Axis Bank Limited provides corporate and retail banking products and services in India. It operates in four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business.
The company’s deposit products include savings, salary, and current accounts, as well as fixed, recurring, tax saver fixed and flexible deposits. It also provides a home, personal, holiday, car, business, gold, bike, and education loans, as well as loans against properties, securities, and fixed deposits; and commercial vehicle and construction equipment loans.
In addition, the company offers safe deposit locker, safe custodian, and pension system services; foreign exchange services; investment products; and life, health, travel, motor, and business guard insurance products. Further, its treasury operations comprise asset liability management, correspondent banking activity, foreign exchange and derivatives trading, bullion business, investments in SLR and Non-SLR securities, and arranger ship business; and international banking products and services cover corporate banking, trade finance, and treasury and risk management solutions.
The company also offers debit and credit cards; mutual fund and systematic investment plan; products and services for non-resident Indians; agricultural and rural banking products and services; and burgundy and priority banking products and services. As of March 31, 2018,
Axis Bank Limited operated 3,589 domestic branches and 13,977 ATMs. 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.
Overall view / Technical Analysis