Axis Bank
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About Axis Bank
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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. The Bank has a large footprint of 4,050 domestic branches (including extension counters) with 11,801 ATMs & 4,917 cash recyclers spread across the country as on 31st March, 2019. The overseas operations of the Bank are spread over nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.8/5 based on 25.3k reviews | 4.0/5 based on 38k reviews | 3.9/5 based on 39.2k reviews | 3.8/5 based on 3.8k reviews |
Highly Rated for | No highly rated category | Job security Skill development Company culture | Job security Skill development | Job security Salary |
Critically Rated for | Promotions | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Work from office 80% employees reported | Work from office 92% employees reported | Work from office 84% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 3.6 Good rated by 5.4k women | 3.9 Good rated by 10k women | 3.7 Good rated by 8.1k women | 3.8 Good rated by 814 women |
Rating by Men Employees | 3.8 Good rated by 18.7k men | 4.0 Good rated by 26.2k men | 3.9 Good rated by 29.1k men | 3.8 Good rated by 2.7k men |
Job security | 3.7 Good | 4.1 Good | 4.0 Good | 4.1 Good |
Axis Bank Salaries
Deputy Manager
Relationship Officer
Sales Manager
Sales Officer
Assistant Vice President
Relationship Manager
Sales Executive
Branch Head
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Credit Manager
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Axis Bank News
Nifty 50 Top Gainers And Losers On Feb. 14: Sun Pharma, Bharat Electronics To ICICI Bank, Infosys
- Nifty 50 and BSE Sensex declined on Feb. 14, extending losses for eight consecutive days.
- Sun Pharma, Bharat Electronics, Larsen & Toubro, Adani Ports, and Axis Bank were the top losers among Nifty 50 stocks.
- ICICI Bank, Infosys, Tata Consultancy Services, HCL Technologies, and Nestle India were among the top gainers.
- Despite positive developments, the Indian equity market has not seen a significant rally.
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ICICI To Axis Bank: Best FD Rates For Senior Citizens — Check Details Here
- The highest interest rate offering over the one-year period comes from Yes Bank as they offer 7.75% interest for senior citizens.
- In the three-year category, the highest interest offered is 7.65% which is offered by both Kotak Mahindra Bank and Bank of Baroda.
- In the five-year period, the highest offering of 7.60% interest comes from Axis Bank and Kotak Mahindra Bank.
- Fixed deposit rates vary across banks and also depend on the amounts and lock-in periods.
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Zetwerk readying draft IPO papers, may aim to raise $400-500 million
- India's manufacturing start-up, Zetwerk, is preparing to file draft IPO papers aiming to raise $400-500m along with a small secondary component.
- The start-up company has appointed Axis Bank, Goldman Sachs, and Kotak Mahindra as bankers for the issue.
- Zetwerk has a valuation of $3bn and is targeting an exceeded valuation of $5bn as it doubles down on in-house manufacturing capabilities.
- There is an IPO wave in business-to-business segments with Infra.Market and OfBusiness moving towards filing their IPO applications with the market regulator Sebi.
- Zetwerk is onboarding large international clients while streaming to grow its production operations.
- Zetwerk recently scored a $100m-plus order from a large European multinational while working with one of the top consumer electronics firms for its India business.
- Zetwerk reported operating revenue of Rs 14,436 crore for FY24 and has a loss of Rs 470 crore due to its exit from the textile and apparel sector.
- Zetwerk is working towards building a more sustainable and profitable business over the long term.
- Ahead of the IPO, Zetwerk is in the process of closing a $100m pre-IPO funding round, with $70m already secured from Silicon Valley-based Khosla Ventures, UK investment firm Baillie Gifford, and others.
- Zetwerk has raised $768m so far, and its existing investors include Peak XV Partners, Accel, Lightspeed Venture Partners, Greenoaks, and Avenir Growth Capital.
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RediffPay will roll out in Q4 of current fiscal: CMD Infibeam Avenues
- Infibeam Avenues plans to roll out RediffPay in Q4 of the current fiscal year, as it aims to enter the consumer-facing digital payments sector.
- RediffPay, enabled by Infibeam's TPAP license, will offer Unified Payments Interface (UPI) services and leverage Rediff's web traffic for digital transactions.
- Axis Bank will act as the Payment System Provider (PSP) bank for RediffPay.
- In addition to digital payments, Infibeam Avenues also plans to launch RediffOne, an enterprise software suite, in Q1 of the next financial year.
ChrysCapital, others in talks to take Dhan to unicorn club with $100-150 million funding
- Stock market investment and trading platform Dhan is in talks with PE fund ChrysCapital for a fresh funding round that could take its valuation to over $1 billion from $125 million.
- ChrysCapital has already issued a term sheet to Dhan that competes with IPO-bound Groww and Zerodha.
