Allahabad Bank Revises Base Rate, Benchmark Prime Lending Rate (BPLR) and interest rate on retail term deposit

Allahabad Bank has announced revision in Base Rate, Benchmark Prime Lending Rate (BPLR) and interest rate on retail term deposit having maturity period of one year to less than three years.

The Base Rate and Benchmark Prime Lending Rate (BPLR) has been revised upward by 5 basis points, effective from March 4, 2014. Accordingly the base rate and BPLR of the bank will be 10.25% and 14.50% respectively with effect from March 4, 2014.

The bank has also decided to revise the interest rate upward on domestic retail term deposit having maturity period of one year to less thatn 3 years by 5 basis points. Accordingly the new interest rate on the said term deposit will be 9.05% effective from March 4, 2014.

Shares of ALLAHABAD BANK was last trading in BSE at Rs.74.95 as compared to the previous close of Rs. 75.2. The total number of shares traded during the day was 253122 in over 2592 trades.

The stock hit an intraday high of Rs. 77.05 and intraday low of 74.5. The net turnover during the day was Rs. 19124106.

Source : Equity Bulls

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