AXIS Bank Full Form Name

AXIS Bank Full Form? Axis Bank does not have any full form. It is just the name of the Bank. AXIS Bank Limited is the 3rd biggest bank in the private sector in India. Several notable national and international entities are known to be stakeholders in Axis Bank. As of the year 2013, Foreign Institutional Investors owned 43 per cent of shares in the bank. 34 percent are owned by promoters, namely the Unit Trust of India (abbreviated as UTI), Life Insurance Corporation (abbreviated as LIC), and General Insurance Corporation (abbreviated as GIC) that are owned by the Government of India. The remnant 23 percent shares are owned by financial institutions, individual investors, and corporate bodies.

The bank provides financial services to various categories of customers including mid-sized and large corporate, MSME, Retail Businesses, and Agriculture business.The headquarters of the bank are located at Ahmedabad. As of the year 2106, the AXIS Bank has already a well-established network of more than 3000 branches as well as extension counters. Additionally, the bank currently operates approximately 13000 ATMs. Presently, the bank operates the biggest ATM network as far as private sector banks in India are concerned. Notably, the bank has an ATM operational at one of the highest sites in the world, Thegu in Sikkim.

AXIS bank, as mentioned above, has several international entities as its stakeholders. The bank presently operates branches in Hong Kong, Singapore, Dubai, Colombo, and Shanghai. It has its representative offices situated in Abu Dhabi and Dubai, which are focussed on areas such as trade finances, investment banking, corporate lending, syndication, and liability businesses. As of the year 2014, the Axis bank has four segments where it operates, namely: retail banking, treasury operations, wholesale banking, and corporate banking. The treasury operations include investments in corporate debt, mutual funds, etc. In retail banking, the Bank provides services such as card services, ATMs, financial advisory services, Non-resident Indian services (abbreviated as NRI services), and Internet Banking.

error: Content is protected !!