Allahabad Bank - Notes | Study SBI PO Prelims - Documents, Videos & Tests - Banking Exams

Introduction

• Allahabad Bank is the oldest joint stock bank in India. 
• On 24 April 2014, the bank entered into its 150th year of establishment.
• The bank has a branch in Hong Kong and a representative office in Shenzhen.

• On 24 April 1865, a group of Europeans at Allahabad founded Allahabad Bank.
• At the end of 19th century, it had branches at Jhansi, Kanpur, Lucknow, Bareilly, Nainital, Calcutta and Delhi.
• In 1920, P & O Banking Corporation acquired Allahabad Bank.
• In 1923 the bank moved its head office and the registered office to Calcutta.
• Then in 1927 Chartered Bank of India, Australia and China acquired P&O Bank. However, Chartered Bank continued to operate Allahabad Bank as a separate Bank.
• On 19 July 1969, the Indian Government nationalised Allahabad Bank.
• In October 1989, Allahabad Bank acquired United Industrial Bank
  • Tagline: A Tradition Of Trust
  • Headquarter: Kolkata
  • MD & Chairman: Rakesh Sethi
  • Founded On: 24th April,1865 in Allahabad
  • Logo of Allahabad Bank: