Allahabad Bank gains 7 percent


Bangalore: After having a successful trading throughout the day, Allahabad Bank ended the trading today on high note with a gain of 6.63 percent. Throughout the day, the company traded in the range of 143.00 - 153.95. In all 377612 shares were traded with current P/E ratio of 5.48. Allahabad Bank is a public sector bank in India. The company's products include deposit products, which include flexi-fix deposit, 5 Banking and Diamond Jubilee Deposit Scheme; retail credit products, which include Housing Loan, Education Loan, Saral Loan, Personal Loan for Pensioners, Personal Loan for Doctors, Allbank Rent Loan, Allbank Property Scheme, Allbank Furnishing Loan, Gold Loan Scheme, AllBank Mobike Scheme, AllBank Abhushan Scheme and AllBank Trade Scheme, and other credit products, including Kisan Credit Card, Kisan Shakti Yojana and AllBank-Expo. It's other services include All Ayushman Bima Yojana, Cash Management Services, Depository Services, real time gross settlement (RTGS), Charter for micro, small and medium enterprises (MSMEs), Government Business and Regional MSME Care Centres. As of March 31, 2009, Allahabad Bank had a total of 2,260 branches with 968 rural, 406 semi-urban, 464 urban, 421 metropolitan branches and one foreign branch. Other banks also ended the trading on high note with Bank of India, Union Bank of India, Lakshmi Vilas Bank and Dena Bank gaining 2.47, 0.88, 2.27 and 4.22 percent, respectively.