2ieaor4 ‘is Bank- Wikipedia, the ree enoyelopedia Axis Bank From Wikipedia, the free encyclopedia This article needs additional citations for verification. Please help improve this Unsourced material may be challenged and removed. (June 2012) ‘Axis Bank Limited (formerly UTI Bank) is the Axis Bank Limited third largest private sector bank in India. It offers financial services to customer segments. AXIS BAN K covering Large and Mid-Corporates, MSME, h Agriculture and Retail Businesses !"I Axis Tradedas BSE: 532215, Bank has its headquarters in Mumbai, LSE AxBc Maharashtra. NSE AXISBANG Industry Banking, Financial services Founded 1994 (as UTIBank) Contents [ide] 1 History 2 Operations Headquarters Mumbai, Maharashtra, Indl") 3.Senices Key people Or. Sanjv Msta (Chairman) 4 Initiatives SShikha Sharma (MD & CEO) Products Credit cards, consumer banking, corporate banking finance ang 5 Awards and recognitions 6 Listing and shareholding 7 Employees insurance,investment 8 Corporate social responsibility benking, rortgage 9 Controversies loans, private banking, prvate 40 References euity, w eath management 44 Extemal links Revenue 340 illon (US85.4 bition) (2012231 Operating 94 ilion (USS1 5 billon) History [edit] income (2012/2131 Net income %52bilion (USS830 milion) ‘Axis Bank began its operations in 1991, after (2012)18) the Goverment of India allowed new private | otal assets 3.4 tibon (USSS4bilon) banks to be established. The Bank was (2012ys1 promoted jointly by the Administrator of Employees 40,239 on 30-Sep-2019)l4 theUnit Trust of india (UTH), 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 Website www.axisbankcom India holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. ‘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 inAhmedabad by Dr. Manmohan Singh, then the Finance Minister of India. Operations [edit] Indian Business: As on 30-Sep-2013, the Bank had a network of 1947 branches and extension counters and 13000 ATMSs.(5] Axis Bank has the largest ATM network among private banks in India®ll7) and it operates an ATM at one of the world’s highest sites at htpslen wikpedia.crghililsis_ Bark 1acon ‘is Bork: Wp he te eneeoneda Thegu, Sikkim at a height of 4,023 meters (13,200 f) above sea level Internationa! Business: The Bank has seven intemational offices with branches atSingapore, Hong Kong, Dubai (at the DIFC) and Colombo and representative offices atShanghai, Dubai and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses. In addition to the abow, the Bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited {5I9) Services [eait] ‘Axis Bank operates in four segments: Treasury operations, Retail banking, Corporate/Wholesale banking and other banking business 19] Treasury operations: 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,!3) Retail banking: 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 senices, Intemet banking, automated teller machines(ATM) senices, depository, financial advisory services, and Non-resident Indian (NRI) senices.) Corporate/wholesale banking: The Bank offers to corporate and other organisations senices including corporate relationship not included under retail banking, corporate advisory senices, placements and syndication, management of public issues, project appraisals, capital market related senices and cash management senices. NRI services: Products and senices for NRIs that facilitate investments in India.{"1] Business banking: 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.!3) Investment banking: Bank's Investment Banking business comprises activities related toEquity Capital Markets, Mergers and Acquisitions and Private Equity Advisory. The bank is a SEBregistered Category | 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. (3) 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. PlAxis bank is the fist indian Bank having TCDC cards in 11 currencies [talon needed] Agriculture banking: 759 branches of the Bank provide banking senices, including agricultural loans, to farmers.'°] As on 31 March 2013, the Bank's outstanding loans in the agricultural sector was INR 148 billion, constituting 7.5% of its total advances, °) Initiatives [edit] ‘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.("21 htpslen wikpedia.crghililsis_ Bark 24reo ‘ois Bank Wiipedt, the fee enyclpedia Financial inclusion: Till March 2012, the Bank had opened over 4.4 million No Frillsaccounts 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. Industry First Initiatives: « Axis Bank launched Mobile Banking App 2.0 for its retail resident Indian customers the first of its kind in India, which 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.(131%4) + ‘Axis Bank - ISIC Forex Card’ for students, is the first photo Travel Currency Card available in USD, Euro, GBP and AUD currencies. It can be used across 34 million merchant locations and at over 2 million MasterCard ATMs globally.!") ‘* Axis Bank has partnered with Visa to launch ‘eKYC' (electronic Know your customer) facility, first organization in India to introduce Biometrics based KYC, offering convenience, speed and ease to Aadhaar-registered individuals to open bank accounts.{181 Awards and recognitions [ecit} '« Bank of the Year Money Today FPCIL Awards 2012-13!'7) + Best Bank CNBC-TV18 India's Best Bank and Financial Institution Awards 2012 + Best Bank Runner Up — Outlook Money Awards 2012 «« ‘Consistent Performer’ in ‘india's Best Banks ~ 2012 suey’ by Business Today and Pmt) «4 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 + 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 4 The Best Emerging Bullion Dealing Bank 9th India Intemational 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 from Institute of Chartered Accountants of India Listing and shareholding [edit] ‘Axis Banks's equity shares are listed on the Bombay Stock Exchange and National Stock Exchange of India.'SIl"®1 The company’s Global Depository Receipts (GDRs) are listed on the London Stock Exchange.) The Bonds issued by the Bank under the MTNprogramme. are listed on the Singapore Stock Exchange.!3] ‘As on 31 December 2013, the promoters UTI, LIC and GIC held approx. 34% of the shares in Axis Bank, Foreign Institutional investors (Fil) held approx. 43% of the shares. Remaining 23% of the shares are held by others.(2") htpslen wikpediacrghiliAsis_ Bark a2ieaor4 ‘his Bank- Wikipedia, the ree enoyelopedia Shareholders (as on 31-Dec-2013) | Shareholding"! Promoter Group 33.88% Foreign Institutional Investors (Fll) 43.18% Individual shareholders 06.61% Bodies Corporate (06.03% Mutual Funds 04.47% GDR 03.90% Financial Institutions / Banks 00.85% Others 01.08% Total 100.0% Employees {edit} ‘As on 31 March 2013, Axis Bank had 37,901 employees, out of which 7,117 employees ‘were women (19%). The bank incurred INR 26.7 billion on employee benefits during the FY 2012-13.'°) The average age of an Axis Bank employee is 29 years.(22I The attrition rate in Axis Bank is approx. 9% per year.(25) Corporate social responsibility [eait) « Axis Bank Foundation: Axis bank has set up this trust in 2006 and supports supplementary education, Axis Bank contributes up to 1 percent of its net profit annually to various social initiatives undertaken by this foundation.(24] During the year 2011-12, the foundation has partnered with 36 NGOs for educating over a lakh underprivileged and special kids in 13 states. 4 Green Banking: The recycling initiative under the Green Banking banner has helped the bank productively use around 21572 kilograms of dry waste during the year!) The ‘Axis Bank's corporate office in Mumbai is designed and constructed as a PlatinumLEED-Certified Green Building.9) Controversies [edit] Money laundering: On 14th March 2013 an online magazine named Cobrapost released \ideo 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 Goverment of India and Resene Bank of India have ordered an inquiry. {251281 References [edit] htpslen wikpedia.crghililsis_ Bark a6