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 it's merger.[citation needed]
Allahabad Bank Allahabad Bank Logo.svg Type Public Traded as BSE: 532480 NSE: ALBK Industry Banking, Financial services Founded 24 April 1865; 157 years ago in Allahabad, North-Western Provinces, British India Defunct 1 April 2020; 2 years ago Fate Merged with Indian Bank Successor Indian Bank Headquarters Kolkata, India Number of locations 3230 branches (2019) Area served India Key people Ch. S. S. Mallikarjuna Rao (MD & CEO) Services Commercial bank Finance and insurance Retail banking Revenue Decrease ₹18,564.50 crore (US$2.4 billion) (2019) Operating income Decrease ₹2,767.01 crore (US$360 million) (2019) Net income Decrease ₹−8,333.96 crore (US$−1.1 billion)[verification needed] (2019) Total assets Decrease ₹248,575.77 crore (US$33 billion) (2019) Number of employees 23,210 (2019) Website allahabadbank.in Footnotes / references [1] 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.
Dr BIKRAM PRASAD2 years ago
I have applied for education loan of amount 2.88 lakhs in the year 2007. They charged heavy interest of 13.4 percent and never informed me regarding the various schemes government allows to waive off the interest. They bluffed me and regularly charged money around 8 lakhs than they did settlement with 1.1 lakhs this year.
They kill the career of students before the growth and maintenance. Students live life of mental torture and than sometime they attempt suicide.
Allahabad Bank
Allahabad Bank Logo.svg
Type
Public
Traded as
BSE: 532480
NSE: ALBK
Industry
Banking, Financial services
Founded
24 April 1865; 157 years ago in Allahabad, North-Western Provinces, British India
Defunct
1 April 2020; 2 years ago
Fate
Merged with Indian Bank
Successor
Indian Bank
Headquarters
Kolkata, India
Number of locations
3230 branches (2019)
Area served
India
Key people
Ch. S. S. Mallikarjuna Rao (MD & CEO)
Services
Commercial bank
Finance and insurance
Retail banking
Revenue
Decrease ₹18,564.50 crore (US$2.4 billion) (2019)
Operating income
Decrease ₹2,767.01 crore (US$360 million) (2019)
Net income
Decrease ₹−8,333.96 crore (US$−1.1 billion)[verification needed] (2019)
Total assets
Decrease ₹248,575.77 crore (US$33 billion) (2019)
Number of employees
23,210 (2019)
Website
allahabadbank.in
Footnotes / references
[1]
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.
They kill the career of students before the growth and maintenance. Students live life of mental torture and than sometime they attempt suicide.