10 Facts About Axis Bank

Axis Bank Limited, formerly known as UTI Bank, is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.

Axis Bank was founded on 3 December 1993 as UTI Axis Bank, opening its registered office in Ahmedabad and a corporate office in Mumbai.

Axis Bank has the largest ATM network among private banks in India.

Axis Bank has nine international offices with branches at Singapore, Hong Kong, Dubai, Shanghai, Colombo and representative offices at Dhaka, Dubai, Sharjah and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses.

Axis Bank offers lending services to individuals and small businesses, along with liability products, card services, Internet banking, automated teller machines services, depository, financial advisory services, and Non-resident Indian services.

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Transaction banking: Axis Bank provides products and services related to transaction banking to customers in areas of current accounts, cash management services, capital market services, trade, foreign exchange and derivatives, cross-border trade and correspondent banking services and tax collections on behalf of the Government and various State Governments in India.

Axis Bank offers corporate banking, trade finance, treasury and risk management through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo, and retail liability products from its branches at Hong Kong and Colombo.

Axis Bank partnered with Visa Inc to launch the 'eKYC' facility, and was the first organization in India to introduce biometrics-based KYC.

Axis Mutual Fund is a subsidiary of Axis Bank established in 2009 with in headquarters in Mumbai.

Axis Bank acquired Freecharge, a digital marketplace for financial services in 2017 for approximately ?385 crore.