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 210.31 billion Indian Rupees [US$3.17 billion]
of which 51%
was Wholesale Banking),
Oriental Bank Of Commerce
(220.83 billion Indian Rupees [US$3.33 billion]
of which 58%
was Corporate/Wholesale Banking), and
Uco Bank Ltd
(213.62 billion Indian Rupees [US$3.22 billion]
of which 40%
was Corporate / Wholesale banking).
Allahabad Bank reported sales of 218.74 billion Indian Rupees (US$3.30 billion)
March of 2015.
increase of 3.9%
versus 2014, when the company's sales were 210.50 billion Indian Rupees.
Sales at Allahabad Bank have increased during each of the previous five years
(and since 2010, sales have increased a total of 121%).
Sales of Retail Banking saw an increase
that was more than double the company's growth rate: sales were up
8.7% in 2015, from
51.33 billion Indian Rupees to 55.78 billion Indian Rupees.
Allahabad Bank also saw significant increases in sales in
Corporate/wholesale Banking (up 6.8% to 103.30 billion Indian Rupees)
Not all segments of Allahabad Bank experienced an increase in sales in 2015:
sales of Other Banking Operations fell 50.6% to 4.59 billion Indian Rupees.
(However, this segment's sales were only a very small portion of the company's overall sales).