http://www.contentlinks.asiancerc.com/IB/FinalCompanyProfile.asp? txtCompanycode=14030009 Allahabad Bank (Hindi: ), which began operations in 1865, now has its head-quarters in Kolkata.

. Currently the bank has 2402 branches across the country.[1] The Chairman and Managing Director of the bank is Shri J P Dua. The bank has a branch in Hong Kong and a representative office in Shenzen. The bank's internet banking is maintained by EBankWorks Team of TCS.

[edit] History
[edit] 19th Century

24 April 1865: A group of Europeans at Allahabad founded Allahabad Bank. Allahabad Bank is therefore now the oldest joint stock bank in India.

[edit] 20th Century

1920: P & O Banking Corporation acquired Allahabad Bank with a bid price of Rs.436 per share. 1927: Chartered Bank of India, Australia and China acquired P&O Bank. However, Chartered Bank continued to operate Allahabad Bank as a separate entity. 19 July 1969: The Government nationalized Allahabad Bank, together with 13 other banks. October 1989: Allahabad Bank acquired United Industrial Bank, a Calcutta-based bank that had been established in 1940. 1991: The Bank established AllBank Finance Ltd, a wholly owned Merchant Banking subsidiary.

[edit] 21st Century

October 2002: Bank came out with an Initial Public Offering (IPO) of 10 crores of shares, each with a face value Rs.10 each. The IPO reduced the Government's shareholding to 71.16%. April 2005: Bank conducted a second public offering of 10 crores of shares, each with a face value Rs.10 and selling at a premium of Rs.72. This offering reduced the Government's ownership to 55.23%. June 2006:Bank opened its first office outside India when it opened a representative office in Shenzen, China. February 2007: Bank opened its first overseas branch, in Hong Kong. March 2007: Bank's business crossed Rs.1,00,000 crores mark.

Official web site http://zeebal.com/allahabad-bank-po-and-clerical-post-recruitment-2011-12allahabadbank-com.html Allahabad Bank IFSC Codes

* Under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the consortium financers Indian Overseas Bank, The Bank of Rajasthan Limited, headed by Allahabad Bank, have on 06 July 2010, taken over the possession of Festival City Mall, GT Road, Ludhiana, from the developer and borrower AerenR group company, Aerens Entertainment Zone Pvt Limited, and guaranteed by Dr. Rajesh J Aeren, for default and non payment of interest and principal amount of Indian Rupees 678,713,213. The project, also private equity financed by Fishman Group Israel, was declared bad debt as non performing asset (NPA) by the banks

OUR VISION AND MISSION

Vision To put the Bank on a higher growth path by building a Strong Customer-base through Talent Management, induction of State-of-the-art Technology and through Structural Re-organization. Mission To ensure anywhere and any time banking for the customer with latest state-of-theart technology and by developing effective customer centric relationship and to emerge as a world-class service provider through efficient utilization of Human Resources and product innovation. Corporate Governance - Model code of Conduct

1. Need and objective of the Code

Clause 49 of the Listing agreement entered into with the Stock Exchanges, requires, as part of Corporate Governance the listed entities to lay down a Code of Conduct for Directors on the Board of an entity and its Senior Management. The term "Senior Management" shall mean personnel of the company who are members of its core management team excluding the Board of Directors. This would also include all members of management, one level below the Executive Directors including all functional heads.

2. Bank's Belief System

This Code of Conduct attempts to set forth the guiding principles on which the Bank shall operate and conduct its daily business with its multitudinous stakeholders, government and regulatory agencies, media and anyone else

with whom it is connected. It recognizes that the Bank is a trustee and custodian of public money and in order to fulfill fiduciary obligations and responsibilities, it has to maintain and continue to enjoy the trust and confidence of public at large. The Bank acknowledges the need to uphold the integrity of every transaction it enters into and believes that honesty and integrity in its internal conduct would be judged by its external behavior. The bank shall be committed in all its actions to the interest of the countries in which it operates. The Bank is conscious of the reputation it carries amongst its customers and public at large and shall endeavor to do all it can to sustain and improve upon the same in its discharge of obligations. The Bank shall continue to initiate policies, which are customer centric and which promote financial prudence.

