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Allahabad bank cuts lending rates; revises deposit rates

Allahabad bank cuts lending rates; revises deposit rates

Apnaloan.com Research Bureau

06 Feb 2008

Allahabad Bank has reduced the retail lending rates on consumer durables loans as well as car loans by 100 basis points.

The bank has also reduced rates on deposits between 2-10 years by 25 basis points while the rates on deposits between 61-180 days have been raised by 75-100 basis points.