Axis bank was the first of the new private banks to have begun operations in 1994, after theGOI allowed new private banks to be established. The Bank was jointly promoted by theadministrators of UTI, LIC, GIC and other four PSU insurance companies, i.e. NationalInsurance Co Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd. andUnited India Insurance Co. Ltd.The Bank as on 31
March, 2012 is capitalized to the extent of Rs. 413.20 Cr with the publicholding at 54.08%. The Bank has a very wide network of more than 1600 branches and over10000 ATMs as on 31
March, 2012 providing 24 hrs a day banking convenience to itscustomers.
(Amounts in Cr.)
From the above Chart it is evident that:
Net Profit has increased by 25.19 % because sales have increased by 39%YOY.
There is an increase of 18.50% in operating revenue.
Total Net Advances grew 19% YOY to `1,69,760 crores.
Retail Advances grew by 35% YOY to 37,570 crores; constituted 22% of totaladvances, as compared to 19% at the end of Q4FY11
Net ProfitCore OperatingProfit Operating Revenue
Q4 FY 11Q4 FY 12