In 1993, Axis Bank was founded as UTI Bank. And the bank has been promoted by the Unit Trust of India (UTI), the Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), National Insurance Company (NIC), The New India Assurance Company, The Oriental Insurance Corporation (OIC) and United India Insurance Company. It is the third largest private-sector banks in India with an assets of 8.00997 trillion (US$120 billion) (as of 2019). It has more than 4,000 branches across the country and the employee strength around 61,940 (as of 2019). With effect from 30 July 2007, UTI Bank changed its name to Axis Bank.
Axis Bank provides different financial service products namely, Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance to its customers worldwide. The Bank has ten wholly owned subsidiaries: Axis Private Equity Ltd, Axis Trustee Services Ltd, Axis Asset Management Company Ltd, Axis Mutual Fund Trustee Ltd, Axis Bank UK Ltd, Freecharge, Axis Securities Ltd, AxisDirect, Axis Finance Ltd, Axis Securities Europe Ltd, A.Treds Limited and Axis Forex.
Axis Banks's equity shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India. The company's global depository receipts (GDRs) are listed on the London Stock Exchange.
Axis Bank has more than 4,000 branches across the states and union territories in India below,
|State Name||Total Branches|
|Andaman And Nicobar Islands||3|
|Dadra And Nagar Haveli||2|
|Daman And Diu||2|
|Jammu And Kashmir||32|
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