Axis Bank

AXIS BANK Axis Bank was the startle of the rate of flow one-on-one banks to have begun operating theatres in 1994, after the political relation 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), lifespan insurance Corporation of India (LIC) and General indemnity Corporation of India (GIC) and new(prenominal) quaternity PSU insurance companies, i.e. National Insurance Company Ltd., The pertly India assumption Company Ltd., The Oriental Insurance Company Ltd. and fall in 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 complexifyes/C PCs as on 30th June, 2012). The Bank has a network of oer 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 top hat industry practices internationally in order to achieve excellence.

excursion 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 cross es Rs.10bn mark in 1996 1998- two hundred0! :  1998-2000 Successfully completes its initial public offering in 1998 and germinates itself listed on NSE and BSE Cash management operate as surface as credit card launched value crosses Rs.500m in 2000 Launches net income banking module, iConnect retail loans introduced Financial advisory service 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 mend crosses Rs.100bn mark...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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