Kolkata: State-run Allahabad Bank is looking to raise around Rs 500-600 crore capital in the next fiscal through dilution in a stake of its joint venture insurance company and also by selling non-core assets, an official said on Friday. This comes close on the heels of it’s coming out from[Read More…]
Tag: Allahabad Bank
Jharkhand: Following no progress, bank to put Mega Food Park for auction
Mega Food Park in Getalsud, Ranchi is at the verge of getting shut and likely to be put up for auction, as banks have sought to take possession over Jharkhand Mega Food Park Pvt Ltd. Banks claimed that even after years of MFP’s inauguration, no unit could be opened or[Read More…]
Who let Nirav Modi flee India, asks Congress
New Delhi: The Congress on Thursday lashed out at Prime Minister Narendra Modi on the Rs 11,500 crore fraud in the PNB and asked him to come clean on the government’s “failure” to prevent the scam and identify those who helped the alleged kingpin, billionaire jeweller Nirav Modi, to flee the[Read More…]