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ALLAHABAD BANK CELEBRATES 148^th FOUNDATION DAY

Allahabad Bank, country’s oldest Joint Stock Bank, entered into its 148th year of existence when on 24^th April, 2012 the Bank celebrated its Foundation Day through various befitting functions throughout the country.

In a spectacular celebration on the 148^th Foundation Day held at Lalit Hotel in New Delhi, the 2525^th Branch of Allahabad Bank and 100^th Branch of New Delhi Zone was launched by Hon’ble Union Finance Minister Shri Pranab Mukherjee. Launching of 148 Ultra Small Branches  was announced by Hon’ble Minister of State, Government of India, Shri Namo Narayan Meena and Hon’ble Secretary, Dept. of Financial Services, Shri D K Mittal, IAS, launched IMPS (Inter Bank Mobile Payment Service), Rupay Card and Prepaid Card, new e-products of Allahabad Bank. In the function, ceremonial lamp was lit by Shri Pranab Mukherjee, Hon’ble Union Finance Minister, who in his address said that Allahabad Bank has a glorious tradition of being country’s oldest Bank with modern Technology and performing well in fulfilling the expectations of the Union Government, particularly in the field of implementation of poverty alleviation programmes including Financial Inclusion.  Shri Namo Narayan Meena, Hon’ble Minister of State, Union Government, said in his address that Allahabad Bank has shown marked improvement in all parameters and with the launching of Ultra Small Branches, Bank can now have access to the un-reached people for their upliftment. Shri D K Mittal, IAS, Hon’ble Secretary, Dept. of Financial Services expressed that with the introduction of IMPS (Inter Bank Mobile Payment Services) and other e-Products, Bank’s services will cover more people.

Speaking on the occasion, Shri J P Dua, the Chairman of Allahabad Bank recounted the glorious past of the Bank and described that with the progress of time the Bank adapted itself to the call of changing time to be transformed into one of the leading Public Sector Banks of the country. He said that the Bank is doing extremely well in all segments and crossed Rs. 272000 crores business mark in the last Financial Year. With 2525 branches already on the card and more to come up, Bank will perform better in future.

Shri M R Nayak, Executive Director of the Bank proposed the Vote of Thanks.

In its Head Office in Kolkata, 148^th foundation day of the Bank was celebrated in a befitting manner with lighting of the Ceremonial Lamp at Head Office. The General Managers/ Officers / Staff members of the bank participated in the function.

New Delhi

Date : 24.04.2012