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Axis Bank was the first of the new private banks to have begun operations in 199
4, after the Government of India allowed new private banks to be established. Th
e 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) an
d General Insurance Corporation of India (GIC) and other four PSU insurance comp
anies, 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 31st December, 2010 is capitalized to the extent of Rs. 409.90 cr
ores with the public holding (other than promoters and GDRs) at 53.62%.
The Bank's Registered Office is at Ahmedabad and its Central Office is located a
t Mumbai. The Bank has a very wide network of more than 1281 branches (including
169 Service Branches/CPCs as on 31st December, 2010). The Bank has a network of
over 5303 ATMs (as on 31st December, 2010) providing 24 hrs a day banking conve
nience 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 excelle
Dr. Adarsh Kishore Chairman
Smt. Shikha Sharma Managing Director & CEO
Trade Services
Import Financing
We offer both Buyers Credit and Suppliers Credit. The financing is available in
all major currencies.
Export Financing
We offer the following facilities in both local and foreign currencies.
Pre-shipment Financing:
This facility is offered to an exporter by way of packing credit to enable him t
o finance purchase or import of raw materials, processing and packing of the goo
ds meant for exports.
Post-shipment Financing:
Post-shipment Credit is offered to an exporter to finance export sales receivabl
es after the date of shipment of goods till the date of realization of export pr
Negotiation or Discounting
Advances Against Collection Bills (AACB):
This offering is in the form of a loan provided to the exporter to bridge the wo
rking capital gap that exists before the export proceeds are realized. The rate
for this advance is the same as the post shipment rate for exports as prescribed
from time to time by RBI. Once the export proceeds are realized the loan is liq
Letter of Credit
Whether you are an exporter or an importer, Axis Bank offers a gamut of services
to meet all your Letter of Credit requirement including Opening, Negotiating or
Discounting, Advising, Confirming, Standby LC, Reimbursement and Foreign Exchan
ge services. In addition to our overseas branches we also have an extensive corr
espondent bank network. We also structure complex Letters of credit to suit spec
ific transaction requirements.
Advising Export Letters of Credit:
One of the key offerings of the Bank under exports is advising Export Letters of
Credits. These LCs are advised to the beneficiary most expeditiously and within
a committed time period.
Confirmations of Letters of Credit:
The bank also confirms letters of Credit for its customers. Once the bank has co
nfirmed a letter of Credit, it steps into the shoes of the Issuing Bank. It ther
efore has no recourse to the exporter, once it provides post shipment credit and
has recourse only to the issuing bank.
Bank Guarantees
We offer to issue various types of guarantees - performance, financial, bid bond
etc. Our guarantees are well accepted by government agencies Capital Market Age
ncies and all major corporates. Apart form the guarantees issued locally, our ov
erseas correspondent bank alliances also enable us to issue guarantees overseas
for participation in global tenders.
Collection Services
Axis Bank offers flexible and efficient handling of commercial and financial doc
uments for Imports, Exports as well as for local trade. We have in place an exte
nsive local branch network and correspondent banking arrangements to facilitate
the same.
Local Bills Collections:
Our wide network of branches spread across the country enables us to send and fo
llow up on your LC-backed as well as clean bills sent for collection.
International Bills Collections:
Our overseas branches coupled with a wide network of correspondent banks enable
us to offer efficient and prompt collections as regards imports, exports, bills
under LC and so on.
Trade Advisory Services
At Axis Bank we provide end-to-end customer solutions and customized products to
meet all your trade requirements.
Working Capital Finance
Axis Bank offers working capital finance by way of cash credit, overdraft or wor
king capital loans suitably structured to your needs and your risk profile as a
part of consortium or as a sole banker. These products are designed to ease the
liquidity position of the client and come with a number of other facilities such
as Internet Banking, Phone Banking etc.
why axis bank?
xis Bank prides itself as a young and vibrant organisation and recognises its em
ployees as its greatest assets. Consequently, the employee satisfaction level in
the Bank is, possibly, amongst the highest in the industry, and does not stem f
rom the compensation package alone.
Comprising of people drawn from different specialisation and divergent backgroun
ds, the employees merge into a highly homogeneous working group, catalysed by th
e informal and transparent HRD policies pursued by the Bank. In addition to an a
ttractive compensation structure, we also offer leased housing facilities, medic
al and health insurance and loan options.
The ideal address for achievers as well as those who love challenges, we offer o
pportunities in the following fields:
General and Branch Banking
Specialised Financial Services (Treasury, Credit, Merchant Banking, etc.)
Retail and Institutional Marketing
Information Technology