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Allahabad Bank Slashes Lending Rates By 45 Basis Points. Details Here
02 Apr 2018, 07:08 AM IST
Allahabad Bank reduces base rate and lending benchmark prime lending rate (BPLR) of bank with effect from April 2, 2018. The state-run lender has decided to reduce the base rate and BPLR of the bank by 45 basis points. Currently the base rate is 9.6%, while the revised rate is 9.15%, lower by 45 basis points. At the same time, the BPLR is 13.85% that will reduce by 45 basis points to 13.40%. "The asset liability management committee of the bank has decided to reduce base rate and BPLR of the bank by 45 basis points," the bank said in a stock market filing.
The revised rates are effective from April 2, 2018, the market filing further added.
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