Allahabad Bank lowers external benchmark-linked loan pricing

💻Jk News info 📰

NEW DELHI, Feb 29: State-owned Allahabad Bank on Saturday announced a cut of up to 40 basis points in interest rate on external benchmark-linked products.
“…The Asset Liability Management Committee (ALCO) of the Bank has decided to revise interest rates for the products linked to External Benchmark with effect from 1st March 2020,” the bank said in a regulatory filing.
While the RBI’s repo rate remains unchanged at 5.15 per cent, the three-month MIBOR (Average) has reduced to 5.75 per cent from 6.15 per cent.
MIBOR refers to the Mumbai Interbank Offered Rate. (PTI)

The post Allahabad Bank lowers external benchmark-linked loan pricing appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J&K.



News posted by jknewsinfo Click Here Download JK News info Android app from play store

Comments

Post a Comment

Popular posts from this blog

Full list of ministers in the Narendra Modi Cabinet of 2019

Image
💻Jk News info 📰 BJP leader Narendra Modi on Thursday was sworn in as Prime Minister for the second time.  Fifty seven Ministers took oath with him. By winning 303 seats, the Bharatiya Janata Party got the decisive mandate to rule the country for the next five years. Even though the party has the required numbers to form the government on its own, it has decided to accommodate its allies in the Ministries. Here is the full list of those who took oath today: Cabinet Ministers Union Minister of State, Independent Charge Ministers of State Rajnath Singh Santosh K Gangwar Faggansingh Kulaste Amit Shah Rao Indrajit Singh Ashwini Kumar Choubey Nitin Gadkari Shripad Y Naik Arjun Ram Meghwal DV Sadanand Gowda Dr. Jitendra Singh General (Retd.) V. K. Singh Nirmala Sitharaman Kiren Rijiju Krishan Pal Ram Vilas Paswan Prahalad Singh Patel Danve Raosaheb Dadarao Narendra Singh Tomar Raj Kumar Singh G. Kishan Reddy Ravi Shankar Prasad Hardee...
Read more

6 Factors Which Should Affect Your Decision of Buying a Term Plan Online

💻Jk News info 📰 What gives meaning and purpose to life is the presence of loved ones. Moreover, therefore, everything becomes secondary to you in front of your family’s happiness and security. You make sure that they never have to compromise on their wishes and dreams, by working hard at your end and making sure things fall in place for every member. However, life’s uncertainties present many unforeseen challenges. That is why you worry about your family’s security in your absence and consider to buy a term insurance plan. To purchase a term plan is a great decision, because it promises to support your family financially, by providing a sum assured upon your death in the form of the death benefit. While the decision to buy this plan is a wise one, but many of you often lack proper knowledge aboutwhich all factors to consider before making the purchase. So, let us tell you six crucial factors which you should consider before buying any plan. Claim Settlement Ratio of Insurer The...
Read more

DySP arrest case: NIA Conducts Searches in Baramulla, Srinagar

KNO reports from Indian occupied Kashmir Srinagar, Sep 22:  The National Investigation Agency (NIA) Tuesday conducted searches at multiple locations in Baramulla-Uri and one location in Srinagar in connection with the Hizbul Mujahideen militant Naveed Babu case and Cross-border Trade case. In a statement issued here to news agency—Kashmir News Observer (KNO), that in the Hizbul Mujahideen militant Naveed Babu case, houses of close associates of accused Tariq Mir r/o Maldera, Shopian, who was arrested by NIA on April 29 this year for his role in smuggling and supply of weapons to HM militants, were searched—Azad Ahmad Pir r/o Dardkote, Uri,  Haleema Begum r/o Boniyar, Baramulla, Shaheen Lone r/o Kanspora, Baramulla, working as an Inspector in Power Development Department and His father-  in-law’s house at Waza Mohalla, Palhalan, Baramulla, was also searched—Shareen Bibi w/o accused Tariq Mir r/o Chinad, Baramulla. “Tafazul Parimoo r/o Rehmatabad, Hyderpora, Budgam,” the ...
Read more