Axis Bank is India's 3rd largest private sector bank, offering the entire spectrum of financial services to customer segments including Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The ban...
Axis Bank is India's 3rd largest private sector bank, offering the entire spectrum of financial services to customer segments including Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The bank has a vast retail footprint of over 2,750 branches and 13,000 ATMs. The overseas operations of the bank are spread over its 9 international offices with branches at Singapore, Hong Kong, DIFC (Dubai International Financial Centre), Colombo & Shanghai, and representative offices at Dubai and Abu Dhabi. The bank recently upgraded its representative office in Shanghai to a branch & became the first Indian private bank to set up a branch in China. Showing consistent growth, Axis Bank's net profit for FY16 grew 12% YOY to Rs. 8,224 Cr.
In 2015, Axis Bank has been adjudged winner in the Best Bank Category at the Outlook Money Awards. At the Asiamoney Best Bank awards, the Bank was named the Best Domestic Bank in India. Axis Bank's Mobile App tops Forrester's review of Smartphone Mobile Banking Apps in India. And its eDGE Loyalty Rewards Program has been named 'Best Loyalty Program of the year' and 'Best Reward Program of the year' at the 9th Loyalty Awards 2016 for the second year in a row!
The brand announced Deepika Padukone as its brand ambassador in June 2014. Axis Bank envisions being the preferred financial solutions provider, excelling in customer delivery through insight, empowered employees and smart use of technology. By focusing on the core values of customer centricity, ethics, transparency, teamwork and ownership, the bank strives to be a trusted brand for its customers & a great place to work for its employees.
Axis Bank is the third largest private sector bank in India.
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.2,85,628 crores as on 31st March 2012, Axis Bank is ranked 9th amongst all Indian scheduled banks. Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2007-12) of 31% in Total Assets, 30% in Total Deposits, 36% in Total Advances and 45% in Net Profit.