Axis Bank
About Axis Bank
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.
Axis Bank Subsidiaries
Axis Direct
Freecharge
Axis Finance
Axis Asset Management Company
Axis Trustee Services
AXIS Capital
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.8/5 based on 24.1k reviews | 4.0/5 based on 36.6k reviews | 3.9/5 based on 37.4k reviews | 3.8/5 based on 3.7k reviews |
Highly Rated for | No highly rated category | Job Security Skill development Company culture | Job Security Skill development | Job Security Salary & Benefits |
Critically Rated for | Promotion/Appraisals | No critically rated category | Promotion/Appraisals | Work-Life balance |
Primary Work Policy | Work from office 82% employees reported | Work from office 92% employees reported | Work from office 85% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.7 Good rated by 5.2k women | 3.9 Good rated by 9.6k women | 3.7 Good rated by 7.6k women | 3.8 Good rated by 763 women |
Rating by Men Employees | 3.8 Good rated by 17.8k men | 4.0 Good rated by 25.2k men | 3.9 Good rated by 27.7k men | 3.8 Good rated by 2.5k men |
Job Security | 3.7 Good | 4.1 Good | 4.0 Good | 4.1 Good |
Axis Bank Salaries
Deputy Manager
Relationship Officer
Sales Manager
Assistant Vice President
Sales Officer
Relationship Manager
Area Sales Manager
Branch Sales Manager
Branch Head
Credit Manager
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Max Financial Is Jefferies' Top Pick Post Insurance Unit's Rebrand — Here's Why
- Max Financial Services has been identified as the top pick by Jefferies in the financial services sector after its insurance unit, Max Life Insurance, rebranded to Axis Max Life Insurance.
- The partnership with Axis Bank is expected to enhance brand recall, expand distribution channels, and strengthen its presence in tier-2 and 3 cities.
- Jefferies highlights key catalysts for growth, including potential regulatory changes, GST exemption on term protection plans, and a potential merger.
- Max Financial Services stock price rose 2.99% on the NSE following the rebranding, with 18 out of 20 analysts recommending a 'buy' rating on the stock.
Axis Bank predicts India’s GDP growth rising to 7% in FY26
- Axis Bank predicts India’s GDP growth rising to 7% in FY26.
- Bank attributes slowdown in H1FY25 to unintended fiscal and credit tightening.
- Higher fiscal spending and CRR cut expected to ease growth headwinds.
- Global trade growth could be disrupted by US policy changes.
RBI Won't Cut Interest Rate In February, Says Neelkanth Mishra — Here's His Rationale
- Neelkanth Mishra, chief economist of Axis Bank, does not expect a repo rate cut by the RBI in February.
- Mishra believes worries about economic growth slowdown are overshadowed by sticky inflation.
- If headline inflation averages 4.5% for the fiscal, the MPC will not have room to cut rates.
- Mishra points out that the pressure on inflation will remain due to welfare measures.
PSU Bank stocks gain as RBI cuts CRR by 4%
- Nifty PSU Bank index gained nearly 2% on Friday, hitting intraday high of 7,248.25.
- Bank of Baroda, Canara Bank, PNB, Union Bank, UCO Bank and IOB ended the day’s trade in green.
- Axis Bank shares gained 1.50% to close at ₹1,183.90.
- Motilal Oswal report mentioned that PSBs having MCLR-heavy books are less vulnerable to rate cuts.
Market dips slightly as RBI holds steady, signals economic caution
- The Sensex retreated 56.74 points or 0.07% to close at 81,709.12, while the Nifty 50 slipped 30.60 points or 0.12% to 24,677.80.
- Top gainers for the day included Tata Motors, Bajaj Auto, Axis Bank, BPCL, and Dr Reddy’s Lab.
- The RBI's MPC meeting highlighted optimism in growth revival and the strategic liquidity measures taken to stimulate economic growth.
- The market showed resilience in midcap and smallcap segments, and investors adopted a 'buy on dips' strategy.
Market midday update: Sensex and Nifty tread cautiously as sectoral trends emerge
- Sectoral trends in the market reveal a mixed landscape, with auto and consumer-focused stocks performing well.
- Bajaj Auto, Axis Bank, Maruti Suzuki, ITC, and Titan are the key gainers driving the market's overall performance.
- Healthcare and IT stocks faced pressure, with HDFC Life, Cipla, IndusInd Bank, Infosys, and Wipro experiencing declines.
- The Nifty Next 50 and Nifty Midcap Select indices showed positive gains, while the Nifty Bank index slightly declined.
SBI To HDFC Bank — Savings Account Interest Rate Comparison
- Most major banks in India, including SBI, HDFC Bank, ICICI Bank, and Axis Bank, offer annual interest rates up to 3.5% on savings accounts.
- Factors such as the monetary policy, inflation, market conditions, and bank performance impact savings account interest rates.
- SBI offers an interest rate of 2.75% to 3% per annum on savings account deposits.
- HDFC Bank offers an interest rate of 3% to 3.5% per annum on savings account deposits.
Axis Bank, IndiGo Among HSBC's Top Picks For 2025
- Axis Bank and IndiGo are the top picks for 2025 in the Indian market, with an upside of 19% and 12%, respectively.
- HSBC Global Research highlights the better risk-reward in equities in emerging markets after taking a cautious stance.
- Some emerging market economies could benefit from a shift of trade flows if US tariffs are predominantly targeted towards specific markets.
- HSBC favors the Indian market for being insulated from US politics and potential from a strong domestic story.
Axis Bank's IFSC Unit Asset Book Doubles To $4 Billion In GIFT City
- Private lender Axis Bank's IFSC Banking Unit at Gujarat International Finance Tec-City in Gandhinagar has doubled its asset book to $4 billion from $2 billion in 2019.
- Axis Bank unveiled a new spacious IBU office at GIFT City spanning nearly 8,000 square feet, indicating its ambition to serve customers at GIFT City.
- The bank's IBU branch at GIFT City became the center for all overseas activity since 2019, consolidating international business and becoming the first port of call for new transactions and corporate books.
- Axis Bank is emphasizing capital market and trade finance operations at GIFT City, and its further growth will depend on funding requirements and foreign currency needs of corporates.
Axis, HDFC Bank To Bank Of Baroda — Check The Best FD Rates Here
- Bank of Baroda offers the best rates for investors looking to deposit their money for a one year period with 6.85% interest.
- Punjab National Bank follows closely with 6.80% interest.
- Axis Bank offers the least interest for the one year period with 6.00% interest.
- For the three-year deposit, Kotak Mahindra Ltd. and Bank of Baroda offer the highest rate of 7.15%.
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