Allahabad Bank hikes prime lending rate

August 8th, 2008 - 3:52 pm ICT by IANS  

New Delhi, Aug 8 (IANS) Allahabad Bank Friday announced a hike in its benchmark prime lending rate from 13.5 percent to 14 percent, with immediate effect. In a regulatory statement, the bank said the hike will not be applicable to customers who have already taken housing, personal, education and car loans.

This will also not be applicable to new housing loans up to Rs.3 million.

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