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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.
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Company History - Allahabad Bank YEAR EVENTS 1865 - Allahabad Bank was set up on 24th April, at Allahabad by a Group of Europeans with subscribed capital of Rs.3 lakh.
Oct 19, 2009 · 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.
Apr 4, 2024 · 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 sti.
- 03.20%
- 64.80%
- 16.60%
- 08.80%
Nov 6, 2014 · This bank, the oldest joint stock bank of the country, was founded in 1865 at Allahabad by a group of British pensioners. In 1920, the bank became a part of P & O Banking Corporation. In 1923, the bank shifted its headquarters and registered office to Kolkata (then Calcutta) for operational convenience.
Allahabad Bank, a name synonymous with trust and heritage in the Indian banking sector, has experienced a rich history that spans over 155 years. Founded on 24 April 1865 in the city of Allahabad by a group of Europeans, the bank has played a pivotal role in the financial development of India.
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Jul 23, 2014 · Allahabad Bank was founded in 1865 in the confluence city of Allahabad by a group of Europeans. In the 1920s, the Bank became a part of P & O Banking Corporation’s group. In 1969, the Bank was nationalized by the government of India along with 13 other banks.
