Allahabad Bank

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Description


Allahabad Bank provides retail banking, corporate/wholesale banking, and treasury services in India and internationally. It accepts demand deposits, savings bank deposits, term deposits, and current accounts. The company’s loan products consist of housing loans, education loans, car loans, personal loans for pensioners and doctors/medical practitioners, rent loans, property loans, furnishing loans, gold loans, overdraft facilities, and reverse mortgage schemes. In addition, it provides cash management services, depository services, real time gross settlement, national electronic funds transfer, bancassurance, mutual fund services, international banking services, debit and credit cards, and inward money transfer services, as well as online payment and Internet banking services. Further, the company, through its subsidiary, AllBank Finance Limited, offers corporate advisory, project appraisal, issue management, loan syndication, and debenture and trusteeship underwriting services. As of September 30, 2012, it operated approximately 2,564 branches in India, and 1 overseas branch at Hong Kong. The company was founded in 1865 and is headquartered in Kolkata, India.

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