TheScreener - Allahabad Bank (ALBK) An unfavourable environment weighs on ALLAHABAD BANK LTD., which sees a downgrade to Negative

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EUR 13.36 For Business Accounts Only

An unfavourable environment weighs on ALLAHABAD BANK LTD., which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of ALLAHABAD BANK LTD. (IN), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date September 1, 2017, the closing price was INR 69.30 and its target price was estimated at INR 57.27.

02/09/2017 6 EN

Underlying

Allahabad Bank

Allahabad Bank. Allahabad Bank is a banking company. The Company's principal products/services are debenture/ security trusteeship fees and custodian fees. It operates through four business segments: Treasury Operations, Corporate/ wholesale Banking, Retail Banking and Other Banking business. It offers personal banking; social banking; micro, small and medium enterprises banking; retail credit products; corporate banking, and international banking. It has over 3,209 domestic branches and an overseas branch at Hong Kong. Out of 3,209 domestic branches, over 1,307 are at rural, 720 are at semi-urban, 656 are at urban and 526 are at metropolitan centers. It has over 185 onsite and two offsite e-lobbies, over 100 mini e-lobbies, 50 cash deposit kiosks and 40 passbook printing kiosks covering over 380 branches. It operates over 1,210 automatic teller machines. Its Internet Banking application features facilities, such as card hot listing, e-filing of income tax returns and mobile banking registration.

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INE428A01015 India

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An unfavourable environment weighs on ALLAHABAD BANK LTD., which sees a downgrade to Negative

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