Updates on Amalgamation

Indian Bank a 113-Year-Old Bank was born out of Swadeshi movement in 1907, and Allahabad Bank is the oldest public sector bank– (155 years) set up as a joint stock company by a group of Europeans in 1865 at Allahabad.    As per Govt. of India directions, Allahabad Bank has merged into Indian Bank effective from 1^st April 2020.  The new merged entity is the 7^th Largest Public Sector Bank in the Country.

The amalgamated entity after merger of Zonal Offices and branches till 31.01.2021 is functioning with 14 Field General Manager’s Offices(FGMO), 78 Zonal Offices.

Customer Acquisition Processing Centres (CAPC) are formed in 8 Centres at Chennai, Allahabad, Bhopal, Bhubaneshwar, Delhi, Kolkata, Lucknow and Patna to handle the liability accounts viz., Customer Acquisition and Opening of SB accounts.

Specialised verticals / specialised branches to speed up credit sanctions and reduce the Turnaround Time (TAT) as under are formed in the merged entity:

• 9 Large Corporate branches handling credit proposals above Rs.150 Cr
• 17 Mid Corporate Branches handling credit proposals from 25 Cr to Rs. 150 Cr
• 79 Retail and MSME Processing Centres (RMPCs) handling credit proposals of Retail and MSME customers. RMPCs are formed in all the 78 Zonal Offices and one RMPC at Indore.

List of Field General Manager’s Office ( FGMOs )

List of Zonal Offices (ZO)

Merger of Branches – Update as on 31.03.2021

List of Large Corporate Branches

List of Mid Corporate Branches