Allahabad Bank Company Information
Allahabad Bank
Company History
The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries - Nineteenth, Twentieth and Twenty-First.Nineteenth Century
- April 24, 1865 The Bank was founded at the confluence city of Allahabad by a group of Europeans.
- 1890’s By the end of the Century, the Bank had its Branches at Jhansi, Kanpur, Lucknow, Bareilly, Nainital, Calcutta & Delhi.
Twentieth Century
- 1920’s The Bank became a part of P & O Banking Corporation’s group with a bid price of Rs.436 per share,
- 1923 The Head Office of the Bank shifted to Calcutta on Business considerations.
- July 19, 1969 Nationalized along with 13 other banks, Branches - 151 Deposits - Rs.119 crores, Advances - Rs.82 crores.
- October, 1989 United Industrial Bank Ltd. merged with Allahabad Bank.
- 1991 Instituted AllBank Finance Ltd., a wholly owned subsidiary for Merchant Banking.
Twenty-First Century
- October, 2002 The Bank came out with Initial Public Offer (IPO), of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16%.
- April, 2005 Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%.
- June, 2006 The Bank Transcended beyond the National Boundary, opening Representative Office at Shenzen, China.
- Oct, 2006 Rolled out first Branch under CBS.
- February, 2007 The Bank opened its first overseas branch at Hong Kong.
- March 2007 Bank’s business crossed Rs.1,00,000 crores mark.
Company Background
Industry Name : Finance - Banks - Public Sector
House Name : Public Sector
Year Of Incorporation 1865
Regd. Office
Address : 2 Nethaji Subhas Road, N.A.
District : Kolkata
State : West Bengal
Pin Code : 700001
Tel. No. : 033-22423373,033-22420883
Fax No. : 033-22104048,033-22424048
Email : albhogmhrd@vsnl.net / albhohrd@cal.vsnl.net
Internet : http://www.allahabadbank.com
Auditors : Rasool Singhal & Co.
Registrars
Name : M C S Limited
Address : Sri Venkatesh Bhawan, No. W-40, New Delhi - 110020, Delhi
Tel. No. : 41404149
Fax No. : 41709881
Email : mcsdel@vsnl.com
BSE: 532480
NSE: ALBK
List Of Directors
1 A C Mahajan Chairman and Managing director
2 V Gurumurthy Director
3 D K Kapila Director
4 Ram Niwas Jain Director
5 Mahesh Bhatt Director
6 Ashok Jain Director
7 K P Krishnan Director
8 Mohammad Tahir Director
9 Subodh Kumar Goel Executive Director
10 K K Agarwal Executive Director
11 J P Dua Executive Director
12 K K Dogra Director
Location Details
Laboratory
Navin House, 2nd Floor, Opp, Sardar Patel Samaj Ha
Ahmedabad - Gujarat - India
Head Office
2 Nethaji Subhas Road
Kolkata - 700001
West Bengal - India
Phone : 22423373, 22420883
Fax : 22104048, 22424048
Email : albhogmhrd@vsnl.net / albhohrd@cal.vsnl.net
Laboratory
Navin House, 2nd Floor, Opp, Sardar Patel Samaj Ha
Ahmedabad - Gujarat - India
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