ALLAHABAD BANK - Cut in Base Rate and Benchmark Prime Lending Rate (BPLR) of the Bank

Allahabad Bank has informed BSE that the Bank has decided to cut its BASE RATE and Benchmark Prime Lending Rate (BPLR) by 30 basis point, effective from June 08, 2015. Consequently, the BASE RATE will be reduced to 9.95% from existing 10.25% and BPLR of the Bank will be reduced to 14.20% from existing 14.50% with effect from June 08, 2015.