Axis Bank
Type | Public |
---|---|
Traded as | BSE: 532215 LSE: AXBC NSE: AXISBANK |
Industry | Banking, Financial services |
Founded | 1994 (As UTI Bank) |
Headquarters | Mumbai, Maharashtra, India |
Key people | Adarsh Kishore (Chairman) Shikha Sharma (MD & CEO) |
Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management |
Revenue | 274.82 billion (US$5 billion) (2012) |
Net income | 42.19 billion (US$767.86 million) (2012) |
Total assets | 2.854 trillion (US$51.94 billion) (2012) |
Employees | 33,587 |
Website | www.axisbank.com |
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. 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 capitalized to the extent of Rest. 4.132 billion with the public holding (other than promoters and GDRs) at 54.08%. .New Zealand born Richard Chandler owns about 9.5% share through Orient Global.
Read more about Axis Bank: Network, International Branches, Lending To Small and Medium Enterprises, The Business Gaurav SME Awards, Agriculture, Financial Inclusion, International Banking, Awards and Recognitions, AXIS Bank Corporate Office, Board of Directors, Corporate Social Responsibility
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