Professional Documents
Culture Documents
Project On
“The Axis Bank Pvt. LTD”
Submitted By
VINAY JOSHI
20MGT2BBA0218
BBA VI Semester
Batch 2022-23
Guided By HOD
CERTIFICATE
Guided by HOD
External
College Stamp
ACKNOWLEDGEMENT
Submitted By
Vinay Joshi
20MGT2BBA0218
DECLARATION
SR.NO CONTENTS
1 INTRODUCTION
2 COMPANY PROFILE
3 COMPANY HISTORY
4 PRODUCT PROFILE
7 RESEARCH METHODOLOGY
• PRIMARY DATA
• SECONDARY DATA
9 SWOT ANALYSIS
10 FINDINGS
11 CONCLUSIONS
12 BIBLIOGRAPHY
1. INTRODUCTION
❖ Public sector banks are those where majority of the stake in the bank is
held by Government. Where as in private sector bank, majority is held
by shareholders of the bank.
Type Private
Axis Bank is the third largest private sector bank in India. The Bank
offers the entire spectrum of financial services to customer segments covering
Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
Axis Bank is one of the first new generation private sector banks to have
begun operations in 1994. The Bank was promoted in 1993, jointly by
Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit
Trust of India), Life Insurance Corporation of India (LIC), General Insurance
Corporation of India (GIC), National Insurance Company Ltd., The New India
Assurance Company Ltd., The Oriental Insurance Company Ltd. and
United India Insurance Company Ltd. The shareholding of Unit Trust of
India was subsequently transferred to SUUTI, an entity established in 2003.
MANAGEMENT OF AXIS BANK
Promoters:
Axis Bank Ltd. has been promoted by the largest and the
best Financial Institution of the country, UTI. The Bank was set up with a
capital of Rs. 115 crore, with UTI contributing Rs. 100 Crore, LIC - Rs. 7.5
Crore and GIC and its four subsidiaries contributing Rs. 1.5 Crore each SUUTI -
Shareholding 27.02%Erstwhile Unit Trust of India was set up as a body
corporate under the UTI Act, 1963, with a view to encourage savings and
investment. In December 2002, the UTI Act, 1963 was repealed with the
passage of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002
by the Parliament, paving the way for the bifurcation of UTI into 2 entities,
UTI-I and UTI-II with effect from 1st February 2003.
3. Axis Bank has been awarded the title of Super brand 2014-2015, by
2015.
Green Banking
The recycling initiative under the green banking banner has helped the bank
productively use around 21572 kilograms of dry waste during the year. The
axis bank’s corporate office in Mumbai is designed and constructed as
platinum LEED certified green banking.
3. COMPANY HISTORY
Axis Bank began its operations in 1994, after the government of India allowed
new private banks to be established. The bank was promoted in 1993 jointly
by the administrator of the unit trust of India (uti-1). Life Insurance
Corporation of India (LIC), General Insurance Corporation Ltd, National
Insurance Company Ltd, the new India Assurance Company, The Oriental
Insurance Corporation and united in the Indian capital market and has
promoted, any leading financial institutions India insurance company. The
unit trust of India holds a special position in the country.
Axis bank (erstwhile UTI bank) opened its registered office in Ahmadabad and
corporate office in Mumbai in December 1993. The first branch was
inaugurated on 2nd April 1994 in Ahmadabad by Dr. Manamohan Singh, the
finance minister of India.
In 2001 UTI bank agreed to merge with and amalgamate Global Trust Bank,
but the reserve bank of India (RBI) withheld approval and nothing came of
this. In 2004 the RBI put Global Trust into moratorium and supervised its
merger into oriental bank of commerce.
UTI bank opened its first overseas branch in 2006 Singapore. That same year
it opened a representative office in shanghai, china.
has a branch in London. In 2014, Axis bank upgraded its representative office
in shanghai to a branch.
1994-1997
1998-2000
1. Successfully completes its IPO in 1998 and gets itself listed on NSE and BSE
2006-2008
6. Axis Bank launches Platinum Credit Card, India's first EMV chip based card.
2010-2012
3. Axis Bank has launches pre-paid VISA card i.e. MY MONEY CARD.
2013
1. Axis Bank launches unique product ‘Empower Home Loans’ for self-
employed.
