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25-Apr2012

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.

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