WHAT IS BABK>????

A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses.[citation needed] Due to their critical status within the financial system and the economy[citation needed] generally, banks are highly regulated in most countries. Most banks operate under a system known as fractional reserve banking where they hold only a small reserve of the funds deposited and lend out the rest for profit. They are generally subject to minimum capital requirements which are based on an international set of capital standards, known as the Basel Accords. The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472

Types of banks
Banks' activities can be divided into retail banking, dealing directly with individuals and small businesses; business banking, providing services to midmarket business; corporate banking, directed at large business entities; private banking, providing wealth management services to high net worth individuals and families; and investment banking, relating to activities on the financial markets. Most banks are profit-making, private enterprises. However, some are owned by government, or are non-profit organizations. [edit]Types of retail banks

National Bank of the Republic, Salt Lake City 1908

ATM Al-Rajhi Bank

National Copper Bank, Salt Lake City 1911

Commercial bank: the term used for a normal bank to distinguish it

from an investment bank. After the Great Depression, the U.S. Congress required that banks only engage in banking activities, whereas investment banks were limited to capital market activities. Since the two no longer have to be under separate ownership, some use the term "commercial bank" to refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses. Community banks: locally operated financial institutions that empower employees to make local decisions to serve their customers and the partners. Community development banks: regulated banks that provide financial services and credit to under-served markets or populations. Credit unions: not-for-profit cooperatives owned by the depositors and often offering rates more favorable than for-profit banks. Typically, membership is restricted to employees of a particular company, residents of a defined neighborhood, members of a certain labor union or religious organizations, and their immediate families. Postal savings banks: savings banks associated with national postal systems. Private banks: banks that manage the assets of high net worth individuals. Historically a minimum of USD 1 million was required to open an account, however, over the last years many private banks have lowered their entry hurdles to USD 250,000 for private investors.[citation needed] Offshore banks: banks located in jurisdictions with low taxation and regulation. Many offshore banks are essentially private banks. Savings bank: in Europe, savings banks took their roots in the 19th or sometimes even in the 18th century. Their original objective was to provide easily accessible savings products to all strata of the population. In some countries, savings banks were created on public initiative; in others, socially committed individuals created foundations to put in place the necessary infrastructure. Nowadays, European savings banks have kept their focus on retail banking: payments, savings products, credits and insurances for

individuals or small and medium-sized enterprises. Apart from this retail focus, they also differ from commercial banks by their broadly decentralized distribution network, providing local and regional outreachand by their socially responsible approach to business and society. Building societies and Landesbanks: institutions that conduct retail banking. Ethical banks: banks that prioritize the transparency of all operations and make only what they consider to be socially-responsible investments. A Direct or Internet-Only bank is a banking operation without any physical bank branches, conceived and implemented wholly with networked computers

servcees provided by banks

Main article: Bank A "commercial bank" is what is commonly referred to as simply a "bank". The term "commercial" is used to distinguish it from an "investment bank," a type of financial services entity which, instead of lending money directly to a business, helps businesses raise money from other firms in the form of bonds (debt) or stock (equity). [edit]Banking services The primary operations of banks include: Keeping money safe while also allowing withdrawals when needed Issuance of checkbooks so that bills can be paid and other kinds of payments can be delivered by post Provide personal loans, commercial loans, and mortgage loans (typically loans to purchase a home, property or business) Issuance of credit cards and processing of credit card transactions and billing Issuance of debit cards for use as a substitute for checks Allow financial transactions at branches or by using Automatic Teller Machines (ATMs)

Provide wire transfers of funds and Electronic fund transfers between banks Facilitation of standing orders and direct debits, so payments for bills can be made automatically Provide overdraft agreements for the temporary advancement of the Bank's own money to meet monthly spending commitments of a customer in their current account. Provide internet banking system to facilitate the customers to view and operate their respective accounts through internet. Provide Charge card advances of the Bank's own money for customers wishing to settle credit advances monthly. Provide a check guaranteed by the Bank itself and prepaid by the customer, such as a cashier's check or certified check. Notary service for financial and other documents Accepting the deposits from customer and provide the credit facilities to them. [edit]Other types of bank services Private banking - Private banks provide banking services exclusively to high net worth individuals. Many financial services firms require a person or family to have a certain minimum net worth to qualify for private banking services.[3] Private banks often provide more personal services, such as wealth management and tax planning, than normal retail banks.[4] Capital market bank - bank that underwrite debt and equity, assist company deals (advisory services, underwriting and advisory fees), and restructure debt into structured finance products. Bank cards - include both credit cards and debit cards. Bank Of America is the largest issuer of bank cards.[citation needed] Credit card machine services and networks - Companies which provide credit card machine and payment networks call themselves "merchant card providers". [edit]Foreign exchange services

