|Traded as||BSE: 532215
|Industry||Banking, Financial services|
|Founded||1994 (As UTI Bank)|
|Headquarters||Mumbai, Maharashtra, India|
|Key people||Dr Sanjiv Misra
(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$4.2 billion) (2012)|
|Net income||42.19 billion (US$650 million) (2012)|
|Total assets||2.854 trillion (US$44 billion) (2012)|
|Employees||40,239 (as on 30th September 2013 |
Axis Bank Limited (BSE: 532215, LSE: AXBC) is the third largest private sector bank in India. It offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. Axis Bank has its headquarters in Mumbai, Maharashtra.
Axis Bank began its 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 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. The Unit Trust of India holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. As on the year ended 31st March 2013, Axis Bank had an operating revenue of 16,217 crores and a net profit of 5,179 crores. 
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 31st March 2013, is capitalised to the extent of Rest. 467.95 crores 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.
On 14th March 2013 an online magazine named Cobrapost.com released video footage from Operation Red Spider purporting to show a few employees of several Indian banks including Axis bank apparently willing to help customers to avoid paying taxes. After this, The government of India and Reserve Bank of India have ordered an inquiry.
- 1 Network
- 2 International Business
- 3 Lending to small and medium enterprises
- 4 The Business Gaurav SME Awards
- 5 Agriculture
- 6 Financial inclusion
- 7 International banking
- 8 Awards and recognitions
- 9 AXIS Bank Corporate Office
- 10 Board of directors
- 11 Corporate social responsibility
- 12 References
- 13 External links
The Bank's Registered Office is situated in Ahmedabad and its Central Office is located at Mumbai. The Bank has an extensive network of 2225 branches and extension counters (as on 30th September 2013). The Bank has a network of 11796 ATMs (as on 30th September 2013) Axis Bank operates one of the world’s highest ATM sites at Thegu, Sikkim at a height of 4023.4 metres (13,200 ft) above sea level, and has the largest ATM network among private banks in India.
The Bank has seven international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC) and Colombo and representative offices at Shanghai, Dubai and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses. In addition to the above, the Bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited.
Axis Bank operates in four segments: corporate/wholesale banking, and other banking business. 
The Bank’s treasury operation services include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the account, and for customers and central funding. 
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 nonresident Indian (NRI) services.
The Bank offers to corporate and other organisations services including corporate relationship not included under retail banking, corporate advisory services, placements and syndication, management of public issues, project appraisals, capital market related services and cash management services. 
Industry First Initiative
Axis Bank, India's third largest private sector bank launched Mobile Banking App 2.0 for its retail resident Indian customers The first of its kind in India, Axis Mobile 2.0 offers a high level of personalization . The App has been launched in partnership with Tagit, a leading Singapore mobile solutions company. The new application uses Tagit's mobility solution platform that enables Banking on-the-go.
‘Axis Bank- ISIC Forex Card’ for Students would be the first photo Travel Currency Card available in USD, Euro, GBP and AUD currencies . Axis Bank is the 1st Bank in India to launch ISIC co- branded Forex prepaid card for students. 
Axis Bank partners with Visa to launch industry first ‘eKYC’ facility , 1st organization in India to introduce biometric based eKYC offering convenience, speed & ease to Aadhaar-registered individuals to open bank accounts 
Products and services for NRIs that facilitate investments in India. 
The Bank accepts income and other direct taxes through its 214 authorised branches at 137 locations and central excise and service taxes (including e-Payments) through 56 authorised branches at 14 locations.
Bank’s Investment Banking business comprises activities related to Equity Capital Markets, Mergers and Acquisitions and Private Equity Advisory. The bank is a SEBI-registered Category I Merchant Banker and has been active in advising Indian companies in raising equity through IPOs, QIPs, and Rights Issues etc. During the financial year ended 31 March 2012, Axis Bank undertook 9 transactions including 5 IPOs and 2 Open Offers. 
