Allahabad Bank has informed BSE that the Govt. of India on recommendation of Reserve Bank of India has issued a Notification dated November 10, 2009, increasing the Authorized Capital of the Nationalized Banks from existing Rs. 1500 crore to Rs. 3000 crore.

Accordingly, The Board of directors of the Bank in its meeting held on December 29, 2009 has taken note of the above and passed a resolution, increasing the Authorized Capital of the Bank from existing Rs. 1500 crore to Rs. 3000 crore.