2. Axis Bank launches new and improved 'Senior Privilege Savings Account'.
3. Axis Bank launches ‘Axis Bank- ISIC Forex Card’ for Students.
2014
1. Axis Bank, the first Indian Private sector bank to set up a branch in China.
4. Axis Bank opens its first 'All Women Branch' at Patna, Bihar.
2015
2. Axis Bank, Suvidha Infoserve join to introduce pre-paid card Launch of the
Display variant Debit Card for its NRE customers.
3. Offer electronic signature facility to its customers Axis Bank and Vistara
join hands to introduce cobranded credit card.
•
Saving Account.
•
Current Accounts.
•
Salary Accounts.
2. Deposits-
• Fixed Deposit.
• Tax Saver Fixed Deposit.
• Fixed Deposit Plus.
• Recurring Deposit.
3. Loans-
•
Home Loan.
•
Personal Loan.
•
Car Loan.
•
Gold Loan.
•
Loan Against Securities.
•
Loan Against Property.
•
Loan Against Fixed Deposit.
•
Commercial Vehicle Loan.
4. Cards-
•
Credit Cards.
•
Debit Cards. • Prepaid Cards.
5. Investment-
•
Gold
•
Silver
•
Mutual Funds.
•
Demit Accounts.
•
8% Saving Bonds.
•
IPO Smart.
•
Public Provident Fund.
•
Alternate Investment Products.
6. Insurance-
• Life Insurance.
• Health Insurance • Home Insurance.
• Travel Insurance.
• Motor Insurance.
• Business Guard.
• Pradhan Mantri Suraksha Bima Yojana.
• Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana. • About Our Insurance
Partnership.
Balance Enquiry.
Cash Withdrawal.
PIN Change.
Mini Statement.
5. OBJECTIVES OF STUDY
6. SCOPE OF STUDY
Data Source
For this project both primary and secondary data were valuable sources
of information.
▪ Primary Data
▪ Secondary Data
Primary Data:
Secondary Data:
Secondary data is data gathered from studies,
surveys, or experiments that have been run by other people or for other
research.
ORGNISATION STRUCTURE
Name Designation
Manoj Kulkarni Branch Head
Sheakhar Kulkarni Operation Head
Rupesh Bhavsar Business Sales Manager
Aamey Kulkarni Assistant Manager (Retail
Banking & Operation)
FINANCE DEPARTMENT
In this modern era it is very easy to know how much important
the finance is in the business. As current position of the market is totally
different from ancient, where it was very easy to get the finance. But now a
days it is not so, it is very difficult task to raise funds from market. As today
people are facing lot of problem and have less confidence on the market so it
is difficult to raise fund without proper planning. For the bank as it is a
Financial Institution we can consider finance as lifeblood of this business. The
company should manage to get sufficient finance. The company should use to
keep proper planning for the finance of its own and also of the large no. of
depositors who are there with the bank. We can define financial management
as a task of acquisition and utilization of funds needed in the business in a
manner so that organizations goal can be achieved. In AXIS Bank, its chief
Financial Officer and Treasurer manage the finance. Due to proper policies
and separate management the company can have proper operation of finance.
Investment Banking
Investment banking is a financial institution that assists corporations and
governments in raising capital by underwriting and acting as the agent in the
issuance of security.
Unlike commercial banks and retail banks, investment banks do not take
deposits.
