Allahabad Bank cuts lending rates by 45 bps to 9.15 pc

Allahabad Bank cuts lending rates by 45 bps to 9.15 pc

New Delhi, Mar 31 (PTI) Public sector lender Allahabad Bank has reduced the base rate and benchmark prime lending rate (BPLR) by 45 basis points each, a move that will lower EMIs for its borrowers. “The Asset Liability Management Committee (ALCO) of the bank has decided to reduce base rate and
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Allahabad Bank cuts lending rates by 45 bps

Public sector lender Allahabad Bank has reduced the base rate and benchmark prime lending rate (BPLR) by 45 basis points each, a move that will lower EMIs for its borrowers. “The Asset Liability Management Committee (ALCO) of the bank has decided to reduce base rate and BPLR by 45 basis
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Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. The stock increased 1.22% or $0.08 during the last trading session, reaching $6.63. About 1.10 million shares traded or 183.40% up
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Allahabad Bank cuts lending rates by 45 basis points

“The Asset Liability Management Committee (ALCO) of the bank has decided to reduce base rate and BPLR (benchmark prime lending rate) by 45 basis points,” the bank said in a regulatory filing on Saturday. Allahabad Bank has slashed base rate to 9.15% from 9.60%. BPLR has been brought down to
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