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Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

With its 3,779 domestic branches (including extension counters) and 12,834 ATMs across the country as on 30th June 2018, the network of Axis Bank spreads across 2,211 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has ten overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi, Dhaka and Sharjah and an overseas subsidiary at London, UK.

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. 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. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

With a balance sheet size of Rs. 6,91,330 crores as on 31st March 2018, Axis Bank has achieved consistent growth and with a 5 year CAGR (2012-13 to 2017-18) of 15% in Total Assets, 12% in Total Deposits, 17% in Total Advances.

Committee of Directors

Name of MembersCategory
Shri S. VishvanathanChairman
Smt. Shikha SharmaMember
Shri V. SrinivasanMember
Smt. Ketaki BhagwatiMember
Shri B. Babu RaoMember

Audit Committee of the Board

Name of MembersCategory
Prof. Samir K. BaruaChairman
Shri S. VishvanathanMember
Shri Rakesh MakhijaMember
Shri B. Babu RaoMember

Risk Management Committee

Name of MembersCategory
Prof. Samir K. BaruaChairman
Dr. Sanjiv Misra Member
Smt. Shikha SharmaMember
Shri Rohit Bhagat Member
Smt. Ketaki BhagwatiMember

Stakeholders Relationship Committee (erstwhile Shareholders/Investors Grievance Committee)

Name of MembersCategory
Shri B. Babu Rao Chairman
Shri Rajesh Dahiya Member
Shri S.Vishvanathan Member

Nomination and Remuneration Committee

Name of MembersCategory
Shri Rakesh Makhija Chairman
Shri Rohit Bhagat Member
Shri Som Mittal Member
Shri Stephen Pagliuca Member

Special Committee of the Board of Directors for Monitoring of Large Value Frauds

Name of MembersCategory
Prof. Samir K. Barua Chairman
Smt. Shikha Sharma Member
Shri Rakesh Makhija Member
Shri B. Babu Rao Member
Shri Rajesh Dahiya Member

Customer Service Committee

Name of MembersCategory
Shri Som Mittal Chairman
Shri B. Babu Rao Member
Shri Rajiv Anand Member

IT Strategy Committee

Name of MembersCategory
Shri Som Mittal Chairman
Smt. Shikha SharmaMember
Shri V. SrinivasanMember
Shri Rajiv Anand Member

Corporate Social Responsibility Committee

Name of MembersCategory
Shri Som Mittal Chairman
Shri Rajiv Anand Member
Shri Rajesh Dahiya Member

Review Committee (erstwhile Grievance Redressal Committee)

Name of MembersCategory
Smt. Shikha SharmaChairman
Shri S. Vishvanathan Member
Smt. Ketaki BhagwatiMember

Acquisitions, Divestments and Mergers Committee

Name of MembersCategory
Shri Rohit Bhagat Chairman
Smt. Shikha SharmaMember
Shri Rakesh Makhija Member
Smt. Ketaki BhagwatiMember

Committee of Whole-Time Directors

Name of MembersCategory
Smt. Shikha SharmaChairman
Shri V.Srinivasan Member
Shri Rajiv Anand Member
Shri Rajesh Dahiya Member

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. 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. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

The registered office of Axis Bank is located at :

‘Trishul’, 3rd Floor,
Opposite Samartheshwar Temple,
Near Law Garden, Ellisbridge,
Ahmedabad, Gujarat - 380 006

Axis House,
C-2 Wadia International Centre,
Pandurang Budhkar Marg, Worli, Mumbai – 4000 025

The Corporate Office of Axis Bank is located at Axis House Mumbai. Axis House has received the ‘Platinum’ rating awarded by the US Green Building Council for its environment friendly facilities and reduction of carbon emission.

The Bank has authorized share capital of Rs. 850 crores comprising 4,250,000,000 equity shares of Rs.2/- each.As on 31st March 2017, the Bank has issued, subscribed and paid-up equity capital of Rs. 476.67 crores, constituting 2,38,28,31,826 equity shares of Rs.2/- each. The Bank’s shares are listed on the National Stock Exchange of India Limited and the BSE Limited. The GDRs issued by the Bank are listed on the London Stock Exchange (LSE). The Bonds issued by the Bank under the MTN programme are listed on the Singapore Stock Exchange.

