Allahabad Bank to Hire Consultant for Insurance JV Stake Sale

New Delhi: Allahabad Bank on Friday said its board has approved the appointment of consultant to advise on selling stake, partially or completely, in insurance joint venture firm Universal Sompo General Insurance (USGI). In a meeting on Friday, the Board of Directors of the bank approved the appointment of consultant for advising on partial/complete disinvestment of Allahabad Bank's stake in USGI, the public lender said in a regulat...