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Allahabad Bank revises base rate to 8.5 percent

Kolkata, Sep 30 (Calcutta Tube) City-based Allahabad Bank has increased its base rate from 8 percent to 8.5 percent from Oct 1, 2010, a statement said here Thursday.

‘The decision of upward revision in base rate has been taken by the bank keeping in view the changes in the interest rate scenario. The revised base rate will be applicable to all loans, which are linked to the base rate,’ it said.

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