Foreign exchange services are provided by many banks around the world. Foreign exchange services include: Currency exchange - where clients can purchase and sell foreign currency

banknotes. Foreign Currency Banking - banking transactions are done in foreign currency. Wire transfer - where clients can send funds to international banks abroad. [edit]Investment services

Asset management - the term usually given to describe companies which run collective investment funds. Also refers to services provided by others, generally registered with the Securities and Exchange Commission as Registered Investment Advisors. Hedge fund management - Hedge funds often employ the services of "prime brokerage" divisions at major investment banks to execute their trades. Custody services - the safe-keeping and processing of the world's securities trades and servicing the associated portfolios. Assets under custody in the world are approximately US$100 trillion.[5] [edit]Insurance

Main article: Insurance Insurance brokerage - Insurance brokers shop for insurance (generally corporate property and casualty insurance) on behalf of customers. Recently a number of websites have been created to give consumers basic price comparisons for services such as insurance, causing controversy within the industry.[6] Insurance underwriting - Personal lines insurance underwriters actually underwrite insurance for individuals, a service still offered primarily through agents, insurance brokers, and stock brokers. Underwriters may also offer similar commercial lines of coverage for businesses. Activities include insurance and annuities, life insurance, retirement insurance, health insurance, and property & casualty insurance. Reinsurance - Reinsurance is insurance sold to insurers themselves, to protect them from catastrophic losses. [edit]Other financial services

Intermediation or advisory services - These services involve stock brokers

(private client services) and discount brokers. Stock brokers assist investors in buying or selling shares. Primarily internet-based companies are often referred to as discount brokerages, although many now have branch offices to assist clients. These brokerages primarily target individual investors. Full service and private client firms primarily assist and execute trades for clients with large amounts of capital to invest, such as large companies, wealthy individuals, and investment management funds. Private equity - Private equity funds are typically closed-end funds, which usually take controlling equity stakes in businesses that are either private, or taken private once acquired. Private equity funds often use leveraged buyouts (LBOs) to acquire the firms in which they invest. The most successful private equity funds can generate returns significantly higher than provided by the equity markets Venture capital is a type of private equity capital typically provided by professional, outside investors to new, high-potential-growth companies in the interest of taking the company to an IPO or trade sale of the business. Angel investment - An angel investor or angel (known as a business angel or informal investor in Europe), is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. A small but increasing number of angel investors organize themselves into angel groups or angel networks to share research and pool their investment capital. Conglomerates - A financial services conglomerate is a financial services firm that is active in more than one sector of the financial services market e.g. life insurance, general insurance, health insurance, asset management, retail banking, wholesale banking, investment banking, etc. A key rationale for the existence of such businesses is the existence of diversification benefits that are present when different types of businesses are aggregated i.e. bad things don't always happen at the same time. As a consequence, economic capital for a conglomerate is usually substantially less than economic capital is for the sum of its parts. Debt resolution is a consumer service that assists individuals that have too much debt to pay off as requested, but do not want to file bankruptcy and wish to pay off their debts owed. This debt can be accrued in various ways including but not limited to personal loans, credit cards or in some cases merchant accounts. There are many services/companies that can assist with this. These can include debt consolidation, debt settlement and refinancing.

AXIS BANK
The Bank's Registered Office is situated in Ahmedabad and its Central Office is located at Mumbai. The Bank has an extensive network of more than 1600 branches (including 169 Service Branches/CPCs as on 31st March, 2012). The Bank has a network of over 10000 ATMs (as on 31st March, 2012)[3] Axis Bank operates one of the worlds highest ATM sites at Thegu, Sikkim (at a height of 13,200 feet above sea level) and has the largest ATM network among private banks in India. [4] [edit]Business Focus Axis Bank operates in four segments: treasury operation, retail banking, corporate/wholesale banking, and other banking business.[5] [edit]Treasury Operations The Banks treasury operation services 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. [6] [edit]Retail Banking

In the retail banking category, the bank offers services such as lending to individuals/small businesses subject to the orientation, product and granularity criterion, along with liability products, card services, Internet banking, automated teller machines (ATM ) services, depository, financial advisory services, and nonresident Indian (NRI) services. [7] [edit]Corporate/Wholesale Banking The Bank offers to corporate and other organizations services including corporate relationships not included under retail banking, corporate advisory services, placements and syndication, management of public issues, project appraisals, capital market related services and cash management services [8] [edit]International Branches

