Axis bank’s registered office is located at Ahmedabad while all its core operations happen at its Central office in Mumbai. With a wide network of more than 853 branches and over 3723 ATMs, the bank has strengths in both retail and corporate banking. Axis bank brands all its loan products with the use of the word power. For eg. Axis home loans has the product name Power Home, while Axis personal loans is called Personal Power, Axis loan against assets is called Asset Power and Axis car loans is called Power Drive!

History

Established in 1994 when the Government of India first gave approval for new private banks to enter the Indian banking scenario, Axis bank was promoted with the combined effort of

Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and four other PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank’s currently capitalized today at Rs. 359.76 Cr with the public holding (other than promoters) at 57.79%.

Overview

Axis bank’s registered office is located at Ahmedabad while all its core operations happen at its Central office in Mumbai. With a wide network of more than 853 branches and over 3723 ATMs, the bank has strengths in both retail and corporate banking. Axis bank brands all its loan products with the use of the word power. For eg. Axis home loans has the product name Power Home, while Axis personal loans is called Personal Power, Axis loan against assets is called Asset Power and Axis car loan is called Power Drive!

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Axis Milestones

Mar-08 Axis Bank launches Platinum Credit Card, India’s first EMV chip based card

Dec-07 Axis Bank gets AAA National Long-Term Rating from Fitch Ratings

Sept-07 Axis Bank ties up with Banque Privée Edmond de Rothschild Europe for Wealth Management

July-07 UTI Bank re-brands itself as Axis Bank

July-07 UTI Bank successfully raises USD 1050 million

July-07 UTI Bank ties up with Tata Motors Ltd. for car loans

Mar-07 UTI Bank ties up with Hyundai Motor India Ltd. for car loans

Mar-07 UTI Bank launches car loans in association with Maruti Udyog Ltd

Mar-07 UTI Bank opens a full licence Bank Branch in Hong Kong

Aug-06 UTI Bank announces the launch of its Credit Card Business

Aug-06 UTI Bank becomes the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market

Aug-06 UTI Bank rolls out its 2000th ATM

Apr-06 UTI Bank opens its first international branch in Singapore

Dec-05 UTI Bank wins International Financing Review (IFR) Asia ‘India Bond House’ award for the year 2005

July-05 UTI Bank and Visa International launch Mobile Refill facility – Anytime, Anywhere Pre-Pad Mobile Refill for all Visa Cardholders in India

May-05 UTI Bank and Bajaj Allianz join hands to distribute general insurance products

Mar-05 UTI Bank gets listed on the London Stock Exchange, raises US$ 239.30 million through Global Depositary Receipts (GDRs)

Feb-04 Bilateral arrangement between State Bank of India (and its 7 associate member banks) and UTI Bank comes into force with the commencement of operations (as on 3rd February ’04) of the combined network of over 4000 ATMs

Apr-00 Bank launches its Internet banking module, iConnect Retail loans introduced for the first time by the Bank

Mar-00 Profits cross Rs 50 crore mark for the first time.

Sep-98 UTI Bank goes public with a Rs. 71 crore public issue; Issue over-subscribed 1.2 times, over 1 lakh retail investors. UTI holding reduces to 60.85%

Dec-93 UTI Bank comes into being

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