Axis bank is an India private sector bank founded in 1993. It has its headquarters in Mumbai, Maharashtra, India. The bank sells financial services to large and mid-sized companies, SMEs and retail businesses.
As of 31 March 2020, Axis bank has a total of 4800 branches in India with 17,801 ATMs and 4917 cash recycling machines spanning across the country. It has a market capitalization of 2.31 trillion (US$32 billion).
AXIS Bank is listed on the National Stock Exchange of India and the Bombay Stock Exchange. It has its presence in the London Stock Exchange with the symbol “AXBC”. Its subsidiaries are Axis Capital Ltd, Axis Securities Ltd. and Axis Private Equity Ltd.
The core values implemented by the bank management are Customer Centricity Ethics, Transparency, Teamwork and Ownership.
Retail Banking: Axis bank offers lending services to individuals and small businesses, along with liability products, card services, Internet banking, ATM services, depository, financial advisory services, and NRI Services.
Corporate Banking: Axis bank provides Transaction Banking Services and Investment Banking and trustee services.
International Banking: The bank offers corporate banking, trade finance, treasury and risk management through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo, and also retail liability products from its branches at Hong Kong and Colombo.
Axis Thought Factory - Axis Bank was the first India bank to launch a dedicated innovation lab in the country. The lab is located in Bangalore, India and has an in house innovation team and an accelerator programme
Asha Home Loans - Asha home loans target first-time homebuyers in the lower-income segment. The product offers loans from ₹100,000 (US$1,400)–₹1.5 million (US$21,000) in small towns (population less than 1 million) and up to ₹2.8 million (US$39,000) in larger towns (population over 1 million), to customers with family incomes of ₹8,000 (US$110)–₹10,000 (US$140) per month and above.
e-KYC - Axis bank was the first organization in India to introduce biometrics-based KYC. It partnered with Visa to launch eKYC facility in India.
Axis Bank wins for 'Excellence in Operations' at the International Data Corporation (IDC) Insights Awards, 2019.
Axis Bank wins 'Top Sell-side Firm in Secondary Market' and 'Top Arrangers - Investors' Choice for Primary Issues' at The Asset Benchmark Research Awards, 2019.
Axis Bank wins in the 'Data Science/AI in BFSI' category at the Cypher Analytics Awards, 2019
Axis Bank wins Financial Inclusion Initiative of the Year at the Asian Banking & Finance Awards, 2019
Axis Bank wins for the Best Use of Data & Analytics for Business Outcome amongst Large Banks at the 14th Indian Banking Association Technology Awards
Axis Bank wins Best Digital Bank at the 2016-17 edition of The Financial Express 'India's Best Banks' awards ceremony, held on January 10th, 2019.
Axis Bank wins The Best Rewards Program for the fifth consecutive year at the Customer Loyalty Awards, 2019.
Axis Bank wins The Best Loyalty Program for the second consecutive year at the Customer Loyalty Awards, 2019.
Axis Bank wins Best DCM House at the FinanceAsia Country Awards, 2019
Axis Bank wins The Anti-Money Laundering Technology Implementation of the Year at The Asian Banker Risk Management Awards, 2019.
Axis Bank wins the Best Mobile App for Citizen-Centric Services at The ET Government DigiTech Conclave & Awards, 2019.
Axis Bank wins Best Use of Experiential/Events at The Economic Times Brand Equity Shark Awards, 2019.
Axis Bank wins Customer Engagement Initiative of the Year at The Economic Times BFSI Excellence Awards, 2019.
Axis Bank won Best Digital Bank for the second consecutive year at the 2017-18 edition of The Financial Express 'India's Best Banks' awards ceremony, held on 30th September 2019.
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A comparative analysis of the Private Banking Sector is available on the website. It helps to analyze the company's competitive position and its operating results over a specific period. It gives an investor a sense of whether the company is growing, stable or deteriorating. This gives investors clarity about which stock they should invest in.
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