Shares of Allahabad Bank was down 2.6 percent intraday Friday as Bank proposes to sell its non-core assets.

In compliance with the Government of India directives under PSBs Reform Agenda, bank has initiated various steps to leverage its strengths for focusing on its core business.

As a part of its said initiatives, the bank proposes to sell its non-core assets including divestments of its stake in joint ventures, associates, selling some of the immovable properties owned by the bank.

At 10:26 hrs Allahabad Bank was quoting at Rs 41.05, down Rs 0.90, or 2.15 percent.

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