I also hereby authorise Axis Bank and its subsidiaries to use this data for analysis and marketing their respective products from time to time. [32], Axis Banks's equity shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). As per the proposed combination approved by CCI, the … ABUK had paid-up capital of US$ 55 million (Rs.356.68 crore) and reported a net profit Rs. [13], In 2001 UTI Bank agreed to merge with Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval and the merger did not take place. See insights on Axis Bank including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank''s proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02% with the subsidiaries Dec 6, 2020 ASL was incorporated in India on 21st July 2006. The Bank in joint venture with Mjunction Services Ltd. set up a new subsidiary namely A. TREDS Ltd. on 23rd May 2016 in which the Bank and Mjunction Services Ltd. each hold 67 per cent. It was incorporated on 7th March 2011 in the United Kingdom and commenced its operations on 19th April 2013 upon receipt of approval from the FCA. ASL is a wholly owned subsidiary of the bank and offers retail asset products, credit cards and retail brokerage services. CCI approves acquisition of stake in Max Life by Axis Bank, subsidiary companies. AAMC is approved by the SEBI to act as Investment Manager for Axis Mutual Fund. resolution thereof. Ltd.), Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.), Enam International Ltd., UAE (voluntarily dissolved with effect from 24th August 2014). ANI | Updated: Jan 21, 2021 17:00 IST. and 100% on road funding for 7 years with Axis Bank Car Loans. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003. With a plank of “One Axis”, to project a combined offering from parent (bank) and its subsidiaries, it is giving a thrust on synergy to get more share in customer wallet. [35], Following the 2016 Indian Banknote Demonetisation, a number of Axis Bank employees were arrested for facilitating money laundering activities. [27], An Indian online magazine conducted a sting operation which was publicised along with 2013 videos evidence showing a wide range of violations and money-laundering schemes by top officials at a number of Indian banks, including Axis Bank. Through this partnership, Schroder Investment Management (Singapore) Ltd. (SIMSL), through its wholly-owned subsidiary, Enam Securities Pvt. The SEBI, in a letter dated 4th September 2009, The Bank has a large footprint of 4,528 domestic branches (including extension counters) with 12,044 ATMs & 5,433 cash recyclers spread across the country as on 31st March, 2020. Govt is expected to allow 100% FDI in insurance sector and this will become a … Axis Trustee Services Limited is engaged in trusteeship activities, acting as a debenture trustee and as a trustee to various securitization trusts. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. Pvt. The S&P BSE Sensex reversed after coming as much as 120 … Ltd.), Axis Finance Ltd. (formerly Enam Finance Pvt. 481.1 crore. The sales and securities business, including the retail broking business of Axis Capital Ltd, was merged with ASL on 25th May 2013. The Bank has 11 subsidiaries; namely, Axis Capital Ltd. (ACL), Axis Securities Ltd. (ASL), Axis Private Equity Ltd. (APE), Axis Trustee Services Ltd. (ATSL), Axis Asset Management Company Ltd. (AAMC), Axis Mutual Fund Trustee AMFT is acting as a trustee to Axis Mutual Fund. SMS MINI to 56161600 or +918691000002to get your Mini Statement, Site best viewed in IE10+, Firefox 47+, Chrome 55+, Safari 5.0+ at 1024 X 768 pixels resolution. Give a missed call to 8422992272 to receive the download link for Axis Mobile via SMS. ABUK is a wholly-owned overseas subsidiary of the Bank. 2,82,16,77,934 equity shares of Rs.2/- each. Last Updated: Thu, Jan 21st, 2021, 16:49:10hrs. with effect from 24th August 2014. Axis Bank’s newly inducted Chief Executive and Managing Director Amitabh Chaudhry is reworking the organisation’s structure, adding new roles as part of its larger growth strategy. Axis Bank’s newly inducted Chief Executive and Managing Director Amitabh Chaudhry is reworking the organisation’s structure, adding new roles as part of its larger growth strategy. Axis Bank to wind down UK subsidiary. Call: 1800-419-5959 Enam Securities Pvt. By continuing your navigation, you consent to their use. The Corporate Office of Axis Bank is located at Axis House Mumbai. SMS BAL to 56161600 or +918691000002to get your Account Balance, Call: 1800-419-6969 RBI: Beware of Fictitious Offers/Lottery Winnings/Cheap Fund Offers. It is in the business of providing digital payments services through web- & mobile-based platforms and payment gateways. The Audit Committee of the Board reviews, on a quarterly basis, a synopsis of the complaints received and the Globally the bank is spread over nine international offices with branches in Singapore, Hong Kong, … The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. Ltd. (AMFT), Axis Finance Ltd (AFL), A.TREDS Ltd.(ATL) Axis Bank UK Ltd. (ABUK), Freecharge Payment Technologies Private Limited (Freecharge) and Accelyst Solutions Private Limited (Accelyst). Another subsidiary of Axis Bank, namely Axis Entities, will hold a right to acquire an additional stake of up to 7% in the life insurance company in one or more tranches, in compliance with existing laws and regulations. Do not access unknown website links.
