Axis Bank

Axis Bank is one of the largest private banks in India. It is one among top 5 banks and in top 3 private banks. Axis Bank was earlier known as the UTI (Unit Trust of India) Bank Axis Bank is the 3rd largest private sector bank located in India and ultimate in offering the financial support through dedicated leadership team and the committed employees.

Factsheet of Axis Bank
Bank NameAxis Bank
Founded inDec. 3, 1993
Promoters/foundersUnit Trust of India, Life Insurance Corporation of India, General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation
Headquarter Address

Axis Bank Limited
Axis House
C-2 Wadia International Centre
Pandurang Budhkar Marg
World
Mumbai 400025

Employee's78300
Type of BankPrivate Bank
Official Websitehttps://www.axisbank.com/contact-us
Customer Care Number18604195555

Axis Bank is modernised and provide traditional services and new world facilities such as  ATM, Financial Services, Internet Services, NRI services, Credit and Debit card services and others.

History of Axis Bank

The bank changed its name from UTI Bank, that was established in 1993 and continue to work till 2007. It is an Indian Private Bank having its headquarters in Mumbai and excellent in offering financial options to large and medium enterprises, Business houses, Corporate groups and the Retail institutions.

The first branch was inaugurated by Dr. Manmohan Singh, a proud student of London School of Economics and the finance minister in 1994.  The UTI bank was renamed to Axis Bank in the year 2007. It is the 3rd largest private sector bank in India.

Mr. Amitabh Chowdhury is the MD and CEO of Axis Bank since Jan 2019.

There were two massive instances where in an online magazine did a surprise operation on the bank and showed lot of money laundering and corruption cases by top officials and RBI imposed a heavy penalty of INR 50 million on Axis Bank.

The other instance was during the Demonetisation drive done by the Prime Minister Mr. Narendra Modi, on November 8 2016.

Subsidiaries of Axis bank

Axis Bank has many subsidiaries doing financial services, Insurance and Asset management. Few of the major subsidiaries are listed below:

  • Axis Capital Limited
  • Axis Finance Limited
  • Axis Bank UK Limited
  • Axis Securities Limited
  • Axis Asset Management
  • Axis Mutual Funds Limited
  • Axis Private Equity Limited

Banking Services offered by Axis Bank

Axis bank is providing full-fledged banking services and deals in all traditional as well as modern banking facilities. Services provided by Axis bank are:

  • Savings Account
  • Current Accounts
  • Safe Deposit Lockers
  • Safe Custody Accounts
  • Sukanya Samriddhi Yojana
  • Pension Disbursement Accounts
  • Complementary Hospital Care Insurance
  • Salary Accounts and the loyalty programs

Loans and credit facilities provided by Axis Bank

There are various loans like the Business Loans, Holiday Loans, Educational Credits offered by the Axis Bank. Some of the facilities are given below.

  • Car Loan.
  • Home Loan.
  • Gold Loans.
  • Holiday Loan.
  • Personal Loan.
  • Education Loan.
  • Credit Card Limit.
  • Business Loans.
  • Over draft facilities.
  • Loan Against Properties.
  • Loan Against Securities.
  • Working Capital Financing.
  • Loan Against Fixed Deposits.
  • Commercial Vehicle Construction Equipment Loan.

Axis Bank has 5423 IFSC connected branches in India. Bank has branches in following states:

  • ANDAMAN AND NICOBAR ISLAND
  • ANDHRA PRADESH
  • ARUNACHAL PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHATTISGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DAMAN AND DIU
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • MIZORAM
  • NAGALAND
  • NEW DELHI
  • ODISHA
  • PANJAB
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • UTTAR PRADESH
  • UTTARAKHAND
  • Uttarakhand
  • WEST BENGAL

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