Allahabad Bank

Allahabad Bank
Company typePublic
BSE: 532480
NSE: ALBK
IndustryBanking, Financial services
Founded24 April 1865; 159 years ago (1865-04-24)
Defunct1 April 2020; 4 years ago (2020-04-01)
FateMerged with Indian Bank
SuccessorIndian Bank
Headquarters,
India
Number of locations
3230 branches (2019)
Area served
India
Key people
Ch. S. S. Mallikarjuna Rao
(MD & CEO)
Services
RevenueDecrease 18,564.50 crore (US$2.2 billion) (2019)
Decrease 2,767.01 crore (US$330 million) (2019)
Decrease −8,333.96 crore (US$−1,000 million)[verification needed] (2019)
Total assetsDecrease 248,575.77 crore (US$30 billion) (2019)
Number of employees
23,210 (2019)
Footnotes / references
[1]

Allahabad Bank was an Indian nationalised bank with its headquarters in Kolkata, India.[2] Founded in Allahabad in 1865 and nationalized by the government of India in 1969, the bank provided banking and financial services for 155 years until it was merged with Indian Bank in 2020. It was the oldest still running joint stock bank in India until its merger.[citation needed]

As of 31 March 2018, Allahabad Bank had over 3245 branches across India.[3] The bank did a total business of 3.8 trillion during the FY 2017–18.[4] The bank's market capitalisation in June 2018 was US$573 million and ranked #1,882 on the Forbes Global 2000 list.[5]

  1. ^ "Balance Sheet 31.03.2019" Archived 12 June 2018 at the Wayback Machine (PDF)
  2. ^ "Allahabad Bank head office IFSC Code, MICR Code, Branch Code and Full Address". The Financial Express. Archived from the original on 19 November 2020. Retrieved 19 November 2020.
  3. ^ "Welcome to the website of Allahabad Bank" (PDF). Archived from the original (PDF) on 12 June 2018. Retrieved 8 June 2018.
  4. ^ "Annual Report 2017-18" (PDF). Allahabad Bank. Archived from the original (PDF) on 12 June 2018. Retrieved 11 May 2018.
  5. ^ "Allahabad Bank on the Forbes Global 2000 List". Forbes. 31 May 2016. Retrieved 11 May 2018.