Allahabad Bank
Allahabad Bank was an Indian nationalised bank with its headquarters in Kolkata, India. 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 its merger.
| Company type | Public |
|---|---|
Traded as | BSE: 532480 NSE: ALBK |
| Industry | Banking, Financial services |
| Founded | 24 April 1865 |
| Defunct | 1 April 2020 |
| Fate | Merged with Indian Bank |
| Successor | Indian Bank |
| Headquarters | , India |
Number of locations | 3230 branches (2019) |
Area served | India |
Key people | Ch. S. S. Mallikarjuna Rao (MD & CEO) |
| Services |
|
| Revenue | ₹18,564.50 crore (US$2.3 billion) (2019) |
| ₹2,767.01 crore (US$350 million) (2019) | |
Net income | ₹−8,333.96 crore (US$−1.0 billion) (2019) |
| Total assets | ₹248,575.77 crore (US$31 billion) (2019) |
Number of employees | 23,210 (2019) |
| Footnotes / references | |
As of 31 March 2018, Allahabad Bank had over 3245 branches across India. The bank did a total business of ₹3.8 trillion during the FY 2017–18. The bank's market capitalisation in June 2018 was US$573 million and ranked #1,882 on the Forbes Global 2000 list.
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