Introduction
Axis Bank is the third biggest private sector bank among all the private banks in India. The Bank has an outsized footprint of about 2402 domestic office branches that also includes extension counters and 12,922 ATMs spread all over the country according to the statistics found as on the 31st day of March month in the year 2014. Axis Bank is one amongst the leading new generation private sector banks that has begun its operations in the year 1994. The bank had a balance sheet size of Rs. 3, 83,245 crores as per the statistics available on the 31st day of March in the year 2014.With this Axis Bank has attained a steady growth and firm asset quality with a 5 year CAGR from 2010 to 2014 of 19% in Total Deposits, 21% in Total Assets, 23% in Total Advances and 28% in Net Profit. Axis Bank instigated its setups in the year 1994, after the Government of India permitted new private banks to be launched. The Bank was endorsed in 1993 cooperatively by the Administrator of the various insurance companies.
The Unit Trust of India, which is one of the company share holder holds a superior place in the Indian investment markets and has encouraged many top financial organizations in the country. Axis Bank which was formerly known as UTI Bank opened its registered branch office in Ahmedabad and corporate branch office in Mumbai in the month of December the year 1993. The first office branch was installed on the 2nd day of April in the year 1994 in Ahmedabad, Gujarat by Dr. Manmohan Singh, the then Finance Minister of India.
Axis Bank drives in four sections namely Retail banking, Treasury operations, Corporate/Wholesale banking and other banking business.Treasury operations: The Axis Bank's treasury operation facilities include funds in independent and commercial debt, trading operations, equity and mutual funds, derivative trading and foreign exchange operations on the account, and for customers and central funding.
Retail banking: In the retail banking classification, the bank provides facilities such as loaning to individuals or minor businesses subject to the positioning, product and granularity standard, along with obligation products, card services, automated teller machines services, Internet banking, depository, financial advisory services, and Non-resident Indian services.
Corporate/wholesale banking: The Bank provides to corporate and other groups services containing business relationship not included under retail banking, placements and syndication, project appraisals, management of public issues, corporate advisory services, capital market related services and cash management services.
NRI services: Products and facilities for NRIs that simplify investments in India.
Business banking: The Bank admits income and other direct taxes over its 214 authorized office branches at 137 places and central excise and service taxes that also include e-Payments through 56 authorized office branches at 14 places.
Investment banking:The Axis Bank's Investment Banking business contains happenings related to Equity Capital Markets, Mergers and Acquisitions and Private Equity Advisory. The bank is a SEBI registered Class I Merchant Banker. The bank has been highly active in directing Indian companies in raising equity through QIPs, IPOs, and Rights issues, etc. In the financial year end of 31st day of March 2012, Axis Bank accepted 9 transactions comprising 5 IPOs and 2 Open Offers.
Agriculture banking: Nearly 759 office branches of the Bank provide various agricultural banking services that include agricultural finances to farmers. According to the statistics based on the 31st of March in the year 2013, the Bank's unsettled loans in the agricultural area was Rupees 148 billion, comprising 7.5% of its entire advances.
Useful Advisory Services have been established to guide public and private sector customers on investment shaping and funding decisions with a vision to help the customers to aid them lessen the rate of funds. The Assembly has also been highly active in guiding the central and numerous state governments or their organizations in privatization and proposal procedure management. The Assembly has effectively worked on several of the standard transactions in infrastructure improvement & industrial sector covering a whole range of projects.
Website: www.axisbank.com
Contact details:Corporate Office
Axis Bank Limited, Corporate Office, Bombay Dyeing Mills Compound,Pandurang Budhkar Marg, Worli, Mumbai - 400 025
Tel: (022) 2425 2525
Registered Office
Axis Bank Limited, "TRISHUL", Third Floor,
Opp. Samartheshwar Temple,
Nr. Law Garden, Ellisbridge,
Ahmedabad - 380 006