Axis Bank
Axis Bank is the Ahmedabad based third largest private sector bank in India established in 1993 previously known as UTI bank. The Bank has Central Office is located at Mumbai. It offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,050 domestic branches (including extension counters) with 11,801 ATMs & 4,917 cash recyclers spread across the country as on 31st March, 2019. The bank also has work their overseas operations from Hong Kong, Singapore, Dubai Shanghai and Colombo, Abu Dhabi and Dhaka and London.
Axis Bank involved in retail banking, treasury, corporate/ wholesale banking and other banking business. 1) Retail banking includes lending to individuals/small businesses subject to the orientation, product and granularity criterion. It also includes liability products, card services, Internet banking, automated teller machines (ATM) services, depository, financial advisory services, and non resident Indian (NRI) services. 2)The treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the account, and for customers and central funding. 3) The corporate/wholesale banking segment includes corporate relationships not included under retail banking, corporate advisory services, placements and syndication, management of publics issue, project appraisals, capital market related services, and cash management services. 4) Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions. The Bank has five wholly-owned subsidiaries namely Axis Securities and Sales Ltd, Axis Trustee Services Ltd, Axis Private Equity Ltd, Axis Asset Management Company Ltd and Axis Mutual Fund Trustee Ltd.
History- The Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.
FOLLOW US!
Call Now