Axis Bank
About Axis Bank
Axis Bank is India's third-largest private sector bank by assets. Established in 1993, it has grown rapidly to become one of the most respected financial institutions in India. Headquartered in Mumbai, Axis Bank is known for its customer-centric approach, technological innovation, and strong financial performance. The bank offers a comprehensive range of banking products and financial services to its customers across the country and has a significant international presence as well. Formerly known as UTI Bank, the bank was rebranded as Axis Bank in 2007 to reflect its transformation into a full-service commercial bank.
History of Axis Bank
Axis Bank was originally incorporated in 1993 as UTI Bank Ltd. as a joint venture between the Unit Trust of India (UTI) and several Indian insurance companies. The bank commenced operations in 1994 with the objective of providing banking services to the Indian corporate sector and retail customers.
In 2000, UTI Bank acquired Bank of Madura, which significantly expanded its retail banking operations and branch network. This acquisition helped the bank establish a strong presence in South India and diversify its customer base.
In 2007, the bank was rebranded as Axis Bank to reflect its transformation into a full-service commercial bank. The rebranding was accompanied by a new logo and a renewed focus on customer service and technological innovation. Over the years, Axis Bank has grown significantly through organic expansion and strategic acquisitions, establishing itself as one of the leading private sector banks in India.
Axis Bank Services
Axis Bank offers a comprehensive range of banking products and financial services to its customers, including:
- Retail Banking Services - Savings accounts, current accounts, fixed deposits, recurring deposits
- Corporate Banking Services - Working capital finance, project finance, trade finance
- Loans and Credit Facilities - Home loans, personal loans, auto loans, education loans, business loans
- NRI Banking Services - NRO accounts, NRE accounts, FCNR accounts, remittance services
- Debit and Credit Cards - Wide range of cards with various benefits and rewards
- Digital Banking Services - Internet banking, mobile banking, Axis Mobile app
- Investment Services - Mutual funds, insurance products, demat services
- Wealth Management Services - Investment advisory, portfolio management
Unique Facts about Axis Bank
- Axis Bank was originally established as UTI Bank in 1993 and was rebranded in 2007.
- The bank has one of the largest branch networks among Indian private sector banks.
- Axis Bank was the first bank in India to launch a mobile wallet service.
- The bank has consistently been ranked among the top banks in customer satisfaction surveys.
- Axis Bank has a strong focus on digital banking and technological innovation.
You can find contact details and all the codes of all the Axis Bank branches in India here.