Axis Bank
| Personal information | |
|---|---|
| Full name | Axis Bank |
| Company type | public |
| Founded | 3 December 1993 Mumbai, Maharashtra, India
|
Axis Bank Limitedis an Indian multinational banking and financial services company headquartered in Mumbai. It is India's third largest private sector bank by assets and fourth largest by market capitalisation.
History
[edit]Axis Bank Limited was originally established on 3 December 1993 as UTI Bank, promoted by the Administrator of the Unit Trust of India along with major public financial institutions. The bank opened its first branch in Ahmedabad in April 1994 and expanded operations rapidly. In 2007, it rebranded itself as Axis Bank to reflect a broader identity and global ambitions.
Over the years, the bank pursued expansion both in India and internationally. It entered overseas markets such as Singapore, Hong Kong, Dubai, and Shanghai, strengthening its corporate and trade finance capabilities. It also grew through strategic acquisitions, including the consumer banking business of Citibank India in 2023, which enhanced its retail portfolio and customer base.
Today, the bank stands as one of India’s leading private-sector financial institutions with a vast network of branches and services. It continues to evolve with digital banking innovations, global partnerships, and diversified financial solutions catering to individuals, SMEs, and corporations.
Operations
[edit]Axis Bank Limited operates a large network of over 5,700 branches and thousands of ATMs across India, providing retail, corporate, and digital banking services. Internationally, it maintains offices in Singapore, Hong Kong, Dubai, Shanghai, and other financial hubs, offering trade finance and corporate solutions. The bank also delivers investment services through subsidiaries and maintains global listings for its shares and bonds.
Business career
[edit]The business career of Axis Bank Limited reflects consistent growth and strategic diversification. It expanded from traditional banking into digital finance and investment services, acquiring businesses and launching subsidiaries to strengthen market presence. Partnerships and global operations further enhanced its capabilities, positioning it as a competitive player in both Indian and international banking sectors.
Ideology
[edit]The ideology of Axis Bank Limited focuses on customer-centric financial solutions, technological innovation, and sustainable growth. It emphasizes providing accessible banking services to individuals and businesses while maintaining strong corporate governance and compliance standards. The bank aims to support economic development by fostering financial inclusion and responsible lending practices.
Social Links
[edit]References
- ^^ Jump up to: a b "Axis Bank" "Media Center – Corporate Profile". Axis Bank. Retrieved 2026-01-14.
- ^ Jump up to: a b "Axis Bank" "Axis Bank reduces over 950 employees in Q3 as technology investments start to pay off" . Retrieved 2026-01-10.
- ^ Jump up to: a b c "Axis Bank Ltd. Financial Statements". bse.com. Retrieved 2025-12-17.
- ^ www.nseindia.com "RBI approves appointment of Rakesh Makhija as Chairman of Axis Bank". moneycontrol. Retrieved 2025-12-17.
- ^ Jump up to: a b "Statement showing shareholding pattern of the Promoter and Promoter Group". "BSE" . 2025-12-09. ISSN 0971-8257. Retrieved 2025-12-17.
- ^ Jump up to: a b "MSN". www.msn.com. Retrieved 2025-12-17.