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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.
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.
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
Former managing director and chief executive officer, Allahabad Bank and was dismissed from services by Government of India after her name appeared in the Punjab National bank scam Usha Ananthasubramanian is the former managing director and chief executive officer of the Allahabad Bank , [ 1 ]
The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India, it was not the first though. That honour belongs to the Bank of Upper India, which was established in 1863 and survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla.
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Amalgamation of Gramin Bank of Aryavart and Allahabad UP Gramin Bank in Aryavart Bank on 1 April 2019. Amalgamation of Prathama Bank and Sarva UP Gramin Bank in Prathama UP Gramin Bank on 1 April 2019. Amalgamation of Purvanchal Bank, Kashi Gomti Samyut Gramin Bank and Baroda UP Gramin Bank in Baroda UP Bank on 1 April 2020. [6]
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