3. Philosophy of the Code

The code envisages and expects a. Adherence to the highest standards of honest and ethical conduct, including proper and ethical procedures in dealing with actual or apparent conflicts of interest between personal and professional relationships. b. Full, fair, accurate, sensible, timely and meaningful disclosures in the periodic reports required to be filed by the Bank with government and regulatory agencies. c. Compliance with applicable laws, rules and regulations. d. To address misuse or misapplication of the Bank's assets and resources. e. The highest level of confidentiality and fair dealing within and outside the Bank. A. General Standards of conduct

The Bank expects all Directors and members of the Core Management to exercise good judgement, to ensure the interests, safety and welfare of customers, employees and other stakeholders and to maintain a cooperative, efficient, positive, harmonious and productive work environment and business organization. The Directors and members of the Core Management while discharging duties of their office must act honestly and with due diligence. They are expected to act with that amount of utmost care and prudence, which an ordinary person is expected to take in his/ her own business. These standards need to be applied while working in the premises of the Bank, at offsite locations where business is being conducted whether in India or abroad, at Bank-sponsored business and social events, or at any other place where they act as representatives of the Bank. B. Conflict of Interest

A "conflict of interest" occurs when personal interest of any member of the Board of Directors and of the Core management interferes or appears to interfere in any way with the interests of the Bank. Every member of the

Board of Directors and Core Management has a responsibility to the Bank, its stakeholders and to each other. Although this duty does not prevent them from engaging in personal transactions and investments, it does demand that they avoid situations where a conflict of interest might occur or appear to occur. They are expected to perform their duties in a way that they do not conflict with the Bank's interest such as :

Employment /Outside Employment - The members of the Core

Management are expected to devote their total attention to the business interests of the Bank. They are prohibited from engaging in any activity that interferes with their performance or responsibilities to the Bank or otherwise is in conflict with or prejudicial to the Bank. Business Interests - If any member of the Board of Directors and Core Management considers investment in securities issued by the Bank's customer, supplier or competitor, they should ensure that these investments do not compromise their responsibilities to the Bank. Many factors including the size and nature of the investment; their ability to influence the Bank's decisions, their access to confidential information of the Bank, or of the other entity, and the nature of the relationship between the Bank and the customer, supplier or competitor should be considered in determining whether a conflict exists. Additionally, they should disclose to the Bank any interest that they have which may conflict with the business of the Bank. Related Parties - As a general rule, the Directors and members of the Core Management should avoid conducting Bank' s business with a relative or any other person or any firm, Company, association in which the relative or other person is associated in any significant role. Relatives shall include : top Father Mother (including step mother) Son's Wife Daughter (including step daughter) Father's father Father's mother Mother's mother Mother's father Son's son Son's son's wife Son's daughter Son's daughter's husband Daughter's husband Daughter's son Daughter's son's wife Daughter's daughter Daughter's daughter's husband Brother (including step brother) Brother's wife Sister (including step sister) Sister's husband

If such a related party Transaction is unavoidable, they must fully disclose the nature of the related party transaction to the appropriate authority. Any dealings with a related party must be conducted in such a way that no preferential treatment is given to that party. In the case of any other transaction or situation giving rise to conflicts of interests, the appropriate authority should after due deliberations decide on its impact. C. Applicable Laws

The Directors of the Bank and Core Management must comply with applicable laws, regulations, rules and regulatory orders. They should report any inadvertent non compliance, if detected subsequently, to the concerned authorities. D. Disclosure Standards

The Bank shall make full, fair, accurate, timely and meaningful disclosures in the periodic reports required to be filed with Government and Regulatory agencies. The members of Core Management of the bank shall initiate all actions deemed necessary for proper dissemination of relevant information to the Board of Directors, Auditors and other Statutory Agencies, as may be required by applicable laws, rules and regulations. E. Use of Bank's Assets and Resources

