AllBank Finance Ltd. (ABFL) is a wholly-owned subsidiary of Allahabad Bank. Allahabad Bank is the oldest Bank in India and was founded in 1865 by a group of Europeans in the historic city of Allahabad. The Bank, in 1923, shifted its head office to Kolkata, then the country’s commercial capital. The Bank is carrying long and glorious annals of 146 years, stretched over last three centuries. Allahabad Bank, today, has surpassed the total business of over Rs.2, 00,000 crores. Branch network of the bank is stretched all over the country having pan India presence with total number of branches exceeding 2400 nos. In line with the quest for globalization of India, the bank is presently eyeing at attaining global standards in all respects. The bank has its first foreign branch set up at Hong Kong and a representative office at Shenzhen, China, in order to tap business opportunities of South East Asia and the fastest growing China.
AllBank finance Limited draws its strength from such strong parent.