bse 532215 lse axbc nse axisbank industry banking financial services founded 1993 as uti bank headquarters mumbai maharashtra india 1 key people shikha sharma md & ceo sanjiv misra chairman products credit cards consumer banking corporate banking finance and insurance investment banking mortgage loans private banking private equity wealth management revenue 414.0925 billion us 6.2 billion 2016 2 net income 83.5759 billion us 1.2 billion 2016 2 total assets 5.25468 trillion us 78 billion 2016 3 total equity 4.7657 billion us 71 million number of employees 56 084 march 2016 4 website axisbank.com axis bank is the third largest private sector banks in india offering a comprehensive suite of financial products . headquartered in mumbai the bank has 2 959 branches 12 743 atms and nine international offices . the bank employs over 50 000 people and had a market capitalization of 105 833 crores as on 31 march 2016 . 4 it offers the entire spectrum of financial services to customer segments spanning large and mid corporates sme and retail businesses . 1 axis bank has its registered office in ahmedabad . 5 as of 30 jun. 2016 30.81 % shares are owned by promoters & promoter group united india insurance company limited oriental insurance company limited national insurance company limited national assurance company ltd gic lic & uti . 6 remaining 69.19 % shares are owned by mutual funds institutions fiis financial institutions banks insurance companies corporate bodies & individual investors among others . 7 contents 1 history 2 operations 2.1 indian business 2.2 international business 3 services 3.1 retail banking 3.2 corporate banking 3.3 international banking 4 initiatives 4.1 axis pay 4.2 ping pay 4.3 augmented reality 4.4 axis thought factory 4.5 insta personal loan 4.6 locker booking 4.7 microfinance institutions mfi lending 4.8 multicurrency forex cards 4.9 asha home loans 4.10 isic forex card 4.11 ekyc 5 subsidiaries 6 awards and recognitions 6.1 2010 6.2 2011 6.3 2012 6.4 2013 6.5 2014 6.6 2015 6.7 2016 7 listing and shareholding 8 references 9 external links history edit uti bank opened its registered office in ahmedabad and corporate office in mumbai in december 1993 . 8 the first branch was inaugurated on 2 april 1994 in ahmedabad by dr. manmohan singh the finance minister of india . uti bank began its operations in 1993 after the government of india allowed new private banks to be established . the bank was promoted in 1993 jointly by the administrator of the unit trust of india uti i 9 life insurance corporation of india lic general insurance corporation national insurance company the new india assurance company the oriental insurance corporation and united india insurance company . in 2001 uti bank agreed to merge with and amalgamate global trust bank but the reserve bank of india rbi withheld approval and nothing came of this . in 2004 the rbi put global trust into moratorium and supervised its merger into oriental bank of commerce . in 2003 axis bank became the first indian bank to launch the travel currency card . 10 11 in 2005 axis bank got listed on london stock exchange . 12 uti bank opened its first overseas branch in 2006 singapore . that same year it opened a representative office in shanghai china . uti bank opened a branch in the dubai international financial centre in 2007 . that same year it began branch operations in hong kong . in 2008 it opened a representative office in dubai . 13 axis bank opened a branch in colombo in october 2011 as a licensed commercial bank supervised by the central bank of sri lanka . 14 also in 2011 axis bank opened a representative offices in abu dhabi . 15 in 2011 axis bank inaugurated axis house its new corporate office in worli mumbai . 16 in 2013 axis bank s subsidiary axis bank uk commenced banking operations . axis bank uk has a branch in london . 17 deepika padukone a bollywood actress is the brand ambassador of axis bank . 18 in 2015 axis bank opens its representative office in dhaka . 19 the bank has over 50 000 employees as of 31 march 2016 . the bank incurred 26.7 billion us 400 million on employee benefits during the fy 2012 13 . 20 the average age of an axis bank employee is 29 years . 21 the attrition rate in axis bank is approx . 9 % per year . 22 operations edit indian business edit as of 12 aug 2016 the bank had a network of 3 120 branches and extension counters and 12 922 atms . 23 axis bank has the largest atm network among private banks in india 24 25 and it operates an atm at one of the world s highest sites at thegu sikkim at a height of 4 023 meters 13 200 ft above sea level . 26 international business edit the bank has nine international offices with branches at singapore hong kong dubai at the difc shanghai 27 colombo and representative offices at dhaka dubai and abu dhabi which focus on corporate lending trade finance syndication investment banking and liability businesses . 28 in addition to the above the bank has a presence in uk with its wholly owned subsidiary axis bank uk limited . 29 services edit retail banking edit in the retail banking category the bank offers services such as lending to individuals small businesses subject to the orientation product and granularity criterion along with liability products card services internet banking automated teller machines atm services depository financial advisory services and non resident indian nri services . 20 axis bank is a participant in rbi s neft enabled participating banks list . 