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Allahbad Bank

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Allahbad Bank
ALLAHABAD BANK

About Allahabad Bank

Allahabad Bank is one of the premier nationalized banks in India. It is also the oldest joint stock bank of India. It was incorporated by a group of Europeans at Allahabad on April 24, 1865. It was the time Indian economy had started shifting towards organized trade and business affairs. After some years in 1920, the P&O Bank brought Allahabad Bank and its headquarters at Kolkata. The Allahabad bank got an entirely new identity when it was nationalized in 1969 along with 13 other banks in India. Since then the Allahabad Bank had a smooth journey towards progress. Today it is one of the leading banks in India with a whooping business of over Rs.1, 00,000 crores.

Allahabad Bank was founded by group of Europeans on April 24 1865. The Allahabad Bank has a history of 3 centuries. The Allahabad Bank is the oldest joint stock Bank in India. Due to business considerations the head office of Allahabad Bank was shifted to Calcutta (now Kolkatta) in 1923. In March 2007 the business of Allahabad bank has reached to a mark of 150000 crores.
The Allahabad bank has main branches in Kanpur, Lucknow, Nanital, Kolkatta, Jabalpur, Meerut, Nagpur, Mumbai, and New Delhi. The Chairman and Managing Director of Allahabad Bank is Sri K.R. Kamath. Sri K.K. Agarwal and Sri J.P. Dua are the executive directors of Allahabad Bank.
The Allahabad bank offers its services to self-employed persons, Professionals, salaries employees, businessman. The Allahabad bank offers three kinds of products Deposit products, Retail Credit Products and Other Credit Products. The Flexi-fix Deposit, Rs.5 Banking, Tax Benefit Term Deposit are some of the famous Deposit Products of the Allahabad Bank.
Allahabad Bank Mumbai owned its first branch building in 1911 at the Fort and is a trusted name in banking and has a rich history of banking in the country. Allahabad bank in Mumbai, the commercial capital of the country, has 28 branches all over the city and its
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