Axis Bank: India's 3rd Largest Private Bank

Incorporated in 1994, Axis Bank is one of India’s most trusted banks & the third-largest in the private sector. Having head office in Mumbai, Axis bank is among the country’s first new generation private sector banks, & offers the entire spectrum of financial services, spanning large & mid-Corporates, SME & retail businesses.

About Axis Bank

The Bank has a large footprint of 4,050 domestic branches with 11,801 ATMs & 4,917 cash recyclers spread across the country as on 31st March 2019. The overseas operations of the Bank are spread over 9 international offices with branches at Singapore, Hong Kong, Dubai, Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi & an overseas subsidiary at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking & liability businesses. The Bank has a young & engaged workforce of over 60,000 employees, with an average age of 30 years. At Axis Bank, customer centricity has always been the foundation of our business. Banks efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool.

Axis bank was among the early movers in embracing digital technologies and worked towards delivering a superlative experience to our customers. Their strong presence across diverse digital channels has enabled us to offer a wide variety of financial products and services to customers across the social spectrum, ranging from those at the bottom of the pyramid to the largest multinational corporations. The digital space also involves citizen-centric solutions to various government entities, digital collection and payment solutions to the PSUs, government departments and other autonomous bodies.

Mission and Vision of Axis Bank

Vision: To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology

Core Values:

1. Customer Centricity
2. Ethics
3. Transparency
4. Teamwork
5.  Ownership

Management of Axis Bank

Industry and Competitors of Axis Bank:

Industry: Banking

The Banking industry in India 

Read More: Latest updates regarding the Banking Industry in India

Major Competitors: 

• HDFC Bank
• ICICI Bank
• Kotak Mahindra Bank
• State Bank of India

Major Products of Axis Bank:

Industry:

Axis Bank Performance in 2018-19

The profitability and the asset quality metrics for the Bank in fiscal year 2019 improved materially after having witnessed two consecutive challenging years. The Bank continues to have a strong balance sheet with one of the best provision coverage and capital adequacy ratios of 77% and 15.84%, respectively. The Bank’s retail franchise continues to remain robust with a healthy growth in loans, fees and retail deposits. Axis continues to remain a strong customer-centric bank and has shifted its deposit strategy to focus on getting higher CASA plus retail term deposits from earlier focus on CASA. During the year, the bank added 347 branches to taking their domestic branch distribution network to 4,050 branches.

Image Source - Axis Bank
Axis Bank Report 2018