30 corporate banking edit credit the bank offers various loan and fee based products and services to large and mid corporate customers and small and medium enterprise sme businesses . these products and services include cash credit facilities demand and short term loans project finance export credit factoring channel financing structured products discounting of bills documentary credits guarantees foreign exchange and derivative products . liability products including current accounts certificates of deposits and time deposits are also offered to large and mid corporate segments . transaction banking formed in april 2015 txb provides integrated products and services to customers in areas of current accounts cash management services capital market services trade foreign exchange and derivatives cross border trade and correspondent banking services and tax collections on behalf of the government and various state governments in india . 31 treasury the treasury manages the funding position of the bank and also manages and maintains its regulatory reserve requirements . it invests in sovereign and corporate debt instruments and engages in proprietary trading in equity and fixed income securities foreign exchange currency futures and options . it also invests in commercial papers mutual funds and floating rate instruments as part of the management of short term surplus liquidity . in addition it also offers a wide range of treasury products and services to corporate customers . syndication the bank also provides services of placement and syndication in the form of local currency bonds rupee and foreign term loans and external commercial borrowings . investment banking and trustee services the bank provides investment banking and trusteeship services through its owned subsidiaries . axis capital limited provides investment banking services relating to equity capital markets institutional stock broking besides m & a advisory . axis trustee services limited is engaged in trusteeship activities acting as debenture trustee and as trustee to various securitization trusts . 32 international banking edit the bank continues to offer corporate banking trade finance treasury and risk management solutions through the branches at singapore hong kong difc shanghai and colombo and also retail liability products from its branches at hong kong and colombo . 33 the representative office at dhaka was inaugurated during the current financial year.through the representative office at dhaka . 34 initiatives edit axis pay edit the newly introduced upi will facilitate banking transactions using only a single virtual payment address vpa . 35 while transferring money to an account the sender will not be forced to feed the slew of details like the account number and bank s ifsc code but can transact using only the vpa . 36 ping pay edit the bank launched ping pay in 2015 which is a multi social payment solution that allows customers to transfer funds using their smart phones to both axis bank accounts and other banks account holders . 37 38 augmented reality edit axis bank augmented reality feature within its mobile app which lists all the dining destinations property lists shopping centers bank atms branches and many other things not only as a location on gps but also in real life pictures along with distance and directions . 39 40 41 axis thought factory edit the innovation hub located in bengaluru has an in house innovation team and an accelerator programme . 42 the innovation lab work closely with the startup community that is redefining banking in the digital era . with this launch axis bank becomes the first indian bank to introduce a dedicated innovation lab in the country . 43 44 45 insta personal loan edit axis bank provide a 24x7 instant personal loan on smartphones and atm kiosks . customers can get instant loan approval and disbursement 46 which gets credited directly into their account . 47 locker booking edit the bank has launched an online locker booking facility through the mobile app ; allow customers to check availability from their homes and book instantly . 48 49 50 microfinance institutions mfi lending edit a new tablet based loan origination system developed to digitize the entire lending process of mfi business . this will replace the existing paper based loan sanctioning process . 51 multicurrency forex cards edit axis bank offer contactless multicurrency forex cards to indian travelers enabling faster and more convenient transactions while abroad . 52 the same technology has also been extended to the bank s debit and credit card platforms . 53 the bank has setup an in house payment gateway that allows for secure ecommerce transaction processing capability and reduces the cost incurred on using external gateways . 54 asha home loans edit asha home loans our home loan product caters to the first time home buyers in the lower income segment ; and helps them by providing affordable emi options . 55 56 the product offers loan from 1 lakh to 15 lakhs in small towns population 10 lakhs and up to 25 lakhs in larger towns population 10 lakhs to customers with family incomes of 8 000 10 000 per month and above . 57 isic forex card edit isic forex card for students is the first photo travel currency card available in usd euro gbp and aud currencies . it can be used across 34 million merchant locations and at over 2 million mastercard atms globally . 58 ekyc edit axis bank has partnered with visa to launch ekyc electronic know your customer facility first organisation in india to introduce biometrics based kyc offering convenience speed and ease to aadhaar registered individuals to open bank accounts . 59 subsidiaries edit the bank has ten wholly owned subsidiaries axis capital ltd. axis private equity ltd. axis trustee services ltd. axis asset management company ltd. axis mutual fund trustee ltd. axis bank uk ltd. axis securities ltd. axis finance ltd. axis securities europe ltd. a.treds limited awards and recognitions edit 2010 edit best debt house in india euromoney 60 best domestic debt house in india asiamoney 61 overall winner & consistent performer large banks category business today best bank awards 2010 62 2011 edit bank of the year india the banker awards 2011 63 2012 edit bank of the year money today fpcil awards 2012 13 64 best private sector bank cnbc tv18 india s best bank and financial institution awards 2012 65