[9] Singapore Hong Kong Dubai Shanghai Abu Dhabi Colombo [10]

[edit]Products

Savings Account Easy Access Savings Account Prime Savings Account Corporate Salary Account Defense Salary Account Current Account Business Prime Business Advantage Current Account Business Select Cur rent Account Business Classic Cur rent Account Business Global Cur rent Account Business Priority Business Privilege Current Account Channel One Cur rent Account Business Wealth CLUB 50 Cur rent Account Salary Account

[edit]Investment Product

[11] Gold and Silver Mohur Mutual Funds Life Insurance General Insurance [edit]Gold And Silver Mohur Certified Gold and Silver bars [12] [13] [edit]Mutual Funds [14] Axis Bank offers options from 12mutual fund companies. [edit]Life Insurance [15] Axis Bank has a corporate agency agreement with Max New York Life , one of the most reputed Life Insurance companies in India. [edit]General Insurance [16] Axis Bank has a Corporate Agency partnership with Bajaj Allianz General Insurance Company to distribute General Insurance products. The various General Insurance products available for sale at Axis Bank branches are: Health Insurance Motor Insurance Jewellery Insurance

Personal Accident Cover Home Insurance Travel Insurance Critical Illness Business Advantage [edit]Loans [17] Home Loans Car Loans Personal Loans Loans Against Property Loans Against Share Loans Against Securities [edit]Cards [18] Titanium Smart Traveler Credit Cards Platinum Advantage Credit Card Visa Signature Credit Card Visa Infinite Credit Card [edit]Titanium Rewards Card An upgrade for mass and prime Debit Card customers.

[edit]Prepaid Cards MyMoney Card Gift Cards [edit]MyMoney Card A prepaid card for parents to disburse pocket money and monthly expenditure to kids [19] [edit]Gift Card [edit]Agri Business Loans [20] Kisan Power Power Gold Arthia Power Agro Power [edit]Kisan power Kisan Power aims at providing adequate and timely credit to farmers for various needs. It gives farmers the flexibility to choose between cash ,credit and term loans with friendly repayment terms. Loan tenure is fixed by allowing reasonable period for marketing the agricultural produce after harvest of the crop, subject to maximum of 1 year in case of cash or credit, and 7 years for term loans. [21] [edit]Power Gold

Power Gold gives easy loans up to 15, 00,000 to individuals engaged in agriculture or allied activities, against the pledge of Gold ornaments.[22] [edit]Arthia Power Arthia Power is a loan facility to local Arthias .[23] [edit]Foreign Exchange [24] Travel Card Outward Remittances Foreign Currency Demand Drafts Foreign Currency Cash Foreign Currency Travelers Cheques India Travel Card [edit]Travel Card Axis Bank became the first bank in the world to cross USD 2 billion in loading on such cards in December 2011. [25] [edit]Outward Remittances Foreign Currency Demand Drafts Foreign Currency Cash Foreign Currency Travelers Cheque India Travel Card [edit]Inward Remittances

AXISREMIT Online AXISREMIT Direct Money Transfer Operators -(Money Gram, Easy Remit, Express Money) Wire Transfers [edit]Axis Remit Online Our online money transfer service helps NRIs from 8 geographies (USA,UK, Canada, Euro Zone , Australia,Singapore, Hong Kong and UAE) remit money to India in a safe and convenient manner. Salient Features Superior Exchange Rates Zero Transaction Charges Remittance to over 1400 Axis Bank branches and 77000 other bank branches Online tracking of your funds Reliable Customer Service for any queries [edit]Axis Remit Direct This is a quick and easy way to remit money back home through our partner Exchange Houses in the Middle East. Salient Features Available to everyone Axis Bank customers and non-Axis Bank customers Instant credits to accounts held with Axis Bank in India Credit within 24 hours to over 72000 non-Axis Bank branches Real-time alerts via email / SMS [26]

[edit]Money Transfer Operators Allows the customer to send money from across 191 countries to beneficiaries in India. [27][28][29]

[edit]Wire Transfers This facility to transfer funds to Axis Bank Nostroaccount in these currencies [30] Maybank, Malaysia and Bank AlBilad,Saudi Arabia are our main partners for this. Online Trading [edit]Axis Direct 3-IN-1 online Trading Account Through Axis Direct 3-in-1 online trading account, Savings and Demat accounts are offered by Axis Bank while the trading account is held with Axis Securities and Sales Ltd.