Axis Bank is one of the leading private sector banks. It holds the position of being the third largest bank in India. The bank offers an array of financial services covering a large segment of customers from Large and Mid-Corporate, MSME, Agriculture and Retail Business.
Axis bank has widespread grid of Two thousand Five hundred and eighty nine branches (2589) branches along with the extension branches operating across the country. The bank can be accessed through Twelve thousand three hundred and fifty five (12355) ATM’s in the country as on 31 March, 2015.
Internationally, the bank operates through its branches in Singapore, Hong Kong, Dubai, Abu Dhabi and also an overseas subsidiary at London, United Kingdom. Through its international branches the bank focuses on corporate lending, trade finance, syndication, investment banking, as well as liability business.
Axis Bank is one of the modernized bank which started operating from the year 1994. The bank was endorsed and supported in the year 1993 jointly by Specified Undertaking of Unit Trust of India (SUUTI) (which was also known as Unit Trust of India), Life Insurance Corporation (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. The share holding of the Unit Trust of India was later transferred to Specified Undertaking of Unit Trust of India (SUUTI), and a separate body was established in 2003.
The bank has witnessed an immense growth with its balance sheet size of Rs. 4,61,932/- recorded at the closure of the financial year 2015. The bank posses a stable asset quality with a 5 year CAGR (2010-11 to 2014-15 of total 21% assets, 18% in total deposits, 22% in total advances and 24% net profit.
With its corporate office in the commercial capital Mumbai the bank is also conscious towards the environment. AXIS HOUSE which is the corporate office building situated in Mumbai has received the “Platinum” rating by US Green building Council for its sustainable and echo-friendly facilities which are also enabling the bank contribute towards carbon emission reduction and thereby lowering the greenhouse gas effect.
The Bank also has nine wholly-owned subsidiaries namely:
• Axis Capital Ltd.
• Axis Private Equity Ltd.
• Axis Trustee Services Ltd.
• Axis Asset Management Company Ltd.
• Axis Mutual Fund Trustee Ltd.
• Axis Bank UK Ltd.
• Axis Securities Ltd.
• Axis Finance Ltd.
• Axis Securities Europe Ltd.