The Bank has a large footprint of 2904 domestic branches (including extension counters) and 12,743 ATMs spread across the country as on 31st March 2017. The overseas operations of the Bank are spread over nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses.

The Bank at present has following 11 subsidiaries namely:

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 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).

ACL was incorporated in India as a wholly-owned subsidiary of the Bank on 6th December 2005 and received its certificate of commencement of business on 2nd May 2006. Certain businesses of M/s. Enam Securities Pvt. Ltd. were merged with Axis Capital Ltd. as part of a scheme and the following companies became direct subsidiaries of ACL:

  • Axis Securities Ltd. (formerly Enam Securities Direct Pvt. Ltd.)
  • Axis Finance Ltd. (formerly Enam Finance Pvt. Ltd.)
  • Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.)
  • Enam International Ltd., UAE (voluntarily dissolved with effect from 24th August 2014)

Axis Securities Ltd., Axis Finance Ltd. and Axis Securities Europe Ltd. later became direct subsidiaries of the Bank in line with the RBI directives. Enam International Ltd., (UAE) was voluntarily dissolved with effect from 24th August 2014. The paid-up capital of ACL on 31st March 2017 was Rs.73.50 crore. ACL is in the business of merchant banking, institutional broking and investment banking. The net profit of ACL for the year ended 31st March 2017 was Rs.113.22 crore.

ASL was incorporated in India on 21st July 2006. The sales and securities business, including the retail broking business of Axis Capital Ltd, was merged with ASL on 25th May 2013. ASL is a wholly-owned 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. 51.50 crore.

APE was incorporated in India as a wholly-owned subsidiary of the Bank on 3rd October 2006 and received its certificate of commencement on 4th December 2006. APE is in the business of managing investments, venture capital funds and offshore funds.

The paid-up capital of APE is Rs. 1.50 crore and the reported net loss is Rs.0.34 crore for fiscal 2017. .

ATSL was incorporated in India as a wholly-owned subsidiary of the Bank on 16th May 2008 and received its certificate of commencement on 30th September 2008. ATSL is in the business of trusteeship services.

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.

AAMC was incorporated on 13th January 2009 and received its certificate of commencement on 4th March 2009. AAMC is in the business of asset management.

In September 2012, the Bank entered into a strategic partnership with Schroders Plc. Through this partnership, Schroder Investment Management (Singapore) Ltd. (SIMSL), through its wholly-owned subsidiary, Schroder Singapore Holdings Private Ltd. (SSHPL), acquired 25 per cent. of the total issued and paid-up equity share capital plus one equity share in AAMC.

AAMC is approved by the SEBI to act as Investment Manager for Axis Mutual Fund. Axis Mutual Fund is also registered with the SEBI. AAMC is also registered with the SEBI as a Portfolio Manager.

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.

AMFT was incorporated on 2nd January 2009 and received its certificate of commencement on 4th March 2009. AMFT is acting as a trustee to Axis Mutual Fund. The SEBI, in a letter dated 4th September 2009, granted registration to Axis Mutual Fund.

In September 2012, the Bank entered into a strategic partnership with Schroders plc. Through this partnership, SIMSL, through its wholly-owned subsidiary, SSHPL acquired 25 per cent of the total issued and paid-up equity share capital plus one equity share in AMFT.

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.

AFL was incorporated on 27th April 1995. It is a non-banking finance company regulated by the RBI. AFL is positioned to offer products in the retail as well as corporate banking segments.

As at 31st March 2017, the paid-up capital of the company was Rs.418.25 crore and the reported net profit was Rs.165.26 crore for fiscal 2017.

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. and 33 per cent., of the share capital, respectively. ATL undertakes the activities and oerations related to the trade receivable discounting system.

As at 31st March 2017, the paid-up capital of the company was Rs.25 crore.

ABUK is a wholly-owned overseas subsidiary of the Bank. 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. ABUK is in the business of commercial banking, excluding the business of retail mortgage loans.

ABUK had paid-up capital of US$ 55 million (Rs.356.68 crore) and reported a net profit Rs. 50.77 crore for fiscal 2017.

Freecharge Payment Technologies Private Limited was acquired by the Bank (from Jasper Infotech Private Limited) on October 6, 2017, post receiving approval from RBI. