Andhra Bank operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Andhra Bank with three other
companies in this sector in India:
sales of 239.50 billion Indian Rupees [US$3.38 billion]
of which 38%
was Retail Banking),
Indian Overseas Bank
(217.37 billion Indian Rupees [US$3.07 billion]
of which 34%
was Retail Banking), and
(210.75 billion Indian Rupees [US$2.97 billion]
of which 38%
was Retail Banking).
Andhra Bank reported sales of 222.91 billion Indian Rupees (US$3.15 billion)
March of 2019.
increase of 4.6%
versus 2018, when the company's sales were 213.05 billion Indian Rupees.
Sales at Andhra Bank have increased during each of the previous five years
(and since 2014, sales have increased a total of 36%).
Sales of Other Banking Operations saw an increase
that was more than double the company's growth rate: sales were up
17.6% in 2019, from
29.73 billion Indian Rupees to 34.97 billion Indian Rupees.
Andhra Bank also saw significant increases in sales in
Retail Banking (up 15.3% to 82.08 billion Indian Rupees)
Not all segments of Andhra Bank experienced an increase in sales in 2019:
sales of Treasury fell 6.6% to 51.35 billion Indian Rupees.
Andhra Bank also experienced decreases in sales in
Corporate/ Wholesale Banking (down 4.7% to 54.50 billion Indian Rupees)