In line with the RBI guidelines dated 04th September 2019, Allahabad Bank has decided to launch Retail loans and loans to Micro & Small Enterprise linked with External Benchmark Rates published by Financial Benchmarks India Pvt. Ltd. (FBIL). Presently, the Bank has identified RBI's Repo Rate and 03 (Three) month MIBOR as the Benchmark Rates.
Further, all the Saving Bank Deposits of Rs. 40.00 Lakh and above, Long tenure Fixed Deposit, Bulk Deposits and Flexi Fix Deposits will be linked with External Benchmark Rate i.e. RBI's Repo Rate.
All the aforesaid products of the Bank will be available for general public with effect from 01st October 2019.
Shares of ALLAHABAD BANK was last trading in BSE at Rs.31.6 as compared to the previous close of Rs. 32.45. The total number of shares traded during the day was 62045 in over 341 trades.
The stock hit an intraday high of Rs. 32.65 and intraday low of 31.4. The net turnover during the day was Rs. 1985033.