ALBK

Allahabad Bank has informed the Exchange that the Bank has decided to increase the interest rate ranging from 0.50% to 1.50% on various term deposit schemes with effect from January 10, 2011.

Allahabad Bank has informed the Exchange that the Business of the Bank has crossed Rs. Two lakh crore as on December 31, 2010.

Allahabad Bank has informed the Exchange that the Bank has decided to raise its BASE RATE from existing 8.50% to 9.00% and Benchmark Prime Lending Rate (BPLR) from existing 12.50% to 13.25% with effect from December 14, 2010.

Allahabad Bank has informed the Exchange that the Bank has decided to offer interest rate on domestic term deposits at 8.00% p.a.for 300 days with effect from December 01, 2010 on deposits below Rs.1crore.

Allahabad Bank has informed the Exchange that the Bank has decided to raise its BASE RATE from 8.00% to 8.50% w.e.f. October 01, 2010.

Allahabad Bank has informed the Exchange that the Bank has decided that the interest rate on domestic term deposit for the amount below Rs. 1.00 crore and having tenor of 500 days will be 7.50% p.a. with effect from September 27, 2010. The interest rate on other domestic term deposits will remain unchanged.

Allahabad Bank has informed the Exchange that the Bank has decided to increase its Benchmark Prime Lending Rate (BPLR) by 50 basis points i.e. from 12.00% to 12.50% w.e.f. August 16, 2010 while keeping its base rate intact at 8%.

Allahabad Bank has informed the Exchange that the Bank has decided to change the interest rate on term deposits.

Allahabad Bank has informed the Exchange that:"As per Reserve Bank of India, directives, the Bank has fixed the Base Rate at 8.00%. The Base Rate is applicable with effect from 01-07-2010. The Base Rate and the spread thereon will be reviewed by the Bank at least once in a quarter".

Allahabad Bank has informed the Exchange that "The Bank has duly redeemed its 7% Tier II Series III Bonds aggregating Rs.100.00 crore on maturity date i.e. 30-04-2010."

Allahabad Bank has informed the Exchange that "The Bank has successfully raised Rs.650 crore through private placement of Upper Tier II Bonds of Rs.500 crore and Innovative perpetual Tier I Bonds of Rs.150 crore".

Allahabad Bank has informed the Exchange that the Bank is planning to come out with Unsecured Non-convertible Subordinated Perpetual Tier I Bonds (Series II) amounting to Rs. 150.00 crore shortly, with a coupon rate of 9.08% p.a. for the first 10 years. The Bonds shall have a step up option which shall be exercised only once during the whole life of instrument, in conjunction with Call Option, after the lapse of 10 years from the date of issue. The step up shall be 50 bps.

Allahabad Bank has informed the Exchange that: "The Bank is planning to come out with Upper Tier II Bonds (Series II) amounting to Rs.500.00 crore shortly with a coupon rate 8.58% p.a for first 10 years and step up coupon rate of 9.08% p.a for last 5 years".

Allahabad Bank has informed the Exchange regarding issue of Subordinated Debt (Lower Tier II Bonds) (Series IX) of Allahabad Bank Bond issue aggregating to Rs.450.00 crore was opened by the Bank on July 28, 2009. As the issue was fully subscribed, the Bank has closed the issue on July 31, 2009. The salient features of the issue shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/AllahabadBank_Updates_31072009.zip target=NEW> For more details click here.</

Allahabad Bank has informed the Exchange that the Bank has decided to reduce the Benchmark Prime Lending Rate (BPLR) by 25 basis points i.e. from existing 12.25% to 12.00% with effect from July 01, 2009.

Allahabad Bank has informed the Exchange that "The Bank has decided to reduce its Benchmark Prime Lending Rate (BPLR) by 25 basis points i.e. from 12.50% to 12.25% w.e.f. 01-04-2009. Further, Bank has also realigned interest rate on term deposit for various maturity periods w.e.f. 01-04-2009".

Allahabad Bank has informed the Exchange that: "The Bank has decided to reduce its Benchmark Prime Lending Rate (BPLR) by 75 basis points i.e. from 13.25% to 12.50% w.e.f. 05-01-2009".

Allahabad Bank has informed the Exchange that: "Bank has decided to cut its Benchmark Prime Lending Rate (BPLR) by 75 basis points i.e. from the present rate of 14.00% to 13.25% w.e.f. 10-11-2008".

Allahabad Bank has informed the Exchange vide its letter dated October 03, 2008 that "On date Bank has entered in to corporate agency arrangement with Universal Sompo General Insurance Co. Ltd. for providing general insurance products to the customers of the Bank w.e.f. 1st November, 2008. It is worth mentioning here that the existing tie up with National Insurance Company Ltd for distribution of general insurance products through our branches would be terminated w.e.f. 31st October, 2008".

Allahabad Bank has informed the Exchange that Board of Directors of the Bank in its meeting dated August 08, 2008 has approved upward revision in BPLR (Benchmark Prime Lending Rate) from existing rate of 13.50% to 14% w.e.f. August 08, 2008. However, the above change in BPLR will not be passed on to the existing Housing Loan, Personal Loan, Education and Car / Auto Loan customers. Moreover, the above change in BPLR will also be not applicable to the new housing loans up to Rs. 30 lacs.

Allahabad Bank has informed the Exchange that : "Government of India, Ministry of Finance, Department of Financial Services vide notification no. F. No. 20/17/2006-BO.I dated 4th July, 2008 advised Shri K. K. Agarwal, Executive Director of the Bank to coordinate the day-to-day affairs of the Bank from 01-07-2008 i.e. the date from which Shri A.C Mahajan ceased to be a Chairman & Managing Director of the Bank until the date of new incumbent joins or until further orders, whichever is earlier. However, the financial and administrative powers of the CMD shall be exercised by the Board of Director