Axis Bank

basic info

http://www.axisbank.com24 Years Old
Mumbai, Maharastra, IndiaBanking
10000+ EmployeesPublic company

Axis Bank impact

2402
Branches and extension counters
12922
ATMs
29
Average age of an Axis Bank employee

about Axis Bank

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

The Bank has a large footprint of 2402 domestic branches (including extension counters) and 12,922 ATMs spread across the country as on 31st March 2014. The overseas operations of the Bank are spread over its seven international offices with branches at Singapore, Hong Kong, DIFC (Dubai International Financial Centre), Colombo and Shanghai and representative offices at Dubai and Abu Dhabi. During the year, the Bank has upgraded its representative office in Shanghai, China to a branch to become the first Indian private sector bank to set up a branch in China. During the year, the Bank’s overseas subsidiary namely Axis Bank UK Ltd. commenced banking operations.

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.

With a balance sheet size of Rs.3,83,245 crores as on 31st March 2014, Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2010-14) of 21% in Total Assets, 19% in Total Deposits, 23% in Total Advances and 28% in Net Profit. credits: en.wikipedia.org

vision

To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology credits: www.axisbank.com

Axis Bank story

Nov-1993
The Start
Opened its registered office in Ahmedabad and corporate office in Mumbai.It was formerly called UTI Bank. credits: en.wikipedia.org
Nov-2000
Agreed to merge with and amalgamate Global Trust 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. credits: en.wikipedia.org
Nov-2000
Deposits base crosses Rs.10,000 crores
Deposits base crosses Rs.10,000 crores in 2001 credits: www.axisbank.com
Nov-2001
Launched internet banking facility for corporate customers
Launched Corporate iConnect - the internet banking facility for corporate customers credits: www.axisbank.com
Nov-2004
Launched mobile refill facility for all Visa card holders
The Bank and Visa International launched mobile refill facility for all Visa card holders in India credits: www.axisbank.com
Nov-2005
Opened its first overseas branch
Opened its first overseas branch in Singapore. That same year it opened a representative office in Shanghai, China. credits: en.wikipedia.org
Nov-2005
Sets up Axis Bank Foundation
Set up the trust and supports supplementary education. Axis Bank contributes up to 1 percent of its net profit annually to various social initiatives undertaken by this foundation credits: en.wikipedia.org
Nov-2007
Launched Platinum Credit Card
India's first EMV chip based card- Platinum Credit Card was launched credits: www.axisbank.com
Oct-2010
Buys Enam for Rs 2,067cr
The deal, under which 5.7 shares of the bank were exchanged for each share of Enam, valued the domestic financial services major at Rs 8,333 per share credits: timesofindia.indiatimes.com
Oct-2011
Opened a branch in Colombo
Opened a branch in Colombo, as a Licensed Commercial Bank supervised by the Central Bank of Sri Lanka. credits: en.wikipedia.org
Nov-2011
Sets up SME centres across country
Sets up 6 SME centres and SME cells each across the country, taking the total number to 32 SME Centres. credits: www.axisbank.com
Nov-2011
Awarded Bank of the Year at the Money Today
Awarded Bank of the Year at the Money Today FPCIL Awards 2012-13 credits: www.axisbank.com
Nov-2011
Installed highest number of EDC machines in India
Reached 2 lakh installed EDC machines – the highest for any bank in India credits: www.axisbank.com
Nov-2012
Launched 'eKYC' (electronic Know your customer) facility
Partnered with Visa to launch 'eKYC' (electronic Know your customer) facility, first organization in India to introduce Biometrics based KYC, offering convenience, speed and ease to Aadhaar-registered individuals to open bank accounts credits: en.wikipedia.org
Nov-2012
Awarded Best Financial Website
Awarded Best Financial Website by India Digital awards credits: www.axisbank.com
Nov-2012
Voted as Most Trusted Private Sector Bank
Voted for Most Trusted Private Sector Bank in the country in the Most Trusted Brands survey 2013 by Brand Equity. credits: www.axisbank.com
Nov-2012
Commenced banking operations in UK
Axis Bank's subsidiary, Axis Bank UK commenced banking operations. Axis Bank UK has a branch in London. credits: en.wikipedia.org
Nov-2013
Launched Mobile Banking App
Launched Mobile Banking App for its retail resident Indian customers the first of its kind in India, which offers a high level of personalization . The App has been launched in partnership with Tagit, a leading Singapore mobile solutions company. The new application uses Tagit's mobility solution platform that enables Banking on-the-go. credits: en.wikipedia.org
Nov-2013
Launched Axis Bank - ISIC Forex Card
Axis Bank - ISIC Forex Card for students, is the first photo Travel Currency Card available in USD, Euro, GBP and AUD currencies. It can be used across 34 million merchant locations and at over 2 million MasterCard ATMs globally credits: en.wikipedia.org

