Axis Bank

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Axis Bank, previously known as UTI Bank, is one of the Big Four Banks of India along with State Bank of India, HDFC Bank and ICICI Bank. Established in 1994, it's the first of the new private sector banks in India to start its operations, when Government of India opened the gate for the private banks to flock into the Indian financial market. Though the bank started its operation with the name UTI Bank, but later, in order to avoid ambiguities and confusion with other discrete entities carrying the same name, it changed its name to its current form (Axis Bank) in April 2007.

Axis Bank Limited recorded a total income of `13,745.04 crore as on the year ended March 31, 2009. It also made a net profit of `1,812.93 crore in the same financial year.

Joint Promotion
Axis Bank was jointly promoted by the following:
  • 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
  • United Insurance Company Ltd.
Axis Bank has its registered office at Ahmedabad, while its central office is located at Mumbai. Currently it has an extensive network of over 905 branches across the nation. It also has a network of more than 3894 ATMs.

Axis Bank Products and Services


Axis Bank offers a range of financial products and services to its clients throughout the country. It also has special strength in retail and corporate banking. Axis Bank offers following services:
  • Personal Banking
  • Corporate Banking
  • NRI
  • Priority Banking

Personal Banking


The Personal Banking of Axis Bank includes following services:

Accounts
  • Zero Balance Savings Account
  • Krishi Savings Account
  • EasyAccess Savings Account
  • Prime Savings Account
  • Corporate Salary Account
  • Women's Savings Account
  • Demat Account
  • Senior Citizen's Account
  • Defence salary Account
  • Trust/NGO Savings Account
  • RFC(D) Account
  • Azzadi - No Frills
  • Pension Savings Account

Deposits
  • Fixed Deposits
  • Recurring Deposits
  • Encash 24
  • Tax Saver Fixed Deposit

    Loans
  • Home Loan
  • Car Loan
  • Personal Loan
  • Loan Against Shares
  • Loan Against Property
  • Loan Against Security
  • Study Loan
  • Consumer Loan

Cards
  • Credit Cards
  • Debit Cards
  • Prepaid Cards

Investments
  • Mohur Gold
  • Online Trading
  • Mutual Funds
  • Demat Account
  • A Smile Solution
  • Kal Bhi, Aaj Bhi

Insurance
  • Life Insurance
    • Life Insurance Products
    • 5 For Life
  • Health Insurance
    • Family Health
    • Silver Health
  • Motor Insurance
  • Jewellery Insurance
  • Personal Accident
    • Safe Guard
  • Home
    • Safe Home
    • Safe Home Plus
  • Travel Companion
  • Critical Illness
  • Business advantage

Payments
  • Bill Pay
  • Electronic Clearing Service
  • Tax Payments
    • Tax e-Payments
    • Direct Tax Payments
    • Pension Disbursement

Other Services
  • Mobile Refill
  • Locker
  • Online Shopping
  • IPOSmart
  • E-Statement

Axis Net Banking Services


Following services are offered under 24 x 7 Banking:
  • Internet Banking
  • Mobile Banking
    • Savings Account
    • NRI Account
    • Current Account
  • Phone Banking
  • Visa Money Transfer
  • Power Transfer
  • ATM

Axis Bank Loans


Axis Bank Loans are given to both individual and corporate borrowers. The bank offers to its clients a complete list of loan related products that carry competitive interest rates. All financial products are made and executed according to rules formulated by the Reserve Bank of India (RBI).

Corporate Loans


Business Loan for Property - Maximum loan amount is`5 crores. Repayment tenure is up to 10 years. Interest rates are in tandem with broader external market conditions. Quick processing acts as a boon for the cash hungry customer.
Power Trade - Designed to meet the financial commitments of the trader. Loans may be taken to meet obligations like Export Credit and Letter of Credit. Maximum loan amount is ` 2.5 crore payable up to 3 years for Term Loans.
Enterprise Power - This loan is configured to meet the requirements of Micro and Small Enterprises. Maximum loan amount is ` 1.00 crore.
Mpower-Term Loan - Loans are granted up to a maximum of `5 crores. Repayment options are flexible and carry a maximum tenure of 10 years.

Personal Loans


Axis Bank Personal loans are of the following types:

Quick personal loan - It is available to both salaried and professional persons. Loan amount varies from `1 lakh to ` 20 lakhs. Repayment tenure extends from 1 year to 5 years. Procedures are simple and involves minimal documentation.
Power Home - Axis Bank housing loans carry attractive interest rates. Balance transfer facility is available.
Study Power -Axis Bank educational loans are capped at ` 7.5 lakhs for studies in India and ` 15 lakhs for studying abroad. Loans can be taken to cover the cost of hostel charges and tuition fees. Minimum loan amount is ` 50,000.

Axis Bank Headquarter Address


Axis Bank Limited 131, Maker Tower - F,
Cuffe Parade, Colaba,
Mumbai - 400 005
Tel: +91-22-6707-4407
Fax: +91-22-2218-1429
Web: www.axisbank.com

Axis Bank Informational Data

Name of Bank Axis Bank
No. of Offices 786
No. of Employees 20624
Business per Employee (in ` Lakh) 1060.00
Profit per Employee (in ` Lakh) 10.02
Interest Income (in ` Crore) 10835
Other Income (in ` Crore) 2897
Interest Expended (in ` Crore) 7149
Operating Expenses (in ` Crore) 2858
Return on Assets 1.44
CRAR 13.69
Net NPA Ratio 0.40

Axis Bank Branches in India