Axis bank ...........

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The bank was founded in December 1993 as UTI Bank, opening its registered office in Ahmedabad and corporate office in Mumbai.[10] 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),[11] 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. The first branch was inaugurated on 2 April 1994 in Ahmedabad by Dr. Manmohan Singh, the then finance minister of India.[12]


In 2001 UTI Bank agreed to merge with Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval and the merger did not happen. In 2004, the RBI put Global Trust into moratorium and supervised its merger with Oriental Bank of Commerce.


In 2003, UTI Bank became the first Indian bank to launch a travel currency card.[13][14] In 2005, it was listed on London Stock Exchange.[15]


UTI Bank opened its first overseas branch in 2006 in Singapore. That same year it opened an office in Shanghai, China. In 2007, UTI Bank opened a branch in the Dubai International Financial Centre and branches in Hong Kong. In 2008, it opened an office in Dubai.[16]


On 30 July 2007, UTI Bank changed its name to Axis Bank.[17]


In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank.[18]


Axis Bank opened a branch in Colombo, Sri Lanka in October 2011, as a Licensed Commercial Bank supervised by the Central Bank of Sri Lanka.[19] Also in 2011, Axis Bank opened an office in Abu Dhabi.[20] In 2011, Axis bank inaugurated Axis House, its new corporate office in Worli, Mumbai.[21]


In 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. Axis Bank UK has a branch in London.[22]


Bollywood actress Deepika Padukone is the brand ambassador of Axis Bank.[23]


In 2014, Axis Bank launched its first ‘All Women Branch’ in Patna.[24]


In 2015, Axis Bank opened an office in Dhaka.[25]


On January 1, 2019, Amitabh Chaudhry took over as MD and CEO.[26]


As of 31 March 2016, the bank has over 50,001 employees.[27]

As of 12 Aug 2016, the bank had a network of 4,094 branches and extension counters and 12,922 ATMs.[28]


Axis Bank has the largest ATM network among private banks in India.[29][30] It even 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.[31]


International business Edit

The bank has nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai,[32] Colombo and representative offices at Dhaka, Dubai, Sharjah and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses.[33] In addition to the above, the bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited.[34

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