Important Notes

Head Office

Address : Allahabad Bank, 2, N. S. Road, Kolkata -700 001

EPABX Numbers : 033 2242 0851 / 2242 3373 2242 0863/ 2242 0915 2242 0869/ 2210 3777 2242 0900 / 2242 0883 2242 0912

Overview

The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries - Nineteenth, Twentieth and Twenty-First.

Nineteenth Century

April 24, 1865's : The Bank was founded at the confluence city of Allahabad by a group of Europeans.

Twentieth Century

1920's : The Bank became a part of P & O Banking Corporation's group with a bid price of Rs..436 per share.

1923 : The Head Office of the Bank shifted to Calcutta on Business considerations.

July 19, 1969 : Nationalized along with 13 other banks, Branches - 151 Deposits - Rs.119 crores, Advances - Rs.82 crores.

October 1989 : United Industrial Bank Ltd. merged with Allahabad Bank.

1991 : Instituted AllBank Finance Ltd., a wholly owned subsidiary for Merchant Banking.

Twenty-First Century

October, 2002 : The Bank came out with Initial Public Offer (IPO), of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16%.

April, 2005 : Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%.

June, 2006 : The Bank Transcended beyond the National Boundary, opening Representative Office at Shenzen, China.

Oct, 2006 : Rolled out first Branch under CBS.

February, 2007 : The Bank opened its first overseas branch at Hong Kong.

March, 2007 : Bank's business crossed Rs.1,00,000 crores mark.

March, 2010 : Bank crosses Business figure of Rs.1,75,000/- crore with a growth rate of 23.06%

March, 2011 : Bank has implemented CBS in all its Branches

March, 2012 : Bank crosses its net work of 2500 branches.

March, 2013 : Bank crosses bench mark business figure Rs.3,00,000/- crore and enters in &"Orbit of Large Banks&"

April 2014 : Bank celebrates 150 years of foundation.

Vision

To put the Bank on a higher growth path by building a Strong Customer-base through Talent Management, induction of State-of-the-art Technology and through Structural Re-organization.

Mission

To ensure anywhere and any time banking for the customer with latest state-of-the-art technology and by developing effective customer centric relationship and to emerge as a world-class service provider through efficient utilization of Human Resources and product innovation.