Allahabad Bank


The Bank was founded at the confluence city of Allahabad by a group of Europeans.The Bank became a part of P & O Banking Corporation’s group with a bid price of Rs..436 per share,The Head Office of the Bank shifted to Calcutta on Business considerations.Nationalized along with 13 other banks, Branches – 151 Deposits – Rs.119 crores, Advances – Rs.82 crores.United Industrial Bank Ltd. merged with Allahabad Bank.Instituted AllBank Finance Ltd., a wholly owned subsidiary for Merchant Banking.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%.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%.The Bank Transcended beyond the National Boundary, opening Representative Office at Shenzen, China.Rolled out first Branch under CBS.The Bank opened its first overseas branch at Hong Kong.Bank’s business crossed Rs.1,00,000 crores mark.Bank crosses Business figure of Rs.1,75,000/- crore with a growth rate of 23.06%Bank has implemented CBS in all its BranchesBank crosses its net work of 2500 branches.Bank crosses bench mark business figure Rs.3,00,000/- crore and enters in “Orbit of Large Banks”Bank celebrates 150 years of foundation.

Bank Name Allahabad Bank
Stock Exchange NSE
Symbol ALBK
Sector Financial Services
Industry Banks – Regional – Asia
Country India
World Region Asia
Chairman
CEO Ms. Usha Ananthasubramanian
Employees 23944
Website www.allahabadbank.in
Registered Year 1865

 

Currency in INR        
  2018 2017 2016 2015
  ₹ cr ₹ cr ₹ cr ₹ cr
Revenue        
Total interest income 18.21 18.22 17.8 16.51
Total Interest Expenses 11.64 12.5 12.31 11.83
Net Interest income 6.57 5.72 5.48 4.68
Total Net Revenue 9.67 8.81 7.6 6.96
         
Earnings per share        
Basic 0 0 0 0
Diluted 0 0 0 0
         
Assets        
Total current assets 21.02 21.79 13.05 10.99
Other assets 155.67 140.69 132.2 127.54
Total assets 246.11 226.42 202.69 187.67
Total current liabilities 209.3 197.96 175.5 156.05
Total liabilities 235.17 214.99 191.66 177.58
Total Equity 10.94 11.43 11.03 10.09
         
Net income        
Net cash provided by operating activities 10.67 7.8 3.04 3.52
Net cash used for investment activities 0.16 0.27 0.24 0.22
Net cash provided by financing activities 1.7 6.14 1.33 0.48
         
         
Source: www.allahabadbank.in        
Currency in Rupees, All Numbers in Crores.        

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