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axis bank ltd-temp gdr 144a (AXBC) Details

Axis Bank Limited provides retail and corporate banking services in India. Its deposit products include savings, current, resident foreign currency, and salary accounts, as well as fixed deposits, tax saver fixed deposits, prepaid cards, and recurring deposits. The company’s loan products comprise home loans, car loans, education loans, personal loans, loans against shares and security, and loans against property and gold for individuals; working capital finance for corporates; loans against property for small and medium enterprises; microfinance for microfinance institutions; and agriculture business loans. It also offers safe deposit locker, Internet banking, money transfer, payment and collection, cash management, finance management, and forex services; investment products; life, health, accident, home, motor, and business guard insurance products; merchant solutions; capital market and treasury solutions; trading services; and debit, credit, and prepaid cards. As of March 31, 2013, it operated 1,947 branches and extension counters, as well as 11,245 ATMs in India. Axis Bank Limited also has branches in Singapore, Hong Kong, Dubai, Colombo, Abu Dhabi, and Shanghai. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is based in Mumbai, India.

9,980 Employees
Last Reported Date: 07/5/07
Founded in 1993

axis bank ltd-temp gdr 144a (AXBC) Top Compensated Officers

Managing Director, Chief Executive Officer, D...
Total Annual Compensation: 19.3M
Head of Corporate Banking, Executive Director...
Total Annual Compensation: 10.0M
Head of Corporate Centre, Executive Director,...
Total Annual Compensation: 8.4M
Compensation as of Fiscal Year 2013.

axis bank ltd-temp gdr 144a (AXBC) Key Developments

Axis Bank Launches New Home Loan Product for Lower Income Segment

Axis Bank has announced the launch of Asha Home Loan, a 30 years home loan product for lower income segment. The Asha Home Loans product design and structure is the outcome of extensive research conducted by the bank with the lower income customers in India. Asha Home loans are for customers with family incomes of INR 8,000-10,000 per month and above. The customers can pool their family income instead of depending on their individual income only. The product offers loans as small as INR 0.1 million and up to INR 1.5 million in small towns and upto INR 2.5 million in larger towns. The 'Asha Home Loan' product can be availed in both floating and fixed rate options, at attractive interest rates, with simple documentation. The appraisal methodology has been formulated keeping in mind the profile of this customer segment. Asha Home Loans offers loans up to 90% of the market value of the property.

Axis Bank Raises Senior Notes in the International Market

AXIS Bank Limited announced that the Board of Directors of the bank on April 02, 2014 has passed a resolution approving the allotment of Senior Notes aggregating to USD 30,600,000 under the MTN Programme through its Dubai International Financial Centre (DIFC) branch.

Axis Bank to Open 750 Urban Branches over Next Two Years

Axis Bank has opened 250 branches in unbanked areas in fiscal year 2014 to meet the regulatory requirement, which qualifies it to launch 750 more urban branches over the next two fiscals. The move also gives the bank the opportunity to have over 750 branches in the better-performing areas in tier-I, II and III centres.


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