Home, auto loans to get cheaper from October.
However, given the merged banks are on similar technology platform, the integration should be smoother: Agarwal.
Apex bank says its financial resilience is top globally.
The toss is between reducing borrowing and funding stimulus.
The RBI was founded in 1935 and has been operating according to the Reserve Bank of India Act of 1934.
Centre’s bid to boost economy gets fillip.
Speaking at the press conference, Sitharaman said that banks would soon make home and car EMIs cheaper.
The bank had posted a net loss of Rs 2,410 crore in the year-ago period. The bank had reported a net loss of Rs 4,918.44 crore in March quarter.
At the interbank foreign exchange, the rupee opened at 71.15 against the dollar and touched a high of 71.02 and low of 71.40.
Allahabad Bank also cut the rate of interest on retail term deposits by 10 bps across all buckets in more than 1 year effective September 1.