Ltd. We use cookies to improve your journey and to personalize your web experience. [19], As of 12 August 2016, the bank had a network of 4,094 branches and extension counters and 12,922 ATMs. subsidiary of the Bank. [15], On 30 July 2007, UTI Bank changed its name to Axis Bank. occurrence of illegal, unethical or inappropriate actions, behaviour or practices by staff without fear of retribution. The same year it opened an office in Shanghai, China. In September 2012, the Bank entered into a strategic partnership with Schroders Plc. Freecharge Payment Technologies Private Limited was acquired by the Bank (from Jasper Infotech Private Limited) on October 6, 2017, post receiving approval from RBI. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The first branch was inaugurated on 2 April 1994 in Ahmedabad by Manmohan Singh, then finance minister of India. As part of this, it has adopted a clear objective to focus on the Indian banking market and harness the potential. [26], The bank offers lending services to individuals and small businesses, along with liability products, card services, Internet banking, automated teller machines (ATM) services, depository, financial advisory services, and Non-resident Indian (NRI) services. PTI. Axis Bank is the third-largest private sector bank in India and offers the entire spectrum of financial services to customer segments covering large and mid-corporates, MSME, agriculture, and retail businesses. Axis Bank has 61,940 employees across 2 locations. The overseas operations of the Bank are spread over eleven international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo, Shanghai and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary at London, UK. Axis Bank’s newly inducted Chief Executive and Managing Director Amitabh Chaudhry is reworking the organisation’s structure, adding new roles as part of its larger growth strategy. 0.63 0.74 0.87 1.03 Axis Bank has 61,940 employees across 2 locations. Certain businesses of M/s. Ltd.), Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.), Enam International Ltd., UAE (voluntarily dissolved with effect from 24 August 2014), Overall Winner & Consistent Performer – (Large Banks Category) –, Bank of the Year – Money Today FPCIL Awards 2012–13, Ranked No 1 in the IT Biz Award – large enterprises category by Express IT Awards, Joint winner under the ‘Most Innovative Broad Based Product Offering’ category -, Best Bank Award among Large Banks for IT For Business Innovation -, Best Bank for Rural Reach in the Private Sector and Best Retail Growth Performance in the Private Sector category –, Axis Bank has been adjudged winner in the Best Bank Category, Outlook Money Awards 2015, Axis Bank awarded for the Best Security among Private Sector Banks in India by, This page was last edited on 27 December 2020, at 01:22. [9] The remaining 69.19% shares are owned by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. AMFT had a paid-up capital of Rs.0.05 crore as at 31st March 2017 and the reported net profit is Rs.0.05 crore for fiscal 2017. [27][33] The company's global depository receipts (GDRs) are listed on the London Stock Exchange. The paid-up capital of ATSL was Rs.1.50 crore as at 31st March 2017 and the reported net profit is Rs.17.24 crore for fiscal 2017. What is known as Axis Bank today has started its journey in 1993 as UTI bank after the government of India allowed the establishment of private sector banks, in its attempts of liberalization. New Delhi, Jul 2 (PTI) Axis Bank on Thursday said it has decided to wind down its UK subsidiary and the move will not have any material impact on its financial position. FreeCharge Payment Technologies Private Limited and Accelyst Solutions Private Limited, which together constitute the digital payments business under the 'FreeCharge' brand. at London, UK. Axis Bank on 27 July 2017 announced that it has entered into an agreement with Jasper Infotech Private Limited to acquire 100% stake in its subsidiaries viz. [11] The bank was promoted jointly by the Administrator of the Unit Trust of India (UTI),[12] Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company. Axis Bank on Thursday said it has decided to wind down its UK subsidiary and the move will not have any material impact on its financial position. May 2017. The overseas operations of the Bank are Ltd.) (ACL), Axis Securities Ltd.. (formerly Axis Securities and Sales Ltd.) (ASL), Axis Asset Management Company Ltd. (AAMC), Freecharge Payment Technologies Private Limited (Freecharge), Accelyst Solutions Private Limited (Accelyst), Axis Securities Ltd. (formerly Enam Securities Direct Pvt. address serious concerns arising from irregularities, malpractices and other misdemeanours, if any, committed by the Bank’s personnel by approaching a Committee of senior officials of the Bank, set-up for the purpose In 2004, the RBI put Global Trust under moratorium and supervised its merger with Oriental Bank of Commerce. Leading private sector bank, Axis Bank on Thursday announced its plan to shut down its UK subsidiary. Securities, Commercial Vehicle & Construction Equipment Loan, Online Fund AAMC was incorporated on 13th January 2009 and received its certificate of commencement on 4th March 2009. [23], The bank has nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai,[24] Colombo and representative offices at Dhaka, Dubai, Sharjah and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses. subsidiary of the Bank and is in the business of marketing retail asset products, credit cards and retail broking. The paid-up capital of ASL as at 31st March 2017 was Rs.144.50 crore and the net profit for fiscal 2017 is Rs. [25] In addition to the above, the bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited. I authorize Axis Bank to call on the above mentioned number and explain the features of the product anytime between 8 am to 9 pm. ACL is in the business of merchant banking, institutional broking and investment banking. The Policy provides stakeholders with the opportunity to The deal involves a stake sale to the bank’s subsidiaries, Axis Capital and Axis Securities as well. AAMC is in the business of asset management. Axis Bank is the third largest private sector bank operating in India. *T&C apply, you can get a loan of up to Rs. I also agree to Axis Bank/ Subsidiaries/ Affiliates/ Agents contacting me for various other product updates, special offers Third … I also agree to Axis Bank/ Subsidiaries/ Affiliates/ Agents contacting me for various other product updates, special offers Third … Axis Bank has a large network of 4,050 domestic branches with 11,801 ATMs and 4,917 cash recyclers spread across the country (as on March 31, 2019). Axis Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra. The paid-up capital of AAMC is Rs.210.11 crore as at 31st March 2017 and the reported net profit is Rs.56.96 crore for fiscal 2017. 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