Home Economy Allahabad Bank does business of Rs.179,000 crore

Allahabad Bank does business of Rs.179,000 crore

By IANS,

Kolkata: Public sector Allahabad Bank did a business of Rs.179,000 crore in fiscal 2009-10, exceeding the target of Rs.175,000 crore, a bank statement said here Monday.

The business included deposits of Rs.106,000 crore and advances of Rs.73,000 crore, the city-based lender said.

The bank has gone for full computerization and implemented core banking solution (CBS) in 969 branches.

It has plans to convert all its 2,287 branches into CBS by the end of this calendar year, said J.P. Dua, chairman and managing director of the bank.