Document Sample

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 today is capitalized to the extent of Rs. 359.76 crores with the public holding (other
than promoters) at 57.79%.

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 853 branches and Extension Counters (as on
30th June 2009). The Bank has a network of over 3723 ATMs (as on 30th June 2009)
providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM
networks in the country.

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.

Key Personnel: Smt. Shikha Sharma Managing Director & CEO Shri M. M. Agrawal
Deputy Managing Director (Designate)


Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the
country, UTI. The Bank was set up with a capital of Rs. 115 crore, with UTI contributing Rs.
100 crore, LIC - Rs. 7.5 crore and GIC and its four subsidiaries contributing Rs. 1.5 crore

SUUTI - Shareholding 27.02%

Mission and Values


       Customer Service and Product Innovation tuned to diverse needs of individual and
       corporate clientele.
       Continuous technology upgradation while maintaining human values.
       Progressive globalization and achieving international standards.
       Efficiency and effectiveness built on ethical practices.

Core Values

       Customer Satisfaction through
          o Providing quality service effectively and efficiently
             o "Smile, it enhances your face value" is a service quality stressed on
             o Periodic Customer Service Audits
          Maximisation of Stakeholder value
          Success through Teamwork, Integrity and People


Mar-08           Axis Bank launches Platinum Credit Card, India's first EMV chip based card
Dec-07           Axis Bank gets AAA National Long-Term Rating from Fitch Ratings
Sept-07          Axis Bank ties up with Banque Privée Edmond de Rothschild Europe for
                 Wealth Management
July-07          UTI Bank re-brands itself as Axis Bank
July-07          UTI Bank successfully raises USD 1050 million
July-07          UTI Bank ties up with Tata Motors Ltd. for Car Loans
June-07          UTI Bank's expansion into Asia supported by FRS
May-07           UTI Bank launches 'Spice Rewards' on the bankcards - India's first-ever
                 merchant-supported rewards program
April-07         UTI Bank opens a Financial Services Category I Branch in the DIFC in Dubai
Mar-07           UTI Bank ties up with Hyundai Motor India Ltd. for Car Loans
Mar-07           UTI Bank ties up with IIFCL to provide finance for infrastructural projects in
                 the country
Mar-07           UTI Bank launches Car Loans in association with Maruti Udyog Ltd
Mar-07           UTI Bank opens a Full Licence Bank Branch in Hong Kong
Feb-07           Finance Minister Shri P. Chidambaram Launches Shriram - UTI Bank Co -
                 Branded Credit Card Exclusively For Small Road Transport Operators
Feb-07           UTI Bank announces the launch of its Meal Card
Feb-07           UTI Bank announces the launch of its Gift Card
Feb-07           LIC Premium payment now through UTI Bank Branches
Jan-07           UTI bank opens Priority Banking branch in Mumbai and Kolkata

Financial Highlights

          Rapid Growth in the Bank’s core businesses
             o Total Net Advances grow 28% yoy to Rs. 78,105 crores
             o Total Investments grow 30% yoy to Rs. 46,328 crores
             o Total Assets register a 24% yoy growth, rising to Rs. 1,41,142 crores
             o Fees grow by 17% yoy, rising to Rs. 626.63 crores
   o Share of demand deposits in total deposits at 40%
Retail Assets grow by 15% yoy to Rs. 16,780 crores; constitute 21% of total
advances, as compared to 24% as on end June ’08
Net NPAs at 0.41%, compared to 0.47% as at end June ’08
At end June ’09, Book Value per share was Rs. 299.76, compared to Rs. 254.42 as at
end June ’08
Capital Adequacy at 15.28% with Tier – I capital at 9.39%