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.

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.

2019年8月30日 · Finance Minister Nirmala Sitharaman today announced that Allahabad Bank will be merged with Indian Bank to form India's seventh-largest public sector bank, as part of a mega consolidation...

The lender amalgamated with Allahabad Bank with effect from April 1, 2020. Here are the new rules that existing/new customers should be aware of after the merger: 1. For IFSC codes

2021年2月11日 · Allahabad Bank, one of the oldest public sector banks in India, will soon become history as it will be merged with Indian Bank on February 15. The merger process will begin from 9 PM on...

2021年8月4日 · On August 30, 2019, the Ministry of Finance of the Government of India (GoI) announced the consolidation of ten nationalized banks into four. As part of this move, Indian Bank and Allahabad Bank were to be merged into a single entity, and the new amalgamated bank had to start operations on April 1, 2020.

2020年3月18日 · The Board of Shareholders of Indian Bank communicated in a regulatory announcement that it has approved the Fair Share Exchange Ratio of Indian Bank and Allahabad Bank. As per the share swap ratio, 115 equity shares of Rs 10 each of Indian Bank have to be exchanged for every 1000 shares of Rs 10 each of 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.

2019年9月16日 · The board of Allahabad Bank on Monday approved the merger proposal with Indian Bank, making the amalgamated entity the seventh largest public sector lender of the country. Finance Minister...

Allahabad Bank is one of the premier nationalized banks in India. It is also the oldest joint stock bank of India. It was incorporated by a group of Europeans at Allahabad on April 24, 1865. It was the time Indian economy had started shifting towards organized trade and business affairs.