|This article relies on references to primary sources. (October 2011)|
|Traded as||BSE: 532480,
|Industry||Banking, Financial services|
|Founded||1865 in Allahabad|
|Number of locations||2,500 branches (2012)|
|Revenue||16822 crore (US$2.6 billion) (2012)|
|Operating income||3770 crore (US$580 million) (2012)|
|Net income||1867 crore (US$290 million) (2012)|
|Total equity||500 crore (US$77 million) (2012)|
Allahabad Bank (Hindi: इलाहाबाद बैंक) which began operations in 1865, has its head-quarters in Kolkata is the oldest joint stock bank in India. The bank was founded in Allahabad in 1865 and as of 31 March 2012 now has over 2500 branches throughout India. The bank has a branch in Hong Kong and a representative office in Shenzen
In the early 20th century, with the start of Swadeshi movement, Allahabad Bank witnessed a spurt in deposits. In 1920, P & O Banking Corporation acquired Allahabad Bank with a bid price of 436 (US$6.70) per share. In 1923 the bank moved its head office and the registered office to Calcutta for reasons of both operational convenience and business opportunities. 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 entity.
On 19 July 1969, the Government nationalised Allahabad Bank, together with 13 other banks.
In October 1989, Allahabad Bank acquired United Industrial Bank, a Calcutta-based bank that had been established in 1940. Two years later, Allahabad Bank established AllBank Finance Ltd, a wholly owned Merchant Banking subsidiary.
The government's ownership of Allahabad Bank shrank in October 2002 after the bank engaged in an Initial Public Offering (IPO) of 10 crore (US$1.5 million) of shares, each with a face value 10. The IPO reduced the Government's shareholding to 71.16%. Then in April 2005 the bank conducted a second public offering of 10 crore of shares, each with a face value 10 and selling at a premium of 72. This offering reduced the Government's ownership to 55.23%.
In June 2006 the bank opened its first office outside India when it opened a representative office in Shenzen, Mainland China. In February 2007, Allahabad Bank opened its first overseas branch, in Hong Kong. In March, the bank's business crossed the 1 million crore mark.
- IFSC Code or MICR code of any branch of Allahabad bank in India
- Indian banking and supporter of state bank of India
- List of banks in India
- Chartered Bank of India, Australia and China
- Official web site
- All ALLAHABAD Bank Branches IFSC CODE and Branch Details
- Allahabad Bank ATM
- Allahabad Bank Detail
- Allahabad Bank on IndianBanks.org
- IFSC/MICR Code List – ALLAHABAD BANK (ALB) IFSC code, MICR code number, address list of all branches
- Allahabad Bank IFSC Codes
- Allahabad Bank Branch Location – Allahabad Bank IFSC code, MICR code , address list of all branches
- Allahabad Bank ATM Locations
- Allahabad Bank IFSC Code
- 'Swift Code of Allahabad Bank Branches