The Allahabad Bank, increased its benchmark prime lending rates (BPLR) by 50 basis point to 13.50 per cent with effect from July 1, 2008.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The bank in a statement said that the increase in BPLR has been necessitated in view of the increase in CRR requirement and overall economic scenario.</P>
</p><p class='TableClas'>The bank has also decided to increase simultaneously the term deposit interest in various maturities. Maximum term deposit interest rate will now be 9.50 per cent per annum in the time bucket of 1 year to less than 3 years.</P>
</p><p class='TableClas'>For senior citizens, the rate of interest for the same period would be 10 per cent per annum.<BR></P></p><p class='TableClas'></p></table>


Allahabad Bank increases lending rates by 50bps

More From This Section

Rating outlook for Mumbai Airport revised to stable

Biggest fall for Re in 3 weeks; may rise from current levels

RBI forecasters cut growth projection for FY13 to 5.5%

ICICI, Axis Bank raise deposit rate ahead of RBI policy

Explore News