Allahabad Bank is currently trading at Rs. 31.75, up by 0.05 points or 0.16% from its previous closing of Rs. 31.70 on the BSE.
The scrip opened at Rs. 31.75 and has touched a high and low of Rs. 31.80 and Rs. 31.65 respectively. So far 2501 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 58.80 on 11-Mar-2019 and a 52 week low of Rs. 30.00 on 23-Aug-2019.
Last one week high and low of the scrip stood at Rs. 33.85 and Rs. 31.40 respectively. The current market cap of the company is Rs. 11797.85 crore.
The promoters holding in the company stood at 92.01%, while Institutions and Non-Institutions held 4.63% and 3.36% respectively.
Allahabad Bank has launched Retail loans and loans to Micro & Small Enterprise linked with External Benchmark Rates published by Financial Benchmarks India (FBIL), as per the guidelines of Reserve Bank of India (RBI). Presently, the Bank has identified RBI’s Repo Rate and 3 month MIBOR as the Benchmark Rates.
Further, all the Saving Bank Deposits of Rs 40 lakh and above, Long tenure Fixed Deposit, Bulk Deposits and Flexi Fix Deposits will be linked with External Benchmark Rate i.e. RBI’s Repo Rate.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.