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Banking System - Top Banks In India


Axis Bank In India


UTI bank changes its name to AXIS Bank


Axis Bank India, the first bank to begin operations as new private banks in 1994 after the Government of India allowed new private banks to be established. Axis Bank was jointly promoted 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 Ltd. Also with associates viz. National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd.

Axis Bank in India today is capitalised with Rs. 282.65 Crores with 57.05% public holding other than promoters. It has more than 574 branch offices and Extension Counters in the country with over 2428 Axis Bank ATM proving to be one of the largest ATM networks in the country. It commits to adopt the best industry practices internationally to achieve excellence. It has strengths in retail as well as corporate banking.

By the end of June 2007, Axis Bank in India had over 60 lakhs debit cards. This is the first bank in India to offer the AT PAR Cheque facility, without any charges, to all its Savings Bank customers in all the places across the country where it has presence.

With the AT PAR cheque facility, customers can make cheque payments to any beneficiary at any of its existence place. The ceiling per instrument is Rs. 50,000/-

The latest offerings of the bank is the Australian Dollar and Canadian Dollar variants of the international Travel Currency Card along with the US Dollar, Euro and Pound Sterling variants. The Travel Currency Card is a signature based pre-paid travel card which enables travellers global access to their money in local currency of the visiting country in a safe and convenient way. Along with this the bank has also launched the credit cards in silver and gold variants which can be accessed in 60 cities across the country.

The bank has also raised its reach to 341 cities, towns and villages. The bank has the outstanding deposit base of more than Rs. 61,000 crores with over 65 lakh accounts.

Few milestones of the Axis bank:

Mar '07 : Axis Bank joins hands with IIFCL to provide leverage for infrastructural projects in the country.
Mar '07 : AXIS Bank comes up with full license bank branch in Hong Kong.
Feb '07 : Finance minister Shri P. Chidambaram introduces Shriram – AXIS Bank Co - Branded Credit Card especially for Small Road Transport Operators (SRTOS).
Aug'06 : AXIS Bank holds the position of being the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market.
Aug '06 : AXIS Bank launches the beneficial scheme of issuance of "Senior Citizen ID Card" in collaboration with Dignity Foundation.
Dec '05 : AXIS Bank adds International Financing Review (IFR) Asia 'India Bond House' award for the year 2005 in its appreciation record.
Jul '05 : AXIS Bank and Visa International launch Mobile Refill facility - Anytime, Anywhere Pre-Paid Mobile Refill for all Visa Cardholders in India.
Mar '05 : AXIS Bank gets counted on the London Stock Exchange, raises US$ 239.30 million through Global.

Share Capital of Axis Bank
  • Authorised Share Capital :Rs. 300 Crores
  • Paid Up Share Capital : Rs. 232.86 Crores
Registrars and Share Transfer Agents of Axis Bank in India

M/s. Karvy Computershare Private Limited,
UNIT :
AXIS BANK LIMITED "Karvy House" 46,
Avenue 4, Street No.1,
Banjara Hills,
Hyderabad - 500 034.
Tel : (040) 2331 2454 / 2332 0251/751/752
Fax: (040) 2331 1968 / 2332 3049
Email: jayaramanvk@karvy.com

Axis Bank India Offices

The Registered Office:
Axis Bank Limited,
"TRISHUL",Third Floor,
Opp. Samartheshwar Temple
Nr.Law Garden, Ellisbridge, Ahmedaabad - 380 006
Email :p.j.oza@axisbank.com, rajendra.swaminarayan@utibank.co.in

The Central Office:
Axis Bank Limited
131, Maker Tower - F,
Cuffe Parade, Colaba,
Mumbai - 400 005.
Tel : (022) 6707 4407
Fax: (022)-2218 6944, 2218 1429

Axis Bank Website

www.axisbank.com









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