A man speaks on the mobile phone outside the head office of the Allahabad Bank in the BBD Bagh area in Kolkata (Photo: Sanjit Das/Bloomberg)

How Fund Raising, Capital Infusion Will Boost Allahabad Bank’s Capital Ratios

Allahabad Bank’s plan to raise equity capital worth Rs 4,000 crore and the nearly Rs 7,000-crore capital infusion by the government will improve its tier-I capital adequacy ratio by nearly half, ac...