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About Axis Bank

About Axis Bank

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Published by: Subish Panthroli on Nov 12, 2011
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ABOUT AXIS BANK

Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank as on 30th September, 2011 is capitalized to the extent of Rs. 412.32 crores with the public holding (other than promoters and GDRs) at 52.07%. The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1281 branches (including 169 Service Branches/CPCs as on 31st March, 2011). The Bank has a network of over 6270 ATMs (as on 31st March, 2011) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

Axis Bank
From Wikipedia, the free encyclopedia

This article may contain original research. Please improve it by verifying the claims made and adding references. Statements consisting only of original research may be removed. More details may be available on the talk page. (September 2011)

Axis Bank Limited

Type

Public

Traded as

BSE: 532215 LSE: AXBC NSE: AXISBANK

Industry

Banking, Financial services

Founded

1994

The Oriental Insurance Corporation and United India Insurance Company UTI-I holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. The New India Assurance Company. The bank changed its name to Axis Bank in April 2007 to avoid confusion with other unrelated entities with similar name.[5] . investment banking.private equity.. Chairman Shikha Sharma MD & CEO Products Credit cards.09 million)(2011) [1] AUM US$ 40. wealth management Revenue 198. 13.121 billion (2010) Employees 21.640 (2010)[2] Website axisbank. Shikha Sharma was named as the bank's managing director and CEO on 20 April 2009.66 million). consumer banking.79 billion) and a On 24 February 2010.812. P.93 crore (US$367. Life Insurance Corporation of India (LIC).02 billion)(2011) [1] Net income 33.04 crore (US$2.corporate banking. private banking.88 billion (US$687. LSE: AXBC) is a financial services firm that had begun operations in 1994. finance and insurance.com Axis Bank Limited. National Insurance Company Ltd. a unique mobile payments solution using Axis Bank debit cards.26 billion (US$4.745. General Insurance Corporation Ltd.mortgage loans. formerly UTI Bank. (BSE: 532215. J.Headquarters Mumbai. Axis Bank announced the launch of 'AXIS CALL & PAY on atom'.[3] After the Retirement of Mr. Axis Bank is the first bank in the country to provide a secure debit card-based payment service over IVR. Nayak. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I). after theGovernment of India allowed new private banks to be established.[4] As on the year ended 31 March 2009 the Bank had a total income of net profit of 1.. India Key people Adarsh Kishore.

24 February 2010. Retrieved 2010-09-28. The Bank has a network of over 6270 ATMs (as on 31st March. retail assets are around 57 per cent (Rs 28.aspx?scripcode=532215 ^ "Axis Bank to hire 4.63%. It is a growing revenue stream for the bank. The bank. it.500 employees this fiscal". since funding costs also are higher).bseindia. Financialexpress.000 crore. ^ "Axis Bank Launches 'AXIS CALL & PAY on atom'". Even over a longer period. ^ "UTI Bank to be called Axis Bank". In the case of Axis Bank. 2010). Rediff.800 crore in June 2006 to around 23 per cent of loan book of Rs. ^ a b http://www.com. one would have expected the net interest margins to have been under greater pressure. 2011). 409. ^ "Shikha named Axis Bank’s MD and CEO". this could have significant implications (not necessarily negative) for the overall future profitability of the business.com. 3. while they have declined from the 3. generally required for maintenance of their relatives. appears to have insulated such pressures. Retrieved 25 February 2010. Retrieved 2010-12-21. It is also listed in the top 100 most trusted brands of India in the Brand Trust Report [edit]Agri & Rural Banking Axis Bank one of the largest private sector financer in India for Agriculture loans wiz Retail Agri & Corporate Agri [edit]AxisRemit Online This is a convenient and secure portal for NRIs to remit money to India.41. The Bank has a very wide network of more than 1281 branches and Extension Counters (as on 31st December. For HDFC Bank. though. are still hovering close to the 3 per cent mark.280 crore (as of June 2007). retail loans have declined from 30 per cent of the total loan book of Rs 25.90 crores with the public holding (other than promoters and GDRs) at 53.com. With the high level of mid-corporate and wholesale corporate lending the bank has been doing. 2. The margins for ICICI Bank are lower despite its much larger share of the higher margin retail business. (The comparable margins for ICICI Bank and HDFC Bank are around 2. Hindu.s fake [edit]References 1. Retrieved 2010-12-21. 2009-04-21. Interest margins.00. with more and more NRIs registering to avail of the highly competitive exchange rates and convenient online facility. while the overall asset growth for Axis Bank has been quite high and has matched that of the other banks. 4. At the end of September 2010. The Bank today is capitalized to the extent of Rs. retail exposures grew at a slower pace. 5. the bank’s fundamentals are quite resilient.com/bseplus/StockReach/AdvanceStockReach.15 per cent seen in 2003-04. 2007-11-19.60 per cent and 4 per cent respectively.000 crore) of the total loans as of March 2007.Branch Network AXIS Bank The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has loans now (as of June 2007) account for as much as 70 per cent of the bank’s total loan book of Rs 2. If the sharp decline in the retail asset book in the past year in the case of Axis Bank is part of a deliberate business strategy. Despite the slower growth of the retail book over a period of time and the outright decline seen in the past year. [edit]External links   Official website Axis Bank Hong Kong .

 Axis Bank Services .

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