UTI Bank

Axis Bank is a private sector bank headquartered in Mumbai, Maharashtra, India. Here is an overview of the history, profile, and financials of Axis Bank:

History:
Axis Bank was founded in 1993 as UTI Bank, which was later renamed to Axis Bank in 2007. The bank was the first of its kind to receive a banking license under the new RBI guidelines that allowed private banks to be established. Axis Bank has since grown rapidly and currently has a network of over 4,500 branches and more than 17,000 ATMs across India.

Profile:
Axis Bank offers a wide range of banking products and services, including savings accounts, current accounts, fixed deposits, loans, credit cards, debit cards, insurance, and investment products. The bank also offers digital banking services, including mobile banking and internet banking.

Financials:
In the financial year 2020-21, Axis Bank reported a total income of INR 70,140 crore (approx. USD 9.4 billion) and a net profit of INR 6,480 crore (approx. USD 870 million). Its total assets as of March 31, 2021, stood at INR 10,35,241 crore (approx. USD 138 billion). The bank's market capitalization as of September 30, 2021, was over INR 2,00,000 crore (approx. USD 27 billion).

Axis Bank has won numerous awards and accolades for its performance and innovation in the banking sector. It has been ranked among the top banks in India by various publications and rating agencies. Axis Bank has also been recognized for its digital banking services and customer experience.

Axis Bank is the first new generation private bank in India as UTI Bank with head quarters in Ahmedabad.

The Bank was promoted jointly 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. and other four PSU companies, i.e. National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd.

The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai.

The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

The Registered Office, UTI Bank :
UTI Bank Limited,
TRISHUL, Third Floor,
Opp. Samartheshwar Temple,
Nr. Law Garden, Ellisbridge,
Ahmedabad - 380 006
Tel : (079)-26409322
Fax : (079)-26409321

Web : http://www.axisbank.com/