Axis Bank Ltd. (AXISBANK)

Overview

Axis Bank Limited is a prominent banking institution headquartered in Mumbai, India, with an extensive operation that spreads across various banking and financial services. Incorporated in 1993, originally as UTI Bank Limited, it underwent a rebranding to its current name in July 2007. Axis Bank operates through a network of branches, ATMs, and recyclers within India, alongside international presence via branches in Singapore and Dubai, and representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah. The bank is subdivided into four main segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business, each dedicated to catering to the specific needs of its diverse clientele, ranging from individuals to large corporations.

Products and Services

• Treasury:

  This segment involves in investments in sovereign and corporate debt, equity and mutual funds, alongside operations in derivatives trading and foreign exchange. It focuses on maximising returns and managing risks for the bank's investment portfolio.

• Retail Banking:

  Axis Bank provides a comprehensive suite of services to individuals and small businesses, including lending, liability products, different types of card services (credit, debit, and forex cards), internet and mobile banking, ATM services, retail term deposits, and financial advisory services. It also offers NRI and digital banking services, bill payment and wealth management, and facilitates the distribution of third-party products like life and non-life insurance, mutual funds, and government bonds.

• Corporate/Wholesale Banking:

  Designed for larger corporate clients, this segment delivers business lending, corporate advisory, and project appraisal services. It also includes payment solutions, trade finance products, letters of credit, bank guarantees, commercial cards, cash management, and capital market related services. It caters to the sophisticated needs of corporations requiring large-scale and complex financial solutions.

• Other Banking Business:

  This segment comprises para banking activities including investments, broking, asset management, and trustee services. It further extends to operating an MSME digital invoice discounting platform and delivering government small saving schemes and pension schemes, showcasing the bank’s diversification into various financial services beyond traditional banking.