Axis Bank Limited (BSE: 532215, LSE: AXBC) is an Indian financial services firm headquartered in Mumbai, Maharashtra.

It had begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company UTI-I holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. As on the year ended 31 March 2012, Axis Bank had an operating revenue of 134.37 billion and a net profit of 42.42 billion. [1] Axis Bank (erstwhile UTI Bank) opened its registered office in Ahmedabad and corporate office in Mumbai in December 1993. The first branch was inaugurated in April 1994 in Ahmedabad by Dr. Manmohan Singh, then the Honorable Finance Minister. The Bank, as on 31 March 2012, is capitalised to the extent of Rest. 4.132 billion with the public holding (other than promoters and GDRs) at 54.08%. [2].New Zealand born Richard Chandler owns about 9.5% share through Orient Global. On March 14, 2013 an online magazine named Cobrapost.com released video footage from Operation Red Spider showing high ranking officials and some employees of Axis bank willing to turn black money into white which is violation of Money Laundering Control Act. After this The government of India and Reserve Bank of India have ordered an inquiry.[3][4][5]
Contents
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1 Network
o o o o

1.1 Business focus 1.2 Treasury operations 1.3 Retail banking 1.4 Corporate/wholesale banking

2 International branches
o o o

2.1 NRI services 2.2 Business banking 2.3 Investment banking

3 Lending to small and medium enterprises 4 The Business Gaurav SME Awards

5 Agriculture 6 Financial inclusion 7 International banking 8 Awards and recognitions 9 AXIS Bank Corporate Office 10 Board of directors 11 Corporate social responsibility
o

11.1 Education foundation

12 References 13 External links

[edit]Network The Bank's Registered Office is situated in Ahmedabad and its Central Office is located at Mumbai. The Bank has an extensive network of more than 1947 branches (including 169 Service Branches/CPCs as on 31 March 2013). The Bank has a network of 11245 ATMs (as on 31 March 2013)[3]Axis Bank operates one of the worlds highest ATM sites at Thegu, Sikkim (at a height of 13,200 feet above sea level) and has the largest ATM network among private banks in India. [4] [edit]Business

focus

Axis Bank operates in four segments: corporate/wholesale banking, and other banking business. [5] [edit]Treasury

operations

The Banks treasury operation services include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the account, and for customers and central funding. [6] [edit]Retail

banking

In the retail banking category, the bank offers services such as lending to individuals/small businesses subject to the orientation, product and granularity criterion, along with liability products, card services, Internet banking, automated teller machines (ATM ) services, depository, financial advisory services, and nonresident Indian (NRI) services. [7] [edit]Corporate/wholesale

banking

The Bank offers to corporate and other organisations services including corporate relationship not included under retail banking, corporate advisory services, placements and

syndication, management of public issues, project appraisals, capital market related services and cash management services. [8] [edit]International [9]

branches

Singapore Hong Kong Dubai Shanghai Abu Dhabi Colombo UK- london

[10] [edit]NRI

services banking

[11] Products and services for NRIs that facilitate investments in India [edit]Business

[12] The Bank accepts income and other direct taxes through its 214 authorised branches at 137 locations and central excise and service taxes (including e-Payments) through 56 authorised branches at 14 locations. [edit]Investment

banking

[13] The Banks Investment Banking business comprises activities related to Equity Capital Markets, Mergers and Acquisitions and Private Equity Advisory. The bank is a SEBIregistered Category I Merchant Banker and has been active in advising Indian companies in raising equity through IPOs, QIPs, and Rights Issues etc. During the financial year ended 31 March 2012, Axis Bank undertook 9 transactions including 5 IPOs and 2 Open Offers. [14] [edit]Lending

to small and medium enterprises

Axis Bank SME business is segmented in three groups: Small Enterprises, Medium Enterprises and Supply Chain Finance. Under the Small Business Group a subgroup for financing micro enterprises is also set up. [15] Axis bank is the 1st Indian Bank having TCDC cards in 11 currencies. [edit]The

Business Gaurav SME Awards

In 201112, Axis Bank set up 6 SME centres and SME cells each across the country, taking the total number to 32 SME Centers. The Bank also organised the Business Gaurav SME Awards in association with Dun & Bradstreet to recognise and award achievements in the SME space. [16] [edit]Agriculture [17] 401 branches of the Bank have dedicated officers for providing agricultural loans to farmers. [edit]Financial

inclusion

Till March 2012, the Bank had opened over 4.4 million No Frills accounts in over 7607 villages through a network of 15 Business Correspondents and nearly 6000 customer service points. Axis Bank has a strong presence in Electronic Benefit Transfer (EBT) and has covered 6800 villages across 19 districts and 9 states till date with over 3.7 million beneficiaries. [edit]International

banking

Axis Bank has a foreign network of four branches (Singapore, Hong Kong, DIFC (Dubai) and Colombo (Sri Lanka) and three representative offices (Shanghai, Dubai and Abu Dhabi) with presence in 6 countries. [edit]Awards

and recognitions

In year 201112 [18]

Bank of the Year India The Banker Awards 2011 Best Bank Private Sector NDTV Profit Business Leadership Awards Best Bank 2011 Outlook Money Brand Excellence Award 2011 (BFSI) StarNews The Most Consistent Large Bank Best Banks-2011 Survey by Business Today and KPMG Most Preferred Bank Amongst Retail Customers CLSA survey on personal banking trends Most Productive Private Sector Bank FIBAC 2011 Banking Awards 3rd Strongest Bank in Asia-Pacific Region Asian Banker The Best Domestic Bank- India TheAsset Triple A Country Awards 2011 The Best Domestic Bond House India TheAsset Triple A Country Awards 2011 Best Risk Master (Private Sector Category) FIBAC 2011 Banking Awards

Best Bond House India 2011 Finance Asia

[edit]AXIS

Bank Corporate Office

The Axis Bank Corporate Office in Mumbai received the Platinum rating by the US Green Building Council for its environment friendly facilities and reduction of carbon emission. [19] [edit]Board

of directors

1. Chairman Adarsh Kishore 2. MD and CEO Shikha Sharma[6] 3. Director Rama Bijapurkar 4. Director K. N. Prithviraj 5. Director V. R. Kaundinya 6. Director S. B. Mathur 7. Director Prasad Menon 8. Director Rabindranath Bhattacharyya 9. Director Prof. Samir K. Barua 10. Director A. K. Dasgupta 11. Director Som Mittal [20] [edit]Corporate

social responsibility

Axis Bank has set up a Trust the Axis Bank Foundation, which contributes up to 1 percent of its net profit annually to various social initiatives undertaken by the foundation. During the year 201112, the foundation has partnered with 36 NGOs for educating over a lakh underprivileged and special kids in 13 states. The recycling initiative under the Green Banking banner has helped the bank productively use around 21572 kilograms of dry waste during the year [21] [edit]Education

foundation

The Axis Bank Foundation was founded in 2006[7] and supports supplementary education.[8]