![]() Axis Bank - Wikipedia. Axis Bank Limited. Private- sector bank. Traded as. BSE: 5. This web page is dedicated to our good friend, retired armored vehicle engineer Bill Criswell who passed away a few years ago. A courageous and wise voice of reason. ABOUT THE GAME. Five years ago Carl Johnson escaped from the pressures of life in Los Santos, San Andreas a city tearing itself apart with gang trouble, drugs and. Cryptanalysis of the Enigma enabled the western Allies in World War II to read substantial amounts of secret Morse-coded radio communications of the Axis powers that. Tabtight professional, free when you need it, VPN service. LSE: AXBCNSE: AXISBANKIndustry. Banking, Financial services. Founded. 19. 93(as UTI Bank)Headquarters. Mumbai, Maharashtra, India[1]Key people. ![]() Shikha Sharma (MD & CEO) Sanjiv Misra (Chairman)Products. Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management. Revenue₹4. 14. 0. US$6. 5 billion) (2. US$1. 3 billion) (2. Total assets₹5. 2. US$8. 2 billion) (2. Total equity₹4. 7. US$7. 4 million)Number of employees. March 2. 01. 6)[4]Websitewww. Axis Bank Ltd is the third largest of the private- sector banks in India offering a comprehensive suite of financial products. The bank has its head office in Mumbai and Registered office in Ahmedabad. It has 3. 30. 0 branches, 1. ATMs, and nine international offices. The bank employs over 5. US$1. 7 billion) (as on March 3. It offers the entire spectrum of financial services large and mid- size corporates, SME, and retail businesses.[1]As of 3. Jun. 2. 01. 6, 3. United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC & UTI).[5] Remaining 6. Mutual Funds Institutions, FIIs, Financial Institutions (banks), Insurance companies, corporate bodies & individual investors among others.[6]History[edit]UTI Bank opened its registered office in Ahmedabad and corporate office in Mumbai in December 1. The first branch was inaugurated on 2 April 1. Ahmedabad by Dr. Manmohan Singh, the Finance Minister of India. UTI Bank began its operations in 1. Government of India allowed new private banks to be established. The Bank was promoted in 1. Administrator of the Unit Trust of India (UTI- I),[8]Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company. In 2. 00. 1 UTI Bank agreed to merge with and amalgamate Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval and nothing came of this. In 2. 00. 4 the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce. In 2. 00. 3 Axis Bank became the first Indian bank to launch the travel currency card.[9][1. In 2. 00. 5, Axis Bank got listed on London Stock Exchange.[1. UTI Bank opened its first overseas branch in 2. Singapore. That same year it opened a representative office in Shanghai, China. UTI Bank opened a branch in the Dubai International Financial Centre in 2. That same year it began branch operations in Hong Kong. In 2. 00. 8 it opened a representative office in Dubai.[1. Axis Bank opened a branch in Colombo in October 2. Licensed Commercial Bank supervised by the Central Bank of Sri Lanka.[1. Also in 2. 01. 1, Axis Bank opened a representative offices in Abu Dhabi.[1. In 2. 01. 1, Axis bank inaugurated Axis House, its new corporate office in Worli, Mumbai.[1. In 2. 01. 3, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. Axis Bank UK has a branch in London.[1. Deepika Padukone, a Mumbai Film Industry (a. Bollywood ) actress is the brand ambassador of Axis Bank.[1. In 2. 01. 5, Axis Bank opens its representative office in Dhaka.[1. The bank has over 5. March 2. 01. 6). The bank incurred ₹2. US$4. 20 million) on employee benefits during the FY 2. The average age of an Axis Bank employee is 2. The attrition rate in Axis Bank is approx. Operations[edit]Indian Business[edit]As of 1. Aug 2. 01. 6, the bank had a network of 3,1. ATMs.[2. 2] Axis Bank has the largest ATM network among private banks in India[2. ATM at one of the world’s highest sites at Thegu, Sikkim at a height of 4,0. International Business[edit]The Bank has nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai,[2. Colombo and representative offices at Dhaka, Dubai and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses.[2. In addition to the above, the Bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited.[2. Services[edit]Retail Banking[edit]In the retail banking category, the bank offers services such as lending to individuals/small businesses subject to the orientation, product and granularity criterion, along with liability products, card services, Internet banking, automated teller machines (ATM) services, depository, financial advisory services, and Non- resident Indian (NRI) services.[1. Axis bank is a participant in RBI's NEFT enabled participating banks list.[2. Corporate Banking[edit]Credit: The Bank offers various loan and fee- based products and services to Large and Mid- corporate customers and Small and Medium Enterprise (SME) businesses. These products and services include cash credit facilities, demand and short- term loans, project finance, export credit, factoring, channel financing, structured products, discounting of bills, documentary credits, guarantees, foreign exchange and derivative products. Liability products including current accounts, certificates and deposits and time deposits are also offered to large and mid- corporate segments. Transaction Banking: Formed in April 2. Tx. B provides integrated products and services to customers in areas of current accounts, cash management services, capital market services, trade, foreign exchange and derivatives, cross- border trade and correspondent banking services and tax collections on behalf of the Government and various State Governments in India.[3. Treasury: The Treasury manages the funding position of the Bank and also manages and maintains its regulatory reserve requirements. It invests in sovereign and corporate debt instruments and engages in proprietary trading in equity and fixed income securities, foreign exchange, currency futures and options. It also invests in commercial papers, mutual funds and floating rate instruments as part of the management of short- term surplus liquidity. In addition, it also offers a wide range of treasury products and services to corporate customers. Syndication: The Bank also provides services of placement and syndication in the form of local currency bonds, rupee and foreign term loans and external commercial borrowings. Investment Banking and Trustee Services: The Bank provides investment banking and trusteeship services through its owned subsidiaries. Axis Capital Limited provides investment banking services relating to equity capital markets, institutional stock broking besides M& A advisory. Axis Trustee Services Limited is engaged in trusteeship activities, acting as debenture trustee and as trustee to various securitization trusts.[3. International Banking[edit]The Bank continues to offer corporate banking, trade finance, treasury and risk management solutions through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo, and also retail liability products from its branches at Hong Kong and Colombo.[3. The representative office at Dhaka was inaugurated during the current financial year. Through the Representative Office at Dhaka.[3. Controversies related to Ethics[edit]2. Demonetisation related Money Laundering[edit]Following the 2. Indian Banknote Demonetisation, a number of Axis Bank employees were arrested for facilitating money laundering activities.[3. Some media outlets highlighted the disproportionate amount of cases involving the bank, and claimed that the bank's aggressive performance targets and internal culture fostered such activities and that the blame does not lie solely in the hands of arrested employees.[3. Operation Red Spider[edit]An Indian online magazine conducted a sting operation which was publicised along with 2. Indian banks, including Axis Bank. Consequently, penalty of Rs 5 crore on Axis Bank, Rs 4. HDFC Bank and Rs 1 crore on ICICI Bank was imposed by Reserve Bank of India.[3. Initiatives[edit]Axis Pay[edit]The newly introduced UPI will facilitate banking transactions using only a single 'Virtual Payment Address' (VPA).[3. While transferring money to an account, the sender will not be forced to feed the slew of details like the account number and bank's IFSC Code, but can transact using only the VPA.[3. Ping Pay[edit]The bank launched Ping Pay in 2. Axis Bank accounts and other banks' account holders.[4.
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