Axis Bank

AXIS BANK Axis Bank was the startle of the period one-on-one banks to have begun feats in 1994, after the g overnance of India allowed new private banks to be established. The Bank was promoted jointly by the executive of the specified undertaking of the Unit Trust of India (UTI - I), life sentence insurance Corporation of India (LIC) and General indemnity Corporation of India (GIC) and different quaternity PSU insurance companies, i.e. National Insurance Company Ltd., The overbold India assumption Company Ltd., The Oriental Insurance Company Ltd. and linked India Insurance Company Ltd. The Bank as on thirtieth September, 2012 is capitalized to the fulfilment of Rs. 414.53 crores with the public holding (other than promoters and GDRs) at 53.80%. The Banks Registered Office is at Ahmedabad and its aboriginal Office is located at Mumbai. The Bank has a rattling wide network of more than 1600 branches (including 169 Service runneres/CPCs as on 30th June, 2012). Th e Bank has a network of over myriad asynchronous transfer modes (as on 30th June, 2012) providing 24 hrs a day banking doohickey to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in some(prenominal) retail and corporate banking and is committed to adopting the beat out industry practices internationally in order to achieve excellence.

go From UTI to AXIS 1994-1997 :  1994-1997 coordinated as UTI Bank, headquartered in Mumbai First Branch inaugurated at Ahmedabad Completes first profitable year in operation in 1995 set crosses Rs.10bn mark in 1996 1998- two hundred0 :  1998-2000 Successfully comple! tes its initial offering in 1998 and germinates itself listed on NSE and BSE Cash management run as surface as credit card launched amplification crosses Rs.500m in 2000 Launches net income banking module, iConnect retail loans introduced Financial advisory serve and e-commerce introduced Second largest ATM network in the country with 200 ATMs 2001-2005 :  2001-2005 Private agreement of 26% stake to CDC Capital Partners bind crosses Rs.100bn mark...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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