Lending to small and medium enterprises
Axis Bank SME business is segmented in three groups: Small Enterprises, Medium Enterprises and Supply Chain Finance. Under the Small Business Group a subgroup for financing micro enterprises is also set up.  Axis bank is the 1st Indian Bank having TCDC cards in 11 currencies.
The Business Gaurav SME Awards
In 2011–12, Axis Bank set up 6 SME centres and SME cells each across the country, taking the total number to 32 SME Centres. The Bank also organised the ‘Business Gaurav SME Awards’ in association with Dun & Bradstreet to recognise and award achievements in the SME space. 
401 branches of the Bank have dedicated officers for providing agricultural loans to farmers. 
Till March 2012, the Bank had opened over 4.4 million No Frills accounts in over 7607 villages through a network of 15 Business Correspondents and nearly 6000 customer service points. Axis Bank has a strong presence in Electronic Benefit Transfer (EBT) and has covered 6800 villages across 19 districts and 9 states till date with over 3.7 million beneficiaries.
Axis Bank has a foreign network of four branches (Singapore, Hong Kong, DIFC (Dubai) and Colombo (Sri Lanka) and three representative offices (Shanghai, Dubai and Abu Dhabi) with presence in 6 countries. Axis Bank was granted a banking license in Britain, after receiving approval in April 2013 from Britain's financial regulator to provide a full range of banking services including deposit-taking and making loans and investments. It opened its first UK bank in London on 12 July 2013.
Awards and recognitions
In year 2012–13 
Bank of the Year Money Today FPCIL Awards 2012–13 Best Bank CNBC-TV18 India’s Best Bank and Financial Institution Awards 2012 Best Bank Runner Up – Outlook Money Awards 2012 Consistent Performer India’s Best Banks – 2012 Survey by Business Today & KPMG Fastest Growing Large Bank Dun & Bradstreet – Polaris Financial Technology Banking Awards 2012 Fastest Growing Large Bank Businessworld Best Banks Survey 2012 Best Domestic Bond House The Asset Triple A Country Awards 2012 – Our Bank has been honored with this award for the third year in a row India Bond House of the year IFR ASIA – Country Awards 2012 Deal Maker of the Year in Rupee Bonds Businessworld Magna Awards – India's Best Deal Makers 2012 The Best Emerging Bullion Dealing Bank 9th India International Gold Convention-2011-12 Best Acquiring Institution in South Asia Visa LEADER Award at Visa’s 2012 APCEMEA Security Summit, Bali Gold Shield for Excellence in Financial Reporting in the Private Banks category – 2011–12 ICAI (Institute of Chartered Accountants of India)
AXIS Bank Corporate Office
The Axis Bank Corporate Office in Mumbai received the ‘Platinum’ rating by the US Green Building Council for its environment friendly facilities and reduction of carbon emission. 
Board of directors
- Chairman Sanjiv Misra
- MD and CEO Shikha Sharma 
Axis Bank has set up a Trust – the Axis Bank Foundation, which contributes up to 1 percent of its net profit annually to various social initiatives undertaken by the foundation. During the year 2011–12, the foundation has partnered with 36 NGOs for educating over a lakh underprivileged and special kids in 13 states. The recycling initiative under the Green Banking banner has helped the bank productively use around 21572 kilograms of dry waste during the year 
- Ronamai, Raymond (March 15, 2013). "India's Private Banks Under Scanner: Is RBI to be Blamed for Money Laundering?". International Business Times. Retrieved 16 March 2013.
- "Money laundering case: ICICI bank suspends 18 employees". zee news. 15 March 2013. Retrieved 16 March 2013.
- "Probes Begin as Top Indian Banks Are Embroiled in Sting Operation". Wharton School of the University of Pennsylvania. Retrieved 16 March 2013.
- "Education Programs, Education Foundation". Axis Bank Foundation website. Axis Bank Foundation. Retrieved 24 September 2012.
- Axis Bank Annual Report 2011-2012, Axis Bank, p. 29
Axis bank is a scheduled commercial private sector new generation bank.