Saturday, January 1, 2011

DETAILS OF 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 administrative 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 .

The bank is today is capitalized to the extent of rupees 408.84 crores with the public holding at 53.81% .

The bank's registered office is at ahmedabad and its central office is located at mumbai . The bank has a wide network of more than 1095 branches (including 57 service branch as on 30th september 2010) . The bank has a network of over 4046 ATM providing 24 hrs a day banking convenience to its customer . This is one of the largest atm network in the country .

The bank has strength 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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