Allahabad Bank operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Allahabad Bank with three other
companies in this sector in India:
Oriental Bank Of Commerce
sales of 201.79 billion Indian Rupees [US$2.72 billion]
of which 48%
was Corporate/Wholesale Banking),
Corporation Bank Ltd
(199.47 billion Indian Rupees [US$2.69 billion]
of which 36%
was Wholesale Banking), and
(195.34 billion Indian Rupees [US$2.63 billion]
of which 35%
was Corporate Wholesale Banking).
Allahabad Bank reported sales of 194.74 billion Indian Rupees (US$2.62 billion)
March of 2018.
decrease of 5.3%
versus 2017, when the company's sales were 205.68 billion Indian Rupees.
The sales level in 2018 was fairly close to the level five years ago: in 2013, Allahabad Bank had sales
of 190.26 billion Indian Rupees.
Contributing to the drop in overall sales was the 22.8% decline
in Corporate/wholesale Banking, from 67.68 billion Indian Rupees to 52.27 billion Indian Rupees.
There were also decreases in sales in
Retail Banking (down 0.4% to 67.62 billion Indian Rupees)
Treasury Operations (down 1.8% to 60.12 billion Indian Rupees)
However, these declines were partially offset by the increase in sales of
Other Banking Operations (up 65.1% to 14.86 billion Indian Rupees)