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Axis Bank Limited

Overview:

Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. 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 of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.

The Bank as on 31st March, 2012 is capitalized to the extent of Rs.4132 million with the public holding (other than promoters and GDRs) at 54.08%.

The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1600 branches (including 169 Service Branches/CPCs as on 31st March, 2012). The Bank has a network of over 10000 ATMs (as on 31st March, 2012) providing 24 hours a day banking convenience to its customers. This is one of the largest ATM networks in India.

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.
Axis Bank, the third largest private bank in India opened its first branch in Colombo in October 2011, as a Licensed Commercial Bank supervised by the Central Bank of Sri Lanka. The branch in Colombo was inaugurated in October 2011 by Mr. Ajith Nivard Cabraal, Governor, Central Bank of Sri Lanka in the presence of His Excellency Ashok K. Kantha, High Commissioner of India in Sri Lanka, Dr Adarsh Kishore, Chairman of Axis Bank and Mrs Shikha Sharma, Managing Director and CEO of Axis Bank, India.

The Country Head for the Bank’s operations in Sri Lanka is Mr Ashok K Basu.

Axis Bank already has branches in Asian financial hubs like Singapore, Hong Kong, Dubai and representative offices in Shanghai, Dubai and Abu Dhabi.

For details of the shareholding pattern , Credit Rating and other information of Axis Bank India please refer to the websitewww.axisbank.com or Click here for Inverstor Corner

Axis Bank, Sri Lanka looks forward to participate in SME enterprises, agriculture, retail banking, infrastructure projects and remittance sectors in Sri Lanka.

"Our main aspiration is to adding new values to the entire banking industry with a segmented approach while assisting the established and sophisticated ventures to further expand their businesses and attracting more deprived segments in the society into a monetized section", the Chairman of the Bank said at the inauguration.

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