Allahabad Bank has informed about Clarification on downward revision of Credit Rating by CRISIL for Bank’s outstanding Basel-III compliant Tier 2 Bonds. Basel-II compliant Perpetual Tier 1, Upper Tier 2 and Lower Tier 2 Bonds & proposed Basel-III compliant Additional Tier 1 Bonds.
The above information is a part of company’s filings submitted to BSE.