ENA Sectors 2019-05-13 10:17:38 <p><strong>New Delhi, May 13 (KNN)</strong> Allahabad Bank Monday announced reduction in benchmark lending rate by 0.05 percentage points across various tenors.</p> <p>Most of the loans including housing loans are benchmarked against MCLR for one year.</p> <p>The marginal cost of funds-based lending rate (MCLR) for one-year loan has been reduced to 8.60 per cent from 8.65 per cent effective May 14, Allahabad Bank said in a BSE filing.</p> <p><iframe frameborder="0" height="540" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 22654 https://knnindia.co.in/news/newsdetails/sectors/allahabad-bank-cuts-lending-rate-by-5-bps 2019-05-13 10:17:38 knnindia.co.in