Industry: Banking
Allahabad Bank provides retail banking, corporate/wholesale banking, and treasury services primarily in India. The company accepts demand deposits, savings bank deposits, term deposits, and current accounts. Its loan products consist of housing loans, education loans, car loans, personal loans for pensioners and doctors, rent loans, property schemes, furnishing loans, gold loans, overdraft facilities, and reverse mortgage schemes.
In addition, the company provides cash management services, depository services, real time gross settlement, national electronic funds transfer, bancassurance, mutual fund services, international banking services, visa debit cum ATM cards, and credit cards, as well as Internet banking, SMS banking, and e-payment services. In addition, the company, through its subsidiary, AllBank Finance Ltd., offers issue management, project appraisal, loan syndication, corporate advisory, and underwriting services. As of March 31, 2009, the company operated 2,260 branches. Allahabad Bank was founded in 1865 and is headquartered in Kolkata, India.
