Mumbai, Maharashtra-based Axis Bank Limited, earlier known as UTI Bank (1993–2007), is an Indian banking and financial services firm. Regarding assets, it is India’s third-biggest private sector bank; in terms of market capitalization, it ranks fourth. It offers retail, small- and medium-sized enterprises, and SMEs’ financial services.
Axis Bank Company Details
| Company Name | Axis Bank Limited |
| Origin Country | India |
| Founded | 1993 |
| Chairman | Amitabh Chaudhry |
| Managing Director & CEO | Amitabh Chaudhry |
| Headquarters | Mumbai, Maharashtra, India |
| Products/Services | Retail Banking, Corporate Banking, SME Banking, Agri Banking, NRI Banking, Treasury Operations, Credit Cards, Loans and Advances |
| Number of Employees | Over 76,000 (as of 2022) |
| Official Website | www.axisbank.com |
History
The bank was first established as UTI Bank on December 3, 1993, and it opened a corporate office in Mumbai and a registered office in Ahmedabad. The Life Insurance Corporation of India (LIC), The New India Assurance Company, the Administrator of the Unit Trust of India (UTI), The Oriental Insurance Corporation, the National Insurance Company, the United India Insurance Company, and the General Insurance Corporation all collaborated in the bank’s promotion. Manmohan Singh, India’s finance minister, opened The initial branch in Ahmedabad on April 2, 1994.
Services
Axis Bank Ltd (Axis Bank) provides personal and business banking and other associated financial solutions. Accounts, cards, deposits, loans, NRI services, investment solutions, and banking for agriculture and rural areas are all included in personal banking. Corporate accounts, corporate loans, trade and forex, capital market services, and treasury services like equities and mutual funds, derivatives trading, and foreign currency are all included in business banking. In addition, the bank offers insurance for business, health, travel, and life needs. It caters to NRI, government, corporate, SMEs, and individual clients.
Operations
As of March 31, 2023, the bank had a network of 4,903 branches and extension counters, 15,953 ATMs, and cash recyclers. Out of all the private banks in India, Axis Bank has the biggest ATM network. It is active in Bangladesh, the UAE, Singapore, the UK, and India. The main office of Axis Bank is in Mumbai, Maharashtra, India.
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Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
