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:
sales of 211.54 billion Indian Rupees [US$3.24 billion]
of which 44%
was Wholesale Banking),
Uco Bank Ltd
(201.56 billion Indian Rupees [US$3.08 billion]
of which 40%
was Corporate / Wholesale banking), and
Oriental Bank Of Commerce
(218.15 billion Indian Rupees [US$3.34 billion]
of which 59%
was Corporate/Wholesale Banking).
Allahabad Bank reported sales of 210.03 billion Indian Rupees (US$3.21 billion)
March of 2016.
decrease of 4.0%
versus 2015, when the company's sales were 218.74 billion Indian Rupees.
Contributing to the drop in overall sales was the 12.2% decline
in Corporate/wholesale Banking, from 103.30 billion Indian Rupees to 90.67 billion Indian Rupees.
There were also decreases in sales in
Treasury Operations (down 10.1% to 49.68 billion Indian Rupees)
However, these declines were partially offset by the increase in sales of
Retail Banking (up 14.5% to 63.88 billion Indian Rupees)
Other Banking Operations (up 27.2% to 5.84 billion Indian Rupees)