Axis Bank facts for kids
 |
|
| Public | |
| Traded as | |
| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=INE238A01034 INE238A01034] |
| Industry | Financial services |
| Founded | 3 December 1993 as UTI Bank |
| Headquarters | Axis House,
,
India
|
|
Number of locations
|
5706 (December 2024) |
|
Key people
|
|
| Products |
|
| Revenue |  ₹155,917 crore (US$27 billion) (2025) |
|
Operating income
|
₹44,888 crore (US$7.6 billion) (2025) |
| ₹28,055 crore (US$4.8 billion) (2025) |
|
| Total assets | ₹1,656,962 crore (US$280 billion) (2025) |
| Total equity | ₹185,433 crore (US$32 billion) (2025) |
| Owner |
|
|
Number of employees
|
104,333 (as of March 2024) |
| Subsidiaries |
|
| Capital ratio | 9.35% (December 2019) |
Axis Bank Limited is a big banking and financial services company in India. It used to be called UTI Bank from 1993 to 2007. Its main office is in Mumbai.
Axis Bank is one of India's largest private banks. It helps many different customers. These include big companies, medium-sized businesses, and regular people. They offer various financial services.
Many different groups own shares in Axis Bank. These include insurance companies and other large investors. Regular people also own parts of the bank.
Contents
History of Axis Bank
How Axis Bank Started
The bank began on December 3, 1993. It was first known as UTI Bank. It was part of the Unit Trust of India, which was a government group. The first branch opened in Ahmedabad in April 1994. India's finance minister at the time, Manmohan Singh, opened it.
Growing and Changing Names
In 2005, UTI Bank was listed on the London Stock Exchange. This meant its shares could be bought and sold there. The bank started opening offices in other countries. These included Singapore and Shanghai, China, in 2006. In 2007, it opened branches in Dubai and Hong Kong.
On July 30, 2007, UTI Bank changed its name to Axis Bank. This was a big step for the company.
Key Leaders and New Services
Shikha Sharma became the CEO of Axis Bank in 2009. In 2013, Axis Bank UK started its banking services. This was a new branch in the United Kingdom.
In 2017, Axis Bank bought a company called Freecharge. Freecharge is a digital place for financial services. Amitabh Chaudhry became the new CEO in January 2019.
In 2023, Axis Bank bought the consumer banking business of Citibank India. This made Axis Bank even bigger. In 2025, Axis Bank partnered with J.P. Morgan. This partnership helps Indian companies make U.S. dollar payments faster. It allows payments at any time, even on weekends.
How Axis Bank Operates
Banking in India
As of December 31, 2024, Axis Bank has many branches across India. It has over 5,700 branches and counters. It also has more than 14,400 ATMs and cash machines.
Banking Around the World
Axis Bank has nine offices outside India. These include branches in Singapore, Hong Kong, and Dubai. They also have offices in Shanghai and Colombo. These international offices help businesses with loans and trade. They also offer other banking services. The bank also has a company in the United Kingdom.
Services Offered by Axis Bank
Banking for Individuals
Axis Bank offers many services for individuals and small businesses. They provide loans for homes and other needs. They also have savings accounts and card services. You can use their Internet banking and ATMs. They also help people from India who live abroad.
Banking for Businesses
Axis Bank helps large and medium-sized companies. They offer services for managing money and payments. They also help with international trade and investments. The bank collects taxes for the government too.
International Banking Services
The bank provides services for businesses in other countries. This includes corporate banking and trade finance. They also help manage money and risks. These services are available through their branches in Singapore, Hong Kong, Dubai, Shanghai, and Colombo.
Axis Bank's shares are listed on major stock exchanges in India. These are the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). This means people can buy and sell parts of the bank there. The bank's global shares are also listed on the London Stock Exchange.
Initiatives and Innovations
Axis Thought Factory
Axis Bank has an innovation center in Bengaluru. It is called Axis Thought Factory. This center works on new ideas, especially in artificial intelligence. Axis Bank was the first Indian bank to have such a special lab.
Asha Home Loans
Asha home loans are for people buying their first home. These loans help families with lower incomes. They offer loans for homes in smaller and larger towns. This helps more people own a home.
eKYC Service
eKYC stands for electronic "know your customer." It is an online way to open accounts without paper. You can use your Aadhaar card for this. Axis Bank was the first in India to use biometrics for this service.
Subsidiaries of Axis Bank
Axis Bank has several companies that it owns. These are called subsidiaries. They help the bank offer more services.
Axis Capital Ltd.
Axis Capital Ltd. helps companies with investments. It also helps with buying and selling shares.
Axis Securities Ltd.
Axis Securities Ltd. helps people buy and sell shares. It also offers loans and credit cards. It is fully owned by Axis Bank.
Axis Private Equity Ltd.
Axis Private Equity Ltd. manages investments. It helps with venture capital funds. These funds invest in new and growing businesses.
Axis Mutual Fund
Axis Mutual Fund is another company owned by Axis Bank. It helps people invest their money in different ways. It started in 2009 and is based in Mumbai.
See also
- Banking in India
- List of banks in India
- Reserve Bank of India
- Indian Financial System Code
