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

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Introduction
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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.
History
  • 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:
      Allahabad Bank - Notes | Study SBI PO Prelims - Documents, Videos & Tests - Banking Exams
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