Website : http://www.axisbank.com/
Axis Bank Limited (BSE: 532215, LSE: AXBC) is the third largest private sector bank in India. It offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. Axis Bank has its headquarters in Mumbai, Maharashtra.
Axis Bank began its 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 Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company.
The Unit Trust of India holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. As on the year ended 31st March 2013, Axis Bank had an operating revenue of
16,217 crores and a net profit of 5,179 crores.Axis Bank (erstwhile UTI Bank) opened its registered office in Ahmedabad and corporate office in Mumbai in December 1993. The first branch was inaugurated in April 1994 in Ahmedabad by Dr. Manmohan Singh, then the Honorable Finance Minister. The Bank, as on 31st March 2013, is capitalised to the extent of Rest.
467.95 crores with the public holding (other than promoters and GDRs) at 54.08%. . New Zealand born Richard Chandler owns about 9.5% share through Orient Global.On 14th March 2013 an online magazine named Cobrapost.com released video footage from Operation Red Spider purporting to show a few employees of several Indian banks including Axis bank apparently willing to help customers to avoid paying taxes. After this, The government of India and Reserve Bank of India have ordered an inquiry.
The Bank's Registered Office is situated in Ahmedabad and its Central Office is located at Mumbai. The Bank has an extensive network of 2225 branches and extension counters (as on 30th September 2013). The Bank has a network of 11796 ATMs (as on 30th September 2013) Axis Bank operates one of the world’s highest ATM sites at Thegu, Sikkim at a height of 4023.4 metres (13,200 ft) above sea level, and has the largest ATM network among private banks in India.