|
|
Axis Bank
Axis Bank is a private sector Indian bank. The bank has a net worth of Rs. 2872.19 crores. Public holding of Axis Bank shares stands at 57.60% ending 31st March, 2008. Dr. P.J Nayak is the Chairman and Chief Executive Officer.
History
Axis Bank started its financial operations in 1994. The bank was set up by a consortium of financial companies that include Life Insurance Corporation of India (LIC), The New India Assurance Company, Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I), United India Assurance Limited, and The Oriental Insurance Corporation. Axis Bank of India was previously known as UTI Bank.
A Nationwied Banking Operations
Axis Bank presently has its registered office in Ahmedabad. The Central Office is located in Mumbai. Axis Bank of India currently conducts its operations through more than 700 branches and ancillary extension counters. Day to day banking activities are further supplemented by the presence of 2854 ATMs scattered all over the Indian Republic. Axis Bank possess one of the largest ATM networks in India.
Corporate banking is a special forte of Axis Bank. It also has expertise in retail banking. Asset quality of the bank is extremely high. Non Performing Assets (NPAs) of the bank is at a comfortable low- below 1% of of its total loans. The bank also has higher transaction margins compared to comparable peer banks. Axis Bank's higher weightage on corporate banking also leads to diversification of credit risk. The bank provides Internet banking and phone banking facility to its customers. Both Life and non Life insurance services are provided by the bank.
If you wish to know more about Axis Bank, please click on the following links:
India Insurance
|
|
|
