Allahabad Bank (BSE:532480) would be weighing the options of dilution of stake in Universal Sompo General Insurance Company Limited and sell off non-core assets like properties in places like Mumbai, MD and Chief Executive Officer of Allahabad Bank S S Mallikarjuna Rao told reporters. As per SEBI requirement, there was still headroom for the government to dilute stake in the bank, Rao said. He said that the bank was having 12 properties which were identified, adding that the bank was targeting to raise INR 2.5 billion to INR 3 billion by selling the non-core assets, like properties. On the whole, he said that the bank would be looking at raising INR 5 billion probably in the next fiscal by way of Universal Sompo stake dilution and sale of non-core assets.