Thursday, December 2, 2010

ABOUT AXIS BANK

ABOUT AXIS BANK
Axis Bank 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. 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)
and General Insurance
Corporation of India (GIC)
and other four PSU
insurance companies, i.e.
National Insurance
Company Ltd., The New
India Assurance Company
Ltd., The Oriental Insurance
Company Ltd. and United
India Insurance Company
Ltd.
The Bank today is
capitalized to the extent of
Rs. 408.84 crores with the
public holding (other than
promoters and GDRs) at
53.81%.
The Bank's Registered
Office is at Ahmedabad
and its Central Office is
located at Mumbai. The
Bank has a very wide
network of more than 1095
branches (including 57
Service Branches/CPCs as
on 30th September 2010).
The Bank has a network of
over 4846 ATMs (as on 30th
September 2010) providing
24 hrs a day banking
convenience to its
customers. This is one of
the largest ATM networks
in the country.
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.
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