Allahabad Bank starts Twelve Hour Banking

Allahabad Bank, a leading nationalized bank of the country, turns to twelve hour banking in selected 33 branches across the country from tomorrow i.e., 14th December, 2005. This unique customer centric initiative has been planned for the benefit of the customers with varying timing need, by providing extended 8 AM to 8 PM banking service through selected branch outlets.

This facility will enable a cross section of customers to avail of banking facilities as per their convenience between 8 AM to 8 PM. From tomorrow i.e. 14.12.205, 12-hour banking is being extended in select branches in Ahmedabad (Ranna Park Branch), Allahabad (Civil Lines Branch), Bangalore (Jaynagar Branch), Bhopal (City Centre -Gwalior and Arera Colony - Bhopal Branches), Bhubaneswar (Rourkela Branches), Chandigarh (Panchkula Branch), Chennai (Annanagar and Madurai Branches), Hyderabad (Maruthinagar Branch), Jaipur (Main Branch), Kanpur (Burra Colony Branch), Kolkata (Mission Row, Shyambazar, Gariahat, Alipore, New Alipore and Lake Gardens Branches), Lucknow (Ujariyan Branches), Mumbai( Andheri -East, Ghatkopar, Mulund, Pune, Juhu Vile Parle and Fort Branches), New Delhi (Parliament Street, NM Ghaziabad, Faridabad, Noida and Gurgaon Branches), Patna (Boring Road Branch), Ranchi (Jamshedpur Branch) and Varanasi (Ravindrapuri Branch). Gradually, the 12-hour banking facility will be extended to more branches in a phased manner.

The Bank has thus taken yet another step towards bringing in excellence and innovation in customer service. The Bank achieved phenomenal business growth of 24.45% as on 30.9.2005 compared to same period last year. Deposit growth was 21.38% while Credit growth has been 30.17% during the same period. Market share in deposit and advances has also increased. In tune with the business boom, the Bank has laid emphasis on technological upgradation, product development, adherence to social commitment and extended business hour. The Bank is going to install 109 more ATMs shortly in addition to its 91 existing. The Centralized Banking Solutions (CBS) will bring in 900 branches under same banking net. The Bank has planned to achieve 100% computerization by 31.3.2006. By introducing 12-hour banking, the Bank fulfils its professed commitment of extended hour of banking to meet the challenges of time and growing expectation of the customers.

Corporate Communication Cell,
13th December,2005