Following the Government of India, Ministry of Finance announcement regarding the proposed amalgamation of Allahabad Bank with Indian Bank, the Rating Agency namely India Ratings has placed Allahabad Bank Long Term Issuer Ratings of "IND AA-" on Rating Watch Evolving (RWE).
The rating of Rs. 1000 crore Basel III compliant Tier 2 Bonds Series III (ISIN-INE428A08051) has been assigned IND AA- / RWE.
Shares of ALLAHABAD BANK was last trading in BSE at Rs.33.15 as compared to the previous close of Rs. 33.3. The total number of shares traded during the day was 77233 in over 264 trades.
The stock hit an intraday high of Rs. 33.7 and intraday low of 32.85. The net turnover during the day was Rs. 2568933.