Financial Analysis On Axis Bank
Financial Analysis On Axis Bank
ON AXIS BANK
HISTORY
Axis Bank India, the first bank to begin operations as new private banks in 1994 after the Government of
India allowed new private banks to be established. Axis Bank was jointly promoted by the Administrator of the
specified undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC) and General
Insurance Corporation Ltd. Also with associates viz. National Insurance Company Ltd., The New India Assurance
Company, The Oriental Insurance Corporation and United Insurance Company Ltd.
Axis Bank first introduced as UTI Bank created a lot of confusion among shareholders of the corporation. So
the board decided to change the name to Axis Bank to differentiate it from UTI.
Axis Bank in India today is capitalized with Rs. 282.65 Crores with 57.05% public holding other than
promoters. It has more than 574 branch offices and Extension Counters in the country with over 2428 Axis Bank
ATM proving to be one of the largest ATM networks in the country.
FACILITIES
NRI Services
Depository Services
Retail Loans
MAKERS
The Bank has 9 members on the Board. Dr. P. J. Nayak is the Chairman and Managing
Director of the Bank.
Shri Surendra Singh
Shri N.C. Singhal
Shri A.T. Pannir Selvam
Shri J.R. Varma
Dr. R. H. Patil
Smt. Rama Bijapurkar
Shri R B L Vaish
Shri S. Chatterjee
B/S & P/L ANALYSIS