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:
Corporation Bank Ltd
(2019
sales of 175.06 billion Indian Rupees [US$2.45 billion]
of which 40%
was Wholesale Banking),
Oriental Bank Of Commerce
(205.36 billion Indian Rupees [US$2.87 billion]
of which 43%
was Corporate/Wholesale Banking), and
Indian Bank
(210.75 billion Indian Rupees [US$2.94 billion]
of which 38%
was Retail Banking).
Sales Analysis.
Allahabad Bank reported sales of 189.69 billion Indian Rupees (US$2.65 billion)
for the
fiscal
year ending
March of 2019.
This
represents
a
decrease of 2.6%
versus 2018, when the company's sales were 194.74 billion Indian Rupees.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Allahabad Bank had sales
of 210.50 billion Indian Rupees.
Contributing to the drop in overall sales was the 14.0% decline
in Treasury Operations, from 60.12 billion Indian Rupees to 51.69 billion Indian Rupees.
There were also decreases in sales in
Retail Banking (down 1.8% to 66.38 billion Indian Rupees)
.
However, these declines were partially offset by the increase in sales of
Corporate/wholesale Banking (up 4.0% to 54.35 billion Indian Rupees)
and
Other Banking Operations (up 16.3% to 17.27 billion Indian Rupees)
.