBI’s PCA framework.
Did you Know
IOB CEO - Karnam Sekar.