Allahabad Bank Announces Raising of Funds Through Private Placement of Basel Iii Compliant Tier 2 Bonds

Allahabad Bank is a banking company. The Company's principal products/services are debenture/ security trusteeship fees and custodian fees. It operates through four business segments: Treasury Operations, Corporate/ wholesale Banking, Retail Banking and Other Banking business. It offers personal banking; social banking; micro, small and medium enterprises banking; retail credit products; corporate banking, and international banking. It has over 3,209 domestic branches and an overseas branch at Hong Kong. Out of 3,209 domestic branches, over 1,307 are at rural, 720 are at semi-urban, 656 are at urban and 526 are at metropolitan centers. It has over 185 onsite and two offsite e-lobbies, over 100 mini e-lobbies, 50 cash deposit kiosks and 40 passbook printing kiosks covering over 380 branches. It operates over 1,210 automatic teller machines. Its Internet Banking application features facilities, such as card hot listing, e-filing of income tax returns and mobile banking registration.