Indian Banks: The Story of Allahabad Bank

Welcome to TBQ’s Banks in India series. In this series, we will be covering the history of Nationalized, Scheduled, and Private banks in India — only the ones that are in business now.

Allahabad Bank

Allahabad Bank logo
Allahabad Bank logo

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. P&O Banking Corporation ran this bank as a separate entity. In 1927, the bank became a part of the Chartered Bank group, when Chartered Bank acquired the controlling interest in the P & O Banking Corporation. Allahabad Bank was nationalized in 1969.

The logo of Allahabad Bank signifies its city of origin — Allahabad. The logo symbolizes the confluence of three rivers (Triveni Sangam)– Ganga, Yamuna, and the mythical Saraswathi — at Allahabad.

Tagline: A tradition of trust

Allahabad Bank Cheque
Notice the branding?

Did you know: The in-house magazine of the bank is called ‘Triveni Dhara’.