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Allahabad Bank. 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.
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.
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,187 employees, 5,847 branches with 4,937 ATMs and Cash deposit machines. Total business of the bank has touched ₹1,221,773 crore (US$150 billion) as of March 31,2024. The bank's information systems and ...
Allahabad UP Gramin Bank is a regional rural bank (RRB) in Prayagraj, Uttar Pradesh, India. The bank was established in 2010 with the amalgamation of the erstwhile Lucknow Kshetriya Gramin Bank and Sitapur and Triveni Kshetriya Gramin Bank, Orai. It is sponsored by Allahabad Bank. It was created under Gazette Notification of 2 March 2010 issued ...
The oldest bank in India is The Madras Bank (1843), followed by the Bank of Bengal, founded in 1806, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded.
In 1927 the bank acquired P&O Bank, which had offices in Colombo, Shanghai, Hong Kong, Singapore, and Guangzhou (Canton). P&O Bank also owned Allahabad Bank. The operations of P&O Bank were merged with Chartered Bank. But Allahabad Bank continued to be run as a separate entity. The bank was greatly affected by the Second World War.
The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India. [5] On 15 April 1980, Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisation (the first wave had ...
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