Corporate Profile

Axis Bank is the third largest private sector bank in India. The Bank offers the entire
spectrum of financial services to customer segments covering Large and Mid-Corporates,
MSME, Agriculture and Retail Businesses.
The Bank has a large footprint of 2904 domestic branches (including extension counters)
and 12,743 ATMs spread across the country as on 31st March 2016. The overseas operations
of the Bank are spread over nine international offices with branches at Singapore, Hong
Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai,
Abu Dhabi and an overseas subsidiary at London, UK. The international offices focus on
corporate lending, trade finance, syndication, investment banking and liability businesses.
Axis Bank is one of the first new generation private sector banks to have begun operations
in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of
India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC),
General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New
India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India
Insurance Company Ltd. The share holding of Unit Trust of India was subsequently
transferred to SUUTI, an entity established in 2003.
With a balance sheet size of Rs. 5,25,468 crores as on 31st March 2016, Axis Bank has
achieved consistent growth and stable asset quality with a 5 year CAGR (2010-11 to 201516) of 17% in Total Assets, 14% in Total Deposits, 19% in Total Advances and 19% in Net
Profit.

Operations

Indian Business[edit]
As of 12 Aug 2016, the bank had a network of 3,120 branches and extension counters and 12,922
ATMs.[23] Axis Bank has the largest ATM network among private banks in India[24][25] and it operates an
ATM at one of the worlds highest sites at Thegu, Sikkim at a height of 4,023 meters (13,200 ft)
above sea level.[26]

International Business[edit]
The Bank has nine international offices with branches at Singapore, Hong Kong, Dubai (at the
DIFC), Shanghai,[27] Colombo and representative offices at Dhaka, Dubai and Abu Dhabi, which focus
on corporate lending, trade finance, syndication, investment banking and liability businesses. [28] In
addition to the above, the Bank has a presence in UK with its wholly owned subsidiary Axis Bank UK
Limited.[29]

Services[edit]

Retail Banking[edit]
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 Non-resident Indian (NRI) services.[20]Axis bank is a participant in RBI's NEFT
enabled participating banks list.[30]

Corporate Banking[edit]
Credit:The Bank offers various loan and fee-based products and services to Large and Midcorporate customers and Small and Medium Enterprise (SME) businesses. These products and
services include cash credit facilities, demand and short-term loans, project finance, export credit,
factoring, channel financing, structured products, discounting of bills, documentary credits,
guarantees, foreign exchange and derivative products. Liability products including current accounts,
certificates of deposits and time deposits are also offered to large and mid-corporate segments.
Transaction Banking:Formed in April 2015, TxB provides integrated products and services to
customers in areas of current accounts, cash management services, capital market services, trade,
foreign exchange and derivatives, cross-border trade and correspondent banking services and tax
collections on behalf of the Government and various State Governments in India. [31]
Treasury:The Treasury manages the funding position of the Bank and also manages and maintains
its regulatory reserve requirements. It invests in sovereign and corporate debt instruments and
engages in proprietary trading in equity and fixed income securities, foreign exchange, currency
futures and options. It also invests in commercial papers, mutual funds and floating rate instruments
as part of the management of short-term surplus liquidity. In addition, it also offers a wide range of
treasury products and services to corporate customers.
Syndication:The Bank also provides services of placement and syndication in the form of local
currency bonds, rupee and foreign term loans and external commercial borrowings.
Investment Banking and Trustee Services:The Bank provides investment banking and trusteeship
services through its owned subsidiaries. Axis Capital Limited provides investment banking services
relating to equity capital markets, institutional stock broking besides M&A advisory. Axis Trustee
Services Limited is engaged in trusteeship activities, acting as debenture trustee and as trustee to
various securitization trusts.[32]

International Banking
The Bank continues to offer corporate banking, trade finance, treasury and risk management
solutions through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo, and also
retail liability products from its branches at Hong Kong and Colombo. [33] The representative office at

Dhaka was inaugurated during the current financial year.Through the Representative Office at
Dhaka

History
Axis Bank established in 1993 was the first of the new private banks to have begun operations in
1994 after the Government of India allowed new private banks to be established.Axis Bank Ltd. has
been promoted by the largest and the best Financial Institution of the country, UTI. The Bank was set
up with a capital of Rs. 115 crore, with UTI contributing Rs. 100 crore, LIC Rs. 7.5 crore and GIC
and its four subsidiaries contributing Rs. 1.5 crore each.Axis Bank is one of the first new generation
private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by
Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India),Life
Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National
Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance
Company Ltd. and United India Insurance Company Ltd. The shareholding of Unit Trust of India was
subsequently transferred to SUUTI, an entity established in 2003.
Erstwhile Unit Trust of India was set up as a body corporate under the UTI Act, 1963, with a view to
encourage savings and investment. In December 2002, the UTI Act, 1963 was repealed with the
passage of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 by the Parliament,
paving the way for the bifurcation of UTI into 2 entities, UTII and UTIII with effect from 1st
February 2003. In accordance with the Act, the Undertaking specified as UTI I has been transferred
and vested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who
manages assured return schemes along with 6.75% US64 Bonds, 6.60% ARS Bonds with a Unit
Capital of over Rs. 14167.59 crores.
The Bank has strengths in both retail and corporate banking and is committed to adopting the best
industry practices internationally in order to achieve excellence.
Axis Bank entered a deal in November 2010 to buy the investment banking and equities units of
Enam Securities for $456 million. Axis Securities, the equities arm of Axis Bank, will merge with the
investment banking business of Enam Securities.As per the deal, Enam will demerge its investment
banking, institutional equities, retail equities and distribution of financial products, and nonbanking
finance businesses and merge them with Axis Securities.
Services offered by the bank:

Personal Banking

Corporate Banking

NRI Banking

Priority Banking

VBV Online purchases using Credit Card

VBV / MSC Online purchases using Debit Card