Each member of the Board of Directors and the Core Management has a duty to the Bank to advance its legitimate interests while dealing with the Bank's assets and resources. Members of the Board of Directors and Core Management are prohibited from: Using Corporate property, information or position for personal gain, Soliciting, demanding, accepting or agreeing to accept anything of value from any person while dealing with the Bank's assets and resources, Acting on behalf of the Bank in any transaction in which they or any of their relative(s) have a significant direct or indirect interest. Confidentiality and Fair Dealings Bank's confidential Information The Bank's confidential information is a valuable asset. It includes all trade related information, trade secrets, confidential and privileged information, customer information, employee related information, strategies, administration, research in connection with the Bank and commercial, legal, scientific, technical data that are either provided to or made available each member of the Board of Directors and the core Management by the Bank either in paper form or electronic media to facilitate their work or that they are able to know or obtain access by virtue of their position with the Bank. All confidential information must be used for Bank's business purposes only. This information includes the safeguarding, securing and proper disposal of confidential information in accordance with the Bank's policy on maintaining

F. (i)

and managing records. The obligation extends to confidential of third parties, which the Bank has rightfully received under non-disclosure agreements. To further the Bank's business, confidential information may have to be disclosed to potential business partners. Such disclosures should be made after considering its potential benefits and risks. Care should be taken to divulge the most sensitive information, only after the said potential business partner has signed a confidentiality agreement with the Bank. Any publication or publicly made statement that might be perceived or construed as attributable to the Bank, made outside the scope of any appropriate authority in the Bank, should include a disclaimer that the publication or statement represents the views of the specific author and not the Bank. Other Confidential Information

(ii)

The bank has many kinds of business relationships with many companies and individuals. Sometimes, they will volunteer confidential information about their products or business plans to induce the Bank to enter into a business relationship. At other times, the Bank may request that a third party provide confidential information to permit the Bank to evaluate a potential business relationship with the party. Therefore, special care must be taken by the Board of Directors and members of the Core Management to handle the confidential information of others responsibly. Such confidential information should be handled in accordance with the agreements with such third parties. The Bank requires that every Director and the member of Core Management, General Managers should be fully compliant with the laws, statutes, rules and regulations that have the objective of preventing unlawful gains of any nature whatsoever. Directors and members of Core Management shall not accept any offer, payment, promise to pay or authorization to pay any money, gift or anything of value from customers, suppliers, shareholders/ stakeholders etc that is perceived as intended, directly or indirectly, to influence any business decision, any act or failure to act, any commission of fraud or opportunity for the commission of any fraud.

1. Good Corporate Governance Practices

Each member of the Board of Directors and Core Management of the Bank should adhere to the following so as to ensure compliance with good Corporate Governance practices. (a) Dos o o o o Attend Board meetings regularly and participate in the deliberations and discussions effectively. Study the Board papers thoroughly and enquire about follow-up reports on definite time schedule. Involve actively in the matter of formulation of general policies. Be familiar with the broad objectives of the Bank and policies laid down by the Government and the various laws and legislations.

o (b) o o

Ensure confidentiality of the Bank's agenda papers, notes and minutes. Don'ts

2.

Do not interfere in the day to day functioning of the Bank. Do not reveal any information relating to any constituent of the Bank to anyone. o Do not display the logo / distinctive design of the Bank on their personal visiting cards / letter heads. o Do not sponsor any proposal relating to loans, investments, buildings or sites for Bank's premises, enlistment or empanelment of contractors, architects, auditors, doctors, lawyers and other professionals etc. o Do not do anything, which will interfere with and/ or be subversive of maintenance of discipline, good conduct and integrity of the staff. Waivers o Any waiver of any provision of this Code of Conduct for a member of the Bank's Board of Directors or a member of the Core Management must be approved in writing by the Board of Directors of the Bank. The matters covered in this Code of Conduct are of the utmost importance to the bank, its stakeholders and its business partners, and are essential to the Bank's ability to conduct its business in accordance with its value system.

Allahabad Bank : Director's Report (Year End: March 2011)

The Board of Directors has pleasure in presenting the Directors Report along with the audited Statement of Accounts of the Bank for the year ended 31st March 2011. Dividend The Board of Directors of the Bank has recommended a dividend @ 60 % i.e. Rs. 6 per equity share of Rs.10 each subject to approval by the Govt. of India.

