Breaking News

You are here » Indian-Commodity  :  Corporate  :  Allahabad Bank To Launch 148 Ultra Small Branches


Allahabad Bank To Launch 148 Ultra Small Branches

State-run, Allahabad Bank is likely to introduce 148 ultra small branches across the country to provide banking services to the unbanked population. It is also planning to launch inter-bank mobile payment service, Rupay Card, pre-paid card and other e-products on the occasion of 148th Foundation Day celebration of the bank on April 24.

Recently bank has decided to revise its base rate and benchmark prime lending rate (BPLR) downward by 0.25% per annum. Accordingly the new base rate and BPLR of the bank will be 10.50% per annum and 14.75% per annum respectively with effect from May 01, 2012.

Related News

View all news

Canadian Crown Corporation selects Hinduja Global's arm to deploy technical support solution

Hinduja Global Solutions' subsidiary -- HGS Canada -- has been selected to deploy and manage a multi-channel customer care and technical support solution for a Canadian Crown Corporation, beginning in......

Inox Wind bags 100 MW order from OSTRO Energy

Inox Wind, India's leading wind energy solutions provider has bagged an order for a 100 MW wind power project at Lahori, in the state of Madhya Pradesh from Ostro Energy. The company will supply and install......

Government of India to infuse Rs 947 crore in Canara Bank

Government of India (GOI) has decided to infuse equity capital of Rs 947 crore in Canara Bank. The board of the bank at a meeting held on August 31, 2015 has approved the proposal of issuing equity shares......

Top News

View all news

HDFC Bank, ITC, Infosys and Syngene International to see some action

HDFC Bank, India's second largest private bank, cut its base rate by 35 basis points to 9.35%, from the existing 9.70 percent, thereby making loans from the bank cheaper. Earlier in June, the bank had......

RBI governor finally buzzes to the demand, hints at rate cut

Reserve Bank of India (RBI) Governor Raghuram Rajan finally hinting for a rate cut has said that inflation has come down to the comfort zone quicker than expected and he is keeping a watch on......

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......