Allahabad Bank

About :: Allahabad Bank was a nationalised bank with its headquarters in Kolkata, India. Until its merger with the Indian Bank, it was the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment. The bank was founded in Allahabad in 1865. As of 31 March 2018, Allahabad Bank had over 3245 branches across India.[3] The bank did a total business of INR 3.8 trillion during the FY 2017–18. The bank's market capitalisation in June 2018 was US$573 million and it ranked #1,882 on the Forbes Global 2000 list.[5] On 30 August 2019, the Finance Minister Nirmala Sitharaman announced merger of Allahabad Bank with Indian Bank.

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Allahabad Bank

allahabad-bank

248,575.77 crore (US$35 billion)(2019)

Allahabad Bank was a nationalised bank with its headquarters in Kolkata, India. Until its merger with the Indian Bank, it was the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment. The bank was founded in Allahabad in 1865. As of 31 March 2018, Allahabad Bank had over 3245 branches across India.[3] The bank did a total business of INR 3.8 trillion during the FY 2017–18. The bank's market capitalisation in June 2018 was US$573 million and it ranked #1,882 on the Forbes Global 2000 list.[5] On 30 August 2019, the Finance Minister Nirmala Sitharaman announced merger of Allahabad Bank with Indian Bank.

24 April 1865; 155 years ago

Finance and insurance, Consumer banking ,Corporate banking

allahabadbank.in

bank/allahabad-bank-featured.jpg

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2020-11-05 08:41:34

dre10_allahabad

Public sector undertaking

2,3,6

Banking, Financial services

Chennai, Tamilnadu, India

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