Allahabad Bank : History

YEAR EVENTS 1865 - Allahabad Bank was set up on 24th April, at Allahabad by a Group of Europeans with subscribed capital of Rs.3 lakh. It is the oldest Bank in the country at present. 1920 - The P & O Banking Corporation took over the bank by acquiring its shares. 1965 - The Bank celebrated Centenary. In 1969 it was nationalised. The bank has reached all social banking targets. - It has introduced the Crop Credit Card (Fasli Shigra Ring Patra). It has launched the credit card "India Card Allahabad Bank". 1992 - During the year the country faced its economic challenges Boldly and emerged with creditable

achievements despite the following constraints. - Longer maturity Treasury Bills (364 days) have been introduced. - The Bank has adopted 23 villages as `Model villages' for their integrated development. - International Branch at Moradabad became the first nationalised bank outside a metropolitan city to handle foreign exchange business. - The Bank has been designated as one of the banks to handle India Development Bonds Scheme under which the Bank mobilised subscriptions of Rs. 14.85 crore. - The Bank's Computer Based Terminal was commissioned at International Branch, Mumbai. - The Bank has joined the elite group of 3000 banking/financial institutions in 72 countries for rapid transfer of standardised messages among SWIFT members by using state of art communication technology. - A dedicated communication line was set up between the mainframe computer and the Central Accounts Department to accelerate data-transfer and update data files. - The Bank has an effective vigilance set up to handle the Bank's vigilance matters. - The Bank was awarded Fourth Prize by the RBI under the Reserve Bank of India Shield Scheme for its commendable work regarding implementation of Hindi in Region `C'. It was awarded a certificate and the Third Prize in the Indira Gandhi Official Language Shield Competition 1991. - The Rajbhasha Shield was awarded to the Bank as Second Prize for its best performance by the Official Language Implementation Committee of Calcutta for the year 1991. Rajbhasha Shields were awarded to Patna, Kanpur and Lucknow Zones and Hyderabad Regional Office. - The Bank organised an Official Language Conference at Jaipur during December 1991, It is regularly publishing the House Journal `Triveni Dhara' which contains Hindi section. - The Head Office Official Language Department has been publishing the journal `Ila Bharati' in Hindi. - The Bank has introduced mechanisation of Draft Reconciliation System at 11 Service Branches. 1993 - It has been proposed to set up a Securities Trading Corporation. - During the year, a Memorandum of Understanding was signed with Bank of India for issuing the Bank's INDIACARD with Mastercard affiliation. - The Bank implemented the new scheme of the Government called "Simplified Scheme for payment of income tax by shopkeepers and other retail traders". - The International Branch, Mumbai, has been connected to the SWIFT network. - During the year Shresthta Ka Pramanpatra was awarded to the Bank by TOLIC, Calcutta. 1994 - International Divisions have been opened at Nadesar Varanasi, Agra City and Kanpur. 1995 - The Bank has entered into an MOU with the Small Industries Development Bank of India (SIDBI) for financing small scale industrial units.

