Axis Bank Limited
Axis Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. The bank was founded on 3 December 1993 as UTI Bank.
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021.
Their vision is to be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology. Their Core Values include Customer Centricity, Ethics, Transparency, Teamwork, and Ownership. Its key products are: Banking, commodities, credit cards, equities trading, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, and asset management. The company also provide services like retail banking, corporate banking, international banking, trustee services & investment banking. Axis bank also provides online banking, branch banking, phone banking, remote banking & mobile banking. It offers great deals to its customers while making payments.
The primary purpose of the Bank’s CSR philosophy is to make a meaningful and measurable impact to the lives of economically, physically and socially challenged communities of the country through an integrated approach of development which focuses on creating sustainable livelihood, promoting education and skills development, creating awareness amongst public at large on public interest topics including financial literacy, facilitating and providing access to formal banking channels for un-banked sections of the society, promoting environmental sustainability, and supporting health and sanitation initiatives.
Their shareholding pattern consists of Promoters and Promoter Group having 11.69% of shares, Public having 11.55% shares following by FII’s having 52.49% shares and DII’s with 24.27% shares.