- Fresh funding would add to the Mumbai-based firm’s current cash reserves of $100 million and help it diversify it into other financial services businesses, sources said.
- Two other US investors have also submitted their bids and funding estimated around $100-150 million is expected to be finalized in 30-45 days.
- Once finalized, the funding would potentially make Dhan India’s first unicorn of 2025, marking n nine-to-ten-fold jump in its valuation.
- Started in 2021 by Pravin Jadhav, founding CEO of Paytm Money, Dhan is among the fastest-growing trading startups.
- Jadhav and cofounders Jay Prakash Gupta and Alok Pandey together own 65% stake in the four-year-old company.
- ChrysCapital, which has stepped up investments in technology-led new-age firms, previously invested in Axis Bank, Yes Bank, and Federal Bank, among others.
- Dhan is generating significant profits every month, adding to its cash reserves, which explains the significant spike in valuation in the current discussions, sources said.
- Dhan added over 58,000 traders each in August and September, and another 50,000 in October, trailing only Groww, Zerodha, Angel One, and Ind Money in new user additions.
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Infibeam Subsidiary Rediff Gets TPAP Licence From NPCI
- Infibeam Avenues' subsidiary Rediff has obtained a TPAP licence from NPCI for RediffPay, its digital payment platform.
- The TPAP licence allows RediffPay to offer Unified Payments Interface (UPI) services to its users.
- Axis Bank will act as the PSP bank for RediffPay.
- RediffPay plans to provide secure digital transactions and expand its offerings to include financial services such as credit and wealth management products.
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Infibeam’s Rediff secures NPCI nod for UPI payments via RediffPay
- Infibeam subsidiary, Rediff.com India, has received approval from NPCI to operate as a TPAP for RediffPay.
- Infibeam aims to compete in India's UPI ecosystem, partnering with Axis Bank for UPI-based transactions.
- RediffPay plans to roll out additional services, including credit products and wealth management tools.
- Infibeam Avenues acquired a majority stake in Rediff.com in October 2024.
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Top gainers & losers today, 6 February 2025: Adani Ports, Axis Bank, Bharti Airtel in the list
- Adani Ports, Axis Bank, and Bharti Airtel were among the top gainers of the day.
- Bharti Airtel, Titan Company, NTPC, State Bank of India, and ITC were among the top losers.
- The BSE Sensex declined 213.12 points or 0.27% to close at 78,058.16, while the NSE Nifty fell 92.95 points or 0.39% to end at 23,603.35.
- The market sentiment remained cautious due to the Reserve Bank of India's monetary policy decision and the disappointing quarterly numbers of retail major Trent.
How DOQFY is making contract management smarter for businesses in India
- DOQFY is a Bengaluru-based B2B SaaS platform, co-founded by Aditya Pandranki, Manjula Rao, and Vilaas BV in 2019, to digitise contract management that enables businesses to create, execute and track contracts seamlessly, while ensuring legal compliance.
- DOQFY automates key aspects of contract management, including e-stamping, digital signing and compliance tracking.
- The platform integrates Aadhaar-based e-signatures, Digital Signature Certificates (DSC), and electronic signatures, ensuring legally compliant execution.
- It adheres to ISO 27001, GDPR compliance, and SOC 2 certification and employs Role-Based Access Control (RBAC) to regulate access.
- DOQFY leverages Natural Language Processing (NLP) and AI to simplify legal language and automate data extraction, contract validation, and risk assessment.
- DOQFY operates as both a standalone web application and an API-based solution, allowing seamless integration with core banking systems, vendor onboarding portals, and enterprise management solutions.
- DOQFY customises its platform for different industries including banking, finance, logistics and education.
- DOQFY serves more than 1,000 businesses, including DFC Bank, Bajaj Finserv, Swiggy, Meesho, Unacademy, Xiaomi and Axis Bank.
- The startup generated $1.3 million last year and is targeting $2 million this year, growing at 110% YoY.
- DOQFY is now exploring international markets, particularly the UAE, Middle East and Southeast Asia.
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Max Financial Services’ Insurance Unit Axis Max Life Approves Roadmap For Listing
- Axis Max Life Insurance, a joint venture between Max Financial Services and Axis Bank, has approved a roadmap for its public listing.
- The roadmap involves merging Max Financial Services, the holding company of Axis Max Life, into Axis Max Life to achieve listed status.
- Max Financial Services holds an 80.98% stake in Axis Max Life.
- Axis Max Life Insurance has also approved a proposal to raise additional capital through the issuance of non-convertible debentures.
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Axis Bank Subsidiaries
Axis Direct
Freecharge
Axis Finance
Axis Asset Management Company
Axis Trustee Services
AXIS Capital
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