Axis Bank Limited

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BSE Code: 532215       NSE Code: AXISBANK

Business Profile
Business Profile
Axis Bank (AXISBANK), formerly known as UTI Bank, is promoted by Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and its four subsidiaries. Presently, the bank has a network of more than 450 branch offices and over 1,891 ATMs.

The bank has restructured its business into four strategic profit centers, viz. corporate, retail, merchant and treasury banking. It has also diversified into investment banking, insurance, credit cards, mortgage financing, depository services and more. The bank has taken control of UTI`s collection centers in many cities. The bank is also acting as a clearing house for NSE and has also tied up with companies in e-commerce.

Presently, the bank has a very wide network of more than 578 branch offices and extension counters. The bank has a network of over 2,383 ATMs providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country.

Financials
The bank reported a phenomenal rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 60.89% to Rs 5,814.50 million from Rs 3,614 million in the same quarter last year.

Interest earned for the quarter jumped 50.80% to Rs 30,392.20 million, while total income for the quarter jumped 51.05% to Rs 38,847.30 million, when compared with the prior year period.

It posted earnings of Rs 16.20 a share during the quarter, registering 60.24% growth over previous year period.

Recent Developments
18-NOV-08
The company has tied up with Times-of-Money (a non-bank e-payments service provider) to launch AxisRemit, the bank`s own branded online remittance service.

26-JUL-08
The bank has invested Rs 2.50 billion in Lavasa Corporation, a subsidiary of Hindustan Construction Company in the form of convertible preference shares and convertible debentures. Based upon this investment the equity valuation of Lavasa works out to be Rs100 billion

13-AUG-07
Axis Bank allotted 481,691 equity shares of Rs 10 each to the employees of the bank under ESOP. The paid up share capital of the bank increase to 356,223,999 equity shares from 355,742,308 equity shares.

31-JUL-07
UTI Bank, the country`s third largest private sector lender officially changed its name to Axis Bank. The bank is planning to spend around Rs 500 million in the re-branding exercise.

23-JUL-07
The following three offerings would be settled on July 27, 2007.1. Axis Bank proposed to allot 25,621,076 shares on a preferential basis to its promoters at Rs 620 a share aggregating Rs 15,880 million.2. The bank successfully priced its offering of 14.13 million GDRs aggregating USD 218.07 million. Each GDR to be listed on the London Stock Exchange, represents one underlying share priced at USD 15.43. 3. The bank has determined the issue price of the equity shares to be offered in the proposed qualified institutional placement (QIP) to be Rs 620 per share. The size of the QIP will be Rs 17,520 million.

30-SEP-06
UTI Bank has approved the allotment of unsecured redeemable non-convertible debentures to various investors on private placement basis as the bank`s Tier 1 capital aggregating to Rs 2,140 million.


Other Information
Annual Reports for Axis Bank Limited
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2023-24
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
1999-00
1998-99

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