ALBK

Allahabad Bank has informed the Exchange that the term of Shri Nakul Sein Anand, Director of the Bank, has expired on February 28, 2005.

Allahabad Bank has informed the Exchange that the bank has issued a press release dated February 26, 2005 regarding declaration of Interim dividend by the bank. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Allahabad Bank has informed the Exchange that the BOD's of the Bank at its meeting held on February 26, 2005, declared an Interim Dividend @15% for the Financial Year 2004-2005 and the Record Date for the purpose of payment of interim dividend has been fixed as on March 14, 2005.

Allahabad Bank has informed the Exchange that the term of Shri Zafar Obaid, Director of the Bank has expired on February 05, 2005.

Allahabad Bank has informed the Exchange that the company has issued a press release dated January 18, 2005 titled 'Allahabad Bank looking beyond boundaries'. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Allahabad Bank has informed the Exchange that the terms of Shri R.B.Chaubey,Workmen Employee Director of the Bank expired on January 04,2005.

Allahabad Bank has informed the Exchange that in exercise of the powers conferred by clause (e) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with sub-clause (1) of Clause 3 of Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, the Central Government has appointed Shri V Gurumurthy, Special Assistant, Allahabad Bank as a Workmen Employee Director on the BOD's of Allahabad Bank for a period of three years w.e.f. January 04, 2005 or until his successor is appointed or till he ceases to be a workmen empl

Allahabad Bank has informed the Exchange that the shareholders of the Bank have approved of 10 crore equity shares of the face value of Rs.10/ each on book building basis issue at the EGM held on January 04, 2005. The details of the press release issued by the Company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Allahabad Bank has informed the Exchange that the terms of Shri Amitav Kothari, Director of the Bank expired on December 18, 2004.

Allahabad Bank has informed the Exchange that the Board has approved by circulation, holding of the EGM of the shareholders of the Bank on January 04, 2005 for obtaining their approval for issue of 10 crores equity shares of the face value of Rs.10/- each and the Record Date has been fixed as December 31, 2004 to determine the names of shareholders entitled to attend/exercise voting rights in EGM.

Allahabad Bank has informed the Exchange regarding approval received from the Ministry of Finance, Government of India for the Second Public Offering of the Bank for issue of 10 crore Equity Shares. The details of the press release issued by the Company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Allahabad Bank has informed the Exchange that approval from the Government of India, Ministry of Finance, Dept. of Economic Affairs (Banking Division) vide letter F. NO.11/34/2004-BOA dated December 06, 2004 has since been received for the Second Public Offering of the Bank for issue of 10 crore Equity Share @ Rs.10/- per share (Face Value) at a premium to be decided by the Bank.

Allahabad Bank has informed the Exchange that that the following change of Statutory Auditors of the Bank has been made by Reserve Bank of India: Outgoing Statutory Auditors: (1) M/s. N C BANERJEE & CO, Chartered Accountants, Room No 9, 1st Floor, Commerce House, 2, Ganesh Avenue, Kolkata - 700013, Phone- 033 22373200; (2) M/s. GOEL, GARG & CO., Chartered Accountants, 102, Skylink, E-588, Greater Kailash II, New Delhi - 110048, Phone - 011-2461 5777. Incoming Statutory Auditors: (1) M/s. N. CHAUDHURI & CO., Chartered Accountants, 10, Old Post Office Street, 2nd Floor, Room No 6, Kolkata - 70

Allahabad Bank has informed the Exchange that Ms. Deepa Gupta, Director of the Bank has expired on November 04, 2004.

Allahabad Bank has informed the Exchange that the Credit Analysis & Research Ltd has informed the Bank that their Rating Committee has upgraded the Ratings of the Bank's Tier II (Series IV) Unsecured Subordinated Bond of Rs.200 Crores from "CARE AA" (Double A) to "CARE AA+ (Double A plus)".

Allahabad Bank has informed the Exchange that on October 07, 2004 the Bank has announced the launch of the Allahabad Bank International Debit cum ATM Card in association with Visa International. The Bank plans to issue over one lakh cards in the first year itself to its Savings Bank and Current Account holders. The details of the press release issued by the Company shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Allahabad Bank has informed the Exchange that consequent upon transfer of Sri Narendra Singh, Deputy General Manager (Finance & Accounts) and Compliance Officer of the Bank from Head Office to Regional Office, Mumbai, Sri M.N. Neogy, Dy. General Manager (F&A) has been designated as Compliance Officer in his place.

Clarification of News : The press had reports on April 05, 2004 that Allahabad Bank is interested in a south based bank to expand its network in the region and Karnataka Bank is one of the banks. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Allahabad Bank has vide its letter inter-alia stated, "There is no substance in the report published in the press."