- The Bank will shortly be setting up a housing subsidiary with a proposed name "All Housing Finance Ltd." - The Bank has 5 International Branches and 4 International Divisions. - The Bank organised 123 Hindi Workshops at different training centres and at Zonal Office level during the year in which 2389 officers/employees were imparted practical training in Hindi. - The Reserve Bank of India has awarded first prize to the Bank for commendable work in Hindi in Region `A' during the year. - The Bank emerged as the champion in the 8th All-India InterBank Football Tournament, sponsored by the Banks' Sports Board, IBA, held in Calcutta in February 1995, in which 10 banks pariticipated. 1996 - The Bank set up Information Technology Centre to provide indepth computer training to Officers at Calcutta and Lucknow. - The Bank emerged as the runners-up in the 7th Inter-Bank Football Tournament (Eastern Region), sponsored by the Banks' Sports Board, IBA, held at Durgapur from 15.2.1996 to 21.2.1996 in which 8 banks participated. 1997 - A one-day token strike was observed in all the 475 branches of Allahabad Bank in West Bengal to protest the management's alleged apathetic attitude towards the employees long standing demand. - Wipro the Indian computer giant, is set to win the first phase of the computerisation contract from the Calcutta based Allahabad Bank. - The Calcutta based Allahabad Bank has decided to close down all its 11 zonal offices and relocate some of its regional offices as part of the restructuring process in the bank. - Allahabad Bank, the Calcutta-based public sector bank, which has received an in-principle clearance from the Reserve Bank of India (RBI) for setting up a housing finance subsidiary, is reviewing its decision to do so in the light of the present market scenario. - Allahabad Bank has set up a committee in order to evolve a new formula for advancing loans for working capital requirements of businesses. - The Calcutta-based public sector Allahabad Bank has recently beefed up its Tier-II capital by a revaluation of its assets, chiefly real estate assets, by Rs 132 crore. This has enabled an increase in the bank's capital adequacy ratio (CAR) by one percentage point to above 10 per cent. - Allahabad Bank has set up a committee in order to evolve a new formula for advancing loans for working capital requirements of businesses. An expert committed has set up around two days ago which is studying the issue. 1998 - Allahabad Bank is scouting for foreign tie-ups in the area of gold trading, for which it has recently received permission from the Reserve Bank of India (RBI). - The Allahabad Bank has become one of the first banks in the country to draw up a credit management policy following the dismantling of the Reserve Bank of India-prescribed Maximum Permissible Bank Finance (MPBF) norms. - Allahabad Bank has entered into an arrangement, informally though, with IDBI and ICICI in regard to funding of infrastructure projects. - Allahabad Bank is all set to widen its term deposit portfolio with the launch of its Flexifix Deposit Scheme on January 1. Flexifix Deposit offers to the customers high interest returns of the fixed deposit scheme along with the option of withdrawing a part of their deposits prematurely without affecting the rate of interest or maturity date of the balance part of the deposits.

- The bank is installing 14 automated teller machines (ATMs) in eight cities throughout India, the Rs.1.20 crore contract for which has been awarded to Siemens Nixdorf Information Systems Ltd. - The Allahabad Bank launched the Allahabad Bank Green Card for farmers to enable adequate and timely credit support to them, not just to meet cultivation costs but also domestic needs. 1999 - Allahabad Bank has launched two new schemes to increase the pace of credit offtake. - TATA Consultancy Services (TCS) has entered into a contract with Allahabad Bank for implementing the Integrated Standard Banking System (ISBS), a branch mechanisation package, at 60 branches of the bank. - The city-based Allahabad Bank has bagged three major core sector clients - National Thermal Power Corporation (NTPC), Power Grid Corporation and Indian Railway Finance Corporation Ltd (IRFC). - AllBank Finance Ltd the 100-per cent subsidiary of Allahabad Bank, will seek the approval from the Reserve Bank of India (RBI) for accepting public deposits. - Allahabad Bank is launching a new trading finance scheme to bolster the growth of its merchant segment. The scheme, which already has the board's approval, was recently formulated by the bank's business promotion committee (BPC). 2000 - Allahabad Bank launched 56 boutique branches on Friday. - Allahabad Bank is to float a global tender inviting bids from international vendors for supplying both hardware and software to network 250 of its branches including regional and zonal offices. - Allahabad Bank has launched a new portal, the second of its kind, for sanctioning car loans through the Internet. - Allahabad Bank becomes the first public sector bank to have an exclusive Web site of its own, www.allbankcarloans.com, dedicated to sanctioning car loans through the Internet. - The Bank is making a foray into housing finance with the opening of 38 housing finance cells. The bank introduced a wide range of personal finance products such as car, personal, consumer, housing loans and flexifix deposit schemes et al. - Calcutta-based Allahabad Bank has developed three new products - collect and pay services, guaranteed credit services and direct deposit services. - The Bank has installed an automatic teller machine at its Vashi branch under the shared payment network of the Indian Banks' Association. - Allahabad Bank's Gariahat branch in the city will offer 24-hour telebanking facility from 28th June. - The Bank has tied up with Zenith Infotech to provide Internet banking. - Allahabad Bank has launched Allnet - the bank's internet banking service at its industrial finance branch in Mumbai. - Allahabad Bank as introduced its voluntary retirement scheme and a sabbatical for its officers and employees. - Allahabad Bank has proposed to expand its depository services in Calcutta by opening collection centres at five strategic locations in the city. - Allahabad Bank set up a firstaid centre in the Science City, at Calcutta. 2001 - Allahabad Bank has launched its new personal loan scheme for pensioners.