Axis Bank products & services

Treasury operations

The Bank’s 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 credits: en.wikipedia.org

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 Non-resident Indian (NRI) services. credits: en.wikipedia.org

Corporate/wholesale banking

The Bank offers to corporate and other organisations services including corporate relationship 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. credits: en.wikipedia.org

NRI services

Products and services for NRIs that facilitate investments in India. credits: en.wikipedia.org

Business banking

The Bank accepts income and other direct taxes through its 214 authorised branches at 137 locations and central excise and service taxes (including e-Payments) through 56 authorised branches at 14 locations. credits: en.wikipedia.org

Investment banking

Bank’s Investment Banking business comprises activities related to Equity Capital Markets, Mergers and Acquisitions and Private Equity Advisory. The bank is a SEBI-registered Category I Merchant Banker and has been active in advising Indian companies in raising equity through IPOs, QIPs, and Rights issues etc. credits: en.wikipedia.org

Lending to small and medium enterprises

Axis Bank SME business is segmented in three groups: Small Enterprises, Medium Enterprises and Supply Chain Finance. Under the Small Business Group a subgroup for financing micro enterprises is also set up. credits: en.wikipedia.org

Agriculture banking

759 branches of the Bank provide banking services, including agricultural loans, to farmers. credits: en.wikipedia.org

Advisory Services

It have been developed to advise public and private sector clients on capital structuring and funding options with a view to help the clients to help them reduce the cost of funds. credits: en.wikipedia.org

Ping Pay

It is a multi-social payment solution that let customers to transfer funds using their smart phones to both Axis Bank accounts and other banks' account holders. credits: en.wikipedia.org

Axis Bank team

Executive Director

V Srinivasan

Past: Managing Director and Head of Markets-J. P. Morgan, RBI, Fixed Income Money Market and Derivatives Association of India (FIMMDA)Education : MBA-IIM C, B.E-Anna UniversityLocation: Mumbai
Executive Director (Corporate Centre) & Chief Financial Officer

Sanjeev K Gupta

Past:Education : MBA- Faculty of Management Studies, M.Com -University of RajasthanLocation: Mumbai
Managing Director and Chief Executive Officer

Shikha Sharma

Past: Managing Director & CEO-ICICIEducation : PGD-National Centre for Software Technology, MBA- IIM A, BA- Lady Shri Ram College for WomenLocation: Mumbai
Chairman

Sanjiv Misra

Past: Secretary- Ministry of Finance, Government of India, Member-Committee on Fiscal ConsolidationEducation : PhD-Jawaharlal Nehru University, MS- Harvard Kennedy School, MA- Delhi School of EconomicsLocation: Mumbai
Director

K. N. Prithviraj

Past: Chairman and Managing Director-Oriental Bank of Commerce, United Bank of India, Punjab National BankEducation : MA- Madras UniversityLocation: Mumbai
Director

V. R. Kaundinya

Past: Managing Director and CEO- Advanta Ltd, ABLE, Association of Seed Industry (ASI), Crop Life India, Managing Director- Cyanamid India, Hoechst IndiaEducation : MBA- IIM ALocation: Mumbai

Axis Bank office photos

Mumbai Office

( 5 photos )

Axis Bank office locations

Mumbai Office
Axis Bank Limited, Corporate Office, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400 025
Mumbai
400 025

Ahmedabad Office
Axis Bank Limited, "TRISHUL", Third Floor, Opp. Samartheshwar Temple, Nr. Law Garden, Ellisbridge, Ahmedabad - 380 006
Ahmedabad
380 006

Axis Bank amusing facts

The recycling initiative under the Green Banking banner by Axis Bank has helped the bank productively use around 21572 kilograms of dry waste during the year 2012-13 credits: en.wikipedia.org
    1. 1
      The recycling initiative under the Green Banking banner by Axis Bank has helped the bank productively use around 21572 kilograms of dry waste during the year 2012-13 credits: en.wikipedia.org
    2. 2
      The Axis Bank's corporate office in Mumbai is designed and constructed as a Platinum LEED-Certified Green Building credits: en.wikipedia.org
    3. 3
      Axis Bank has the largest ATM network among private banks in India and it operates an ATM at one of the world’s highest sites at Thegu, Sikkim at a height of 4,023 meters (13,200 ft) above sea level. credits: en.wikipedia.org
    4. 4
      The bank was the first private sector bank to get a license under the new guidelines issued by the RBI credits: www.moneycontrol.com
    5. 5
      It became the first Indian Private sector bank to set up a branch in China in 2014. credits: www.moneycontrol.com
    6. 6
      It became the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market in 2006 credits: www.moneycontrol.com
    7. 7
      It became the first Bank in the world to reach $2 billion loading on prepaid Travel CurrencyCards in 2012 credits: en.wikipedia.org

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