ALLAHABAD BANK - Outcome of Board Meeting

Allahabad Bank has informed BSE that the Board of Directors of the Bank at its meeting held on December 22, 2014, inter alia, have discussed and approved in principle the raising of capital of the Bank through preferential/QIP issue in compliance with the applicable laws, rules and regulations, Govt. of India Guidelines and in such a manner that the equity shareholding of the Govt. of India shall not go below 52%.