Allahabad Bank cuts base rate by 30 bps

Allahabad Bank plans to reduce its base rate and benchmark prime lending rate (BPLR) by 30 basis points effective February 18.

Post revision, the base rate would stand at 10.20 per cent (10.50 per cent) while BPLR will be 14.45 per cent (14.75 per cent), said a bank press statement.

shobha.roy@thehindu.co.in


Source: thehindubusinessline