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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.
2020: - April 1, 2022, Indian Bank and Allahabad Bank merged. The oldest Joints Stock Bank in the country, Allahabad Bank, was founded on April 24 18,5 by a group of Europeans at Allahabad, at a juncture when organized industries, trade and banking were taking shape in India. Thus, the history of the bank now spreads over three centuries.
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
Indian Overseas Bank ( IOB) is an Indian public sector bank based in Chennai. It has about 3,220 domestic branches, 2 DBUs ( Digital Banking Unit) about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specialising in foreign exchange business and overseas banking ...
Step 2: Gather your personal documentation. An online bank account application will ask for personal information to verify your identity and secure your account. The application process can be ...
Alma mater. Osmania University. Rakesh Sethi ( Hindi: राकेश सेठी) is the former Chairman and Managing Director of Allahabad Bank. Prior to this, Sethi was an executive director at Punjab National Bank. [3] He joined Allahabad Bank in March, 2014 and will serve until 2017. [4] [1] He was preceded by Shubalakshmi Panse.
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