Axis Bank all you need to Know
Axis Bank is one of the leading banks in India, It also counts in the third largest private sector banks in India. According to the recent data this bank has around 3400 branches in all over the country, and it has around 15000 ATMs in all over the nation, If we go for the international offices then we find out that this bank has around total Nine international offices throughout the world. If we look at the number of banks employs for this bank then we get to know that Axis Bank has around 55,000 employees in it and it has also a market capitalization of Rupees 1.28 Trillion, which equals to 20 Billion US Dollar. If we look at the total assets of this bank in the year 2017 then we get to know that this bank has total assets of around 6.014 trillion which equals to 92 billion US Dollar. Axis Bank also makes impressive revenue in the year 2016 which is of 414.09 Billion Rupees that is around 6.3 billion US Dollar. If we check the data for Net Income and Total Equity of this bank then we get to know that Axis Bank has Total Equity of 4.76 Billion Rupees and Net Income of 83.57 Billion Rupees in the year 2016. So these are some details about the financial condition for this bank in the last two years. Axis Bank also managed to provide large numbers of products and services in the market, some of the most popular products of this bank are listed below in points.
- Credit Cards
- Consumer Banking
- Corporate Banking
- Finance and Insurance
- Investment Banking
- Mortgage Loans
- Private Banking
- Private Equity
- Wealth Management
So these are some of the current information for this bank, now I am going to provides you some of the details regarding the history of this bank. Which are mentioned below in the next paragraph.
This Bank was opened with the name UTI Bank in the year 1993, the first branch of this bank was inaugurated by Dr. Manmohan Sing who was the finance minister of that time. Later on in the year 2001 UTI Bank Agreed to make a merge with Global Trust Bank but this merger was stopped by Reserve Bank of India due to some issue and after some time Global Trust Bank was merged with the Oriental Bank of Commerce. Now, in the year, 2003 UTI bank became the first bank to launch a travel currency card. In the period of 2006 to 2008, this bank managed to opened large number of overseas branches in the country like Singapore, China, Dubai, Hong Kong etc. In the year 2007 UTI Bank changed its name to the Axis Bank. Right now this bank is doing great business in all over the country and plays a crucial role in the financial system of India.
So this is a brief detail regarding the Axis Bank, If you have some kind of work to do in this bank and for that you are looking to find out the info for this bank like Axis Bank Branches IFSC Code, MICR Code, SWIFT Code, Bank Toll Free Number, Bank Contact Details etc. then you just have to make a click to our website “Ask Bank IFSC Code” where we managed to provide all the information regarding this topic in a well systematic and organized way.