Allahbad Bank

Topics: Bank, Cheque, Banking Pages: 44 (15884 words) Published: August 7, 2013

About Allahabad Bank

Allahabad Bank is one of the premier nationalized banks in India. It is also the oldest joint stock bank of India. It was incorporated by a group of Europeans at Allahabad on April 24, 1865. It was the time Indian economy had started shifting towards organized trade and business affairs. After some years in 1920, the P&O Bank brought Allahabad Bank and its headquarters at Kolkata. The Allahabad bank got an entirely new identity when it was nationalized in 1969 along with 13 other banks in India. Since then the Allahabad Bank had a smooth journey towards progress. Today it is one of the leading banks in India with a whooping business of over Rs.1, 00,000 crores. 

Allahabad Bank was founded by group of Europeans on April 24 1865. The Allahabad Bank has a history of 3 centuries. The Allahabad Bank is the oldest joint stock Bank in India. Due to business considerations the head office of Allahabad Bank was shifted to Calcutta (now Kolkatta) in 1923. In March 2007 the business of Allahabad bank has reached to a mark of 150000 crores. The Allahabad bank has main branches in Kanpur, Lucknow, Nanital, Kolkatta, Jabalpur, Meerut, Nagpur, Mumbai, and New Delhi. The Chairman and Managing Director of Allahabad Bank is Sri K.R. Kamath. Sri K.K. Agarwal and Sri J.P. Dua are the executive directors of Allahabad Bank. The Allahabad bank offers its services to self-employed persons, Professionals, salaries employees, businessman. The Allahabad bank offers three kinds of products Deposit products, Retail Credit Products and Other Credit Products. The Flexi-fix Deposit, Rs.5 Banking, Tax Benefit Term Deposit are some of the famous Deposit Products of the Allahabad Bank. Allahabad Bank Mumbai owned its first branch building in 1911 at the Fort and is a trusted name in banking and has a rich history of banking in the country. Allahabad bank in Mumbai, the commercial capital of the country, has 28 branches all over the city and its outskirts. It provides all kinds of modern banking facilities to its esteemed customers which include services to individuals, businesses, farmers as well as NRIs. It is the oldest commercial bank recognized by the Govt. of India. The Allahabad Bank also offers its services to NRI customers. It offers International Banking facility for its NRI customers. The deposit schemes, tax benefits schemes, remittance facility, forex services are offered by the Allahabad Bank. The NRI services are available in 312 branches of the Allahabad Bank all over the country. The script code of the Allahabad bank in NSE is NSE-ALBK. The script code of the Allahabad Bank in BSE is BSE-532480. The script Code of the Allahabad Bank in CSE is CSE-10011595. For branch locator, EMI calculator, Interest Rates and application forms you can log on toAllahabad Bank website.

Philosophy of the Bank
* The highest standards of ethical conduct and honest.
* Accurate, Fair, Full, Sensible and timely disclosures in reports. * Compliance with laws, regulations and rules.
By building a customer-base through talent management, sophisticated technology and structural re-organization the Allahabad Bank is foreseeing its growth rate at a higher level. Mission
Provide anytime and anywhere banking for the customers with high end technology and by strong customer centric relationships to emerge as a world class bank. To provide best services by utilizing human resources in innovative ways. Branches and Business

Allahabad has adopted CBS (Core Banking Service) since 2006 and has developed 24 hours connectivity with its 2165 branches across the length and breath of the country. In 143 years of it existence the bank has come a long way by developing a wide grip over all the corners of India. At present the Allahabad Bank has 44 Zonal Offices 6 Staff Training Colleges and 3 Staff Training centers for imparting training centers in India. 

Apart from general branches, the bank has also come up...
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