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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.
Prior to joining Bhartiya Mahila Bank, Ananthasubramanian worked at Punjab National Bank. She served as MD of Punjab National Bank between August 2015 and May 2017. Prior to that, she served as CEO of Allahabad Bank. [5] Ananthasubramanian was ranked the 19th Most Powerful Woman in business by Fortune India [6] First women CHAIRMAN of IBA
2020: - 1 April 2022, Indian Bank and Allahabad Bank merged. The oldest Joints Stock Bank in the country, Allahabad Bank, was founded on April 24 1865 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.
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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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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 by the Indian Ministry of Finance under Sub-Section (1) of Section 23 A of the Regional ...
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India.