AXIS BANK

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AXIS BANK

  • Established in 1994
  • Third largest private sector bank in India
  • 11,245 ATMs spread across the country
  • Balance sheet size of Rs 3,40,561 crores (US$ 55.87 billion) as on March 31, 2013

Axis Bank is the third largest private sector bank in India. It offers the entire spectrum of financial services to customer segments, covering large and mid-corporates, MSME, agriculture and retail businesses.

As on March 31, 2013, the bank had a large footprint of 1947 domestic branches (including extension counters) and 11,245 ATMs spread across the country. Axis Bank also has overseas offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi.

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.

Source: http://www.axisbank.com/

Axis Bank: Success story in the Indian banking sector

2014 Axis Securities launches AxisDirect Investment Kit to help investors manage money in a simpler manner
2013 Partners with Visa to launch the industry’s first ‘eKYC’ facility
2012 Deploys Cash Deposit Machines across the country
2012 Opens its 10,000th ATM. It has the largest ATM network amongst private sector banks in India
2006 Opens its first international branch in Singapore

Updated: March, 2014

Banking
Total banking assets in India is expected to cross US$ 28.5 trillion in FY25.
x IBEF : India Brand Equity Foundation