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  Business   Companies  16 Sep 2017  Allahabad Bank board to consider AllBank Fin merger this week   

Allahabad Bank board to consider AllBank Fin merger this week   

PTI
Published : Sep 16, 2017, 8:15 pm IST
Updated : Sep 16, 2017, 8:15 pm IST

AllBank Finance (ABFL) is a leading merchant banker and has been holding licence for Debenture Trusteeship since February 2010.

The board of state-owned Allahabad Bank will meet on Wednesday to consider a draft scheme of amalgamation of AllBank Finance.
 The board of state-owned Allahabad Bank will meet on Wednesday to consider a draft scheme of amalgamation of AllBank Finance.

New Delhi: The board of state-owned Allahabad Bank will meet on Wednesday to consider a draft scheme of amalgamation of its wholly-owned subsidiary AllBank Finance.

AllBank Finance (ABFL) is a leading merchant banker and has been holding licence for Debenture Trusteeship since February 2010.

"A meeting of Board of Directors is scheduled to be held on Wednesday, the 20th September, 2017, inter-alia, to consider Draft Scheme of amalgamation of... AllBank Finance Ltd with the bank," the state-owned lender said in a regulatory filing.

Tags: allahabad bank, allbank finance
Location: India, Maharashtra, Mumbai (Bombay)