Allahabad Bank Slashes MCLR Rates Upto 15 Bps

The company in its filing added that the revised rate will be effective from June 12, 2017.

The bank’s share traded down by 0.8% at Rs 69 per share company at 1125 hours on the NSE. It has delivered 29% returns in a period of one year and has underperformed the BSE Mid cap and BSE Bankex indices over the same time period.

Allahabad Bank is currently trading at Rs 69.05, down by Rs 0.9 or 1.29% from its previous closing of Rs 69.95 on the BSE.

The scrip opened at Rs 69.75 and has touched a high and low of Rs 69.8 and Rs 69 respectively. So far 1746007(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5202.11 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 92.5 on 12-May-2017 and a 52 week low of Rs 51.55 on 13-Jun-2016. Last one week high and low of the scrip stood at Rs 72.95 and Rs 69.25 respectively.

The promoters holding in the company stood at 65.92 % while Institutions and Non-Institutions held 22.57 % and 11.51 % respectively. The stock is currently trading below its 50 DMA.

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