Allahabad Bank – Important Points

  • Allahabad Bank  started operation in 1865.
  • The head-quarters of Allahabad Bank  is in in Kolkata.
  • Allahabad Bank has a network of 2500 branches across the country.
  • Chairman and Managing Director of the bank is Shri J. P. Dua.
  • In 24 April 1865 A group of Europeans at Allahabad founded Allahabad Bank.
  • In 19 July 1969 The Indian Government nationalized Allahabad Bank, together with 13 other banks.
  • In October 1989 Allahabad Bank acquired United Industrial Bank which was established in 1940.
  • Allahabad Bank established AllBank Finance Ltd in 1991. It is a wholly owned Merchant Banking subsidiary.
  • In October 2002 Allahabad Bank came out with an Initial Public Offering (IPO) that reduce government holding in this bank to 77.16%.
  • In June 2006 Allahabad Bank opened its first office outside India when it opened a representative office in Shenzen, China.
  • In February 2007 Allahabad Bank opened its first overseas branch, in Hong Kong.

One thought on “Allahabad Bank – Important Points

  1. from 3 oct 2012,shubhlaxmi panse is the M D and Chairman

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