Shubhalakshmi Panse appointed CMD of Allahabad Bank

Shubhalakshmi Panse was on 1 October 2012 appointed as the Chairperson and Managing Director of Allahabad Bank.

About Shubhalakshmi Panse

• Shubhalakshmi Panse (SA Panse) is a Gold medalist in M.Sc. from Pune University and also holds an MBA from Drexel University, USA.
• Before taking charge as ‘Chairman & Managing Director’, Allahabad Bank in October 2012, she worked as Executive Director, Vijaya Bank where she was in charge of the administration and Business Development of the Bank.
• During her tenure with Vijaya Bank, Panse shouldered various key portfolios including Recovery, Credit Monitoring, Legal, Funds Management & Accounts, Information Technology.
• She is the first woman to lead the Allahabad bank- India's oldest bank

About Allahabad Bank

Allahabad Bank is an oldest Joint Stock Bank of the Country. Allahabad Bank was founded on 24 April 1865 by a group of Europeans at Allahabad. On 19 July 1969 the Allahabad bankhas been Nationalized along with 13 other banks. Presently the bank has more than 2500 branches.