Profit & Loss account of Axis Bank 2021-2022
INCOME
Interest / Discount on Advances /
34,909.73 33,694.64
30,410.19 26,083.99
26,083.99
Bills
Income from Investments 10,019.98
9,674.97 9,425.85 9,145.42 9,145.42
Interest on Balance with RBI and
391.06 505.79 296.25 232.02 232.02
Other Inter-Bank funds
Others 1,293.29 1,299.69 1,276.95 266.03 266.03
Total Interest Earned 46,614.06 45,175.09 41,409.25 35,727.46 35,727.46
Other Income 11,862.62 12,421.60 9,954.98 8,838.11 8,838.11
Total Income 58,476.67 57,596.70 51,364.23 44,565.57
EXPENDITURE 44,565.57
Interest Expended 27,603.69
Payments to and Provisions for 26,789.35
Employees 24,344.23
21,341.26 21,341.26 5,414.44 4,742.10
4,019.34 3,615.69 3,615.69
Depreciation 590.58 526.67 461.39 419.64 419.64
Operating Expenses (excludes
8,783.34 7,456.86 6,130.64 5,574.59 5,574.59
Employee Cost & Depreciation)
Total Operating Expenses 14,788.36 12,725.63 10,611.37 9,609.93 9,609.93
Provision Towards Income Tax 1,951.55 5,188.84 4,406.18 3,897.93 3,897.93
-
-3,202.06 -73.80 -153.17 -153.17
Provision Towards Deferred Tax 18,469.69
Provision Towards Other Taxes 0.00 0.00 -0.05 0.93 0.93
Other Provisions and Contingencies
32,138.73 12,127.91 3,718.71 2,420.21 2,420.21
APPROPRIATIONS
Transfer To / From Statutory
919.82 2,055.92 1,839.46 1,839.46
34.81 23.90 14.37 14.37
755.57 62.04 63.14 63.14
ASSETS
Cash and Balances with Reserve Bank of
India 35,481.06 30,857.95 22,361.16 19,818.84 19,818.84
Balances with Banks Money at Call and
8,429.75 20,108.17 11,341.65 16,673.25 16,673.25
Short Notice
Investments 153,036.71 129,018.35 121,880.78 133,319.24 133,319.24
Advances 449,843.65 381,080.26 344,663.32 284,448.65 284,448.65
Fixed Assets 4,048.82 3,810.23 3,573.76 2,551.90 2,551.90
Other Assets 52,863.38 46,587.05 28,212.54 10,431.08 10,431.08
Total Assets 703,703.37 611,462.01 532,033.21 467,242.97 467,242.97
CONTINGENT LIABILITIES, COMMITMENTS
Bills for Collection 81,980.13 81,055.36 80,764.78 80,592.46 49,008.69
Contingent Liabilities 706,725.24 673,136.35 589,326.23 559,750.51 591,334.29
Mar '22 Mar '21 Mar '20 Mar '19 Mar '18
Net Cash (used in)/from Financing Activities 50400.78 -4628.87 18671.58 28846.00 5490.15
Net (decrease)/increase In Cash and -2773.59 7860.34
-6801.29 Cash Equivalents 16930.74 7803.73
Opening Cash & Cash Equivalents 50256.18 33325.44 36099.03 28238.69 20434.96
Closing Cash & Cash Equivalents 43454.89 50256.18 33325.44 36099.03 28238.69
• Above balance-sheet shows that the liability of the bank in last five
years.
• This is indicating the growth of the private banking sectoer is very fast.
• Net worth of the axis is increasing every year in last five years.
• The banking is improving themselves as well as their sector also.
• There is some positive amount of NET CURRENT ASSETS.
9. SWOT ANALYSIS
This analysis use to study the strength, weaknesses, opportunities and threats
of axis bank. This analysis is helpful to the bank to understand the favourable
factors for the bank.
STRENGTH:
OPPORTUNITIES:
• It was found that the working nature of the axis bank is under
discipline, the employee of the bank follows all the rules and
regulations of the bank, employee starts the work on exact time when
the bank is open till the closing time of the bank.
• It was also found that the axis banks functions helps to the all the
customer for the future growth of the bank.
• It was found that Axis bank always helps to the all customer or account
holder of the bank, they always shown all the facilities to the customer.
Debit card, credit card, cheque book facilities, easy loan, and 24 hrs
ATM facilities.
• It was found that Axis bank is growing in very large scale; multiple
branches are opening in various places.
11. CONCLUSION
Axis bank has developed many fold is short period of time due to facilities and
service provide to their customer and this growth rate can be keep it up. In
last couple of years they have open new branches and they should open many
more the working staffs are very co-operative in nature and due to that the
bank will also get good benefit axis bank has provided their customer net
banking facilities and due to that transactions are done fast charges at axis
bank are on lower side when we compare it with others bank.
• Axis bank has differentiated itself very well on the bases of high level
service and product quality.
• They have successfully implemented the change and due to this their
market share is increased only despite of tough competition prevails.
• In this study I found that the bond of axis bank with it is customer is
very strong because axis bank mainly focuses on retailing their
customer.
• This study finds that however axis bank is not the leading private
sector bank but it is waste range of products and availability and
opens of options make it one of the better banks of India.
12. BIBLIOGRAPHY
www.axisbank.com www.moneycontrol.com/company-management
www.bankifsccode.com/AXIS-BANK