2002 -Allahabad has tied up with National Institute of Banking Management, Crisil and Earnst & Young for development of HRM, risk Management and general business strategy. -Allahabad bank has posted a 101%growth in the net profit to Rs.80.21cr with a business of 34,481. -ICICI Bank has opposed Allahabad Bank's petition seeking Kothari Petro wind up. -Allahabad Bank cuts its Prime Lending Rates, its revised rates will be 11.5% as against the present 12%. -Allahabad Bank takes the posession of property worth Rs. 3cr in the city using the powers given by the securitisation and reconstruction of Financial Assets and Enforcement of security ordinance. -Bank serves notices to 700 defaulters involving Rs.100cr 2003 -Allahabad Bank has seized the commercial assets of the Gurantors of Ramolene Fabrics (P) Ltd in Mumbai. -The rural banking department of Allahabad Bank has provided loans to farmers of the rural areas for agriculture. -Allahabad bank signs a Memorandum of Understanding with Corporation Bank for mutual sharing of their ATM Network. -Bank has been able to prune non-performing assets by Rs.540crs through a mix of cash recoveries, compromise, upgradation and wire-offs. -Dr.B Sama, Chairman and MD of the bank has retired at the close of the business on date due to its superannuation interms of GOI.

-Mr. Onkar Nath singh has assumed charge of Chairman and Managing Director of the Bank in terms of Notification No.F.No.9/14/2003-B.O.I. dated December 04, 2003 of Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division). 2004 -Allahabad Bank slashes prime lending rates by 50 basis points -Allahabad Bank participates in the equity of an ARC being floated by UTI -Allahabad Bank has informed that the Central Government after consultation with the Reserve Bank of India has nominated Smt. Sewali Chowdhary, Chief General Manager, Rural Planning and credit Department Reserve Bank of India, Kolkata, as Director on the Board of Directors of Allahabad Bank in place of Sri Surinder Kumar with effect from January 9, 2004 and until further Orders. Consequently, Sri Surinder Kumar has ceased to be a Director of the Bank. -Allahabad Bank has informed that it has entered into an MOU with the Export Credit Guarantee Corporation of India (ECGC) for distribution of their products to the exporters. -UTI Mutual Fund and Allahabad Bank on April 5, 2004 announced a strategic tie-up for distribution of UTI MF

schemes -Allahabad Bank has on April 24, 2004 stepped into the 140th year of its glorious existence in the Indian Financial sector. -Life Insurance Corporation of India and Allahabad Bank enter into a strategic tie up to develop bancassurance -Allahabad Bank MD gets award from Wisitex 2005 - Allahabad Bank sets the price band for the public issue of 100,000,000 equity shares of Rs 10 each for cash through book-building route, which is opening on April 06, 2005. The price band is Rs 75 to Rs 82 per share of face value of Rs 10/- each. Rs 75/- being floor price and Rs 82 being the cap price. Accordingly bid lot has been decided at 75 shares and in multiples of 75 shares thereafter. - Allahabad Bank public issue oversold 3.32 times - The follow-on Public Issue of 100,000,000 Equity Shares of the Bank through the book building process opened for bidding on April 06, 2005 and closed on April 12, 2005. The price band fixed for the same was Rs.75 to Rs.82. Based on the response to the follow-on Public Issue and after consultation with the Book Running Lead Managers, the Bank has fixed the Issue Price at Rs. 82/- per Equity Share for the purpose of allotment of equity shares in the said follow-on Public Issue of the Bank. -Allahabad Bank signs memorandum of understanding with Mahindra Gujarat Tractor Ltd for financing Hindustan brand tractor under special finance scheme -Allahabad Bank to begin 12-hr banking in 33 branches 2006 -Allahabad Bank appointed Shri. A C Mahajan as Chairman & Managing Director (CMD) on August 01, 2006 upto July 31, 2010 - Allahabad Bank has informed that Sri S. L. Jain, Chief Manager will act as Company Secretary of the Bank w.e.f November 01, 2006 in place of Sri Peter Barua, Company Secretary who will retire from Bank's Service on date. -Allahabad Bank merges six RRBs in UP -Allahabad Bank launches first overseas office in China 2007 - Allahabad Bank has informed that Government of India, Ministry of Finance, Departmental of Financial Services vide notification dated December 19, 2007 nominated Shri K K Dogra, Sr Manager of the Bank as Officer Employee Director on the Board of Directors of the Bank for a period of three years from the date of notification or till he ceases to be an officer of the Bank or until further orders, whichever is the earliest. 2008 -Allahabad Bank has informed that Government of India, Ministry of Finance, Department of Financial Services vide notification dated June 25, 2008, has appointed Shri. A C Mahajan, Chairman & Managing Director of the Bank as Chairman & Managing Director of Canara Bank from the date of his taking charge on or after July 01, 2008.

- Allahabad Bank has informed that in exercise of the powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 / 1980, read with subclause (1) of clause (3) and sub clause 8 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government, in consultation with Reserve Bank of India hereby appoints Shri. K R Kamath as Chairman & Managing Director, Allahabad Bank for a period of five years on and from August 02, 2008 or until further orders whichever is earlier. 2009 - Allahabad Bank has informed that Shri. Dina Nath Kumar has been appointed as Company Secretary of the Bank. Shri. Dina Nath Kumar will act as Company Secretary of the Bank w.e.f. April 02, 2009 in place of Shri. S L Jain. - Allahabad Bank has informed that Bank has received only (1) valid application for contesting the election against one casual vacancy of shareholders' director as detailed below:- Name: Dr. Vasant Baburao Kaujalgi ,S/O Shri Baburao G Kaujalgi, Address: N 220 Ushas Apt. 16 Main, 4 Block, Jayanagar , Bangalore 560011. In view of this Dr.Vasant Baburao Kaujalgi is deemed to have been elected as Director representing shareholders forthwith and shall hold office till June 29,2011.In view of the above , there shall not be any election as set out in item No. 4 of the Notice for convening AGM. - Allahabad Bank has informed that consequent upon the appointment of Shri. A K Mohapatra, as Member, Appellate Authority for Industrial & Financial Reconstruction (A.A.I.F.R), Ministry of Finance, Govt. of India, Shri. A K Mohapatra, resigned as director representing shareholder of the Bank w.e.f. June 26, 2009. - Allahabad Bank decided to cut its benchmark prime-lending rate by 25 basis points from July 1. 2009 - Allahabad Bank has appointed M/s. P A & Associates Chartered Accountants, M/s. M R Narain & Co. Chartered Accountants, M/s. S Ghose & Co. Chartered Accountants, and M/s. K M Agarwal & Co. Chartered Accountants, as the Statutory Central Auditors of the Bank in place of M/s. Rasool Singhal & Co, M/s. Dass Gupta & Associates, M/s. Anand Rungta & Co. and M/s. K S Bothra & Co. - Allahabad Bank has appointed Shri D. Sarkar as whole time director (designated as Executive Director) of the Bank. 2010 - Allahabad Bank has set up a branch in the Union Territory of Dadra and Nagar Haveli under the bank's zonal office, Ahmedabad. - Allahabad Bank has appointED Shri A. B. Bhattacharjee, as General Manager (F&A) and Chief Financial Officer (CFO) of the Bank.

Distribution of deposits, advances and income among the various categories of banks in India for is outlined below: (as % of the Market) Classification of Banks Deposits Advances Income Public Sector Banks 75.1 72.3 74.9 Foreign Banks 5.0 7.3 8.3 Regional Rural Banks 3.9 2.9 3.5 Other Scheduled Commercial Banks 16.0 17.5 13.3 Total 100.0 100.0 100.0 (Source: Deposits and Advance: BSR 2002, published by RBI; Income: RBI Report on Trend and Progress of Banking in India)

MISSION & VISION OF THE BANK The Mission of the Bank is to provide banking and allied financial services efficiently to various market segments. Thrust will be given to provide innovative tailor- made products and services at competitive prices to suit the needs of the customers through a well spread network of branches, taking advantage of the latest improvements in technology and skill. The Vision of the Bank is to become a technology driven, financially strong Bank, offering wide range of financial services with concern for customer-delight, productivity, efficiency and profitability.