Allahabad Bank Merges its subsidiary AllBank Finance with Itself

Allahabad Bank Merges its subsidiary AllBank Finance with Itself Public sector Allahabad Bank has merged its wholly owned subsidiary AllBank Finance (ABFL) with itself on December 23, 2016. The merger was finalized at the Board of Directors meeting who gave the in-principle approval for merger of loss making AllBank Finance with the bank.  AllBank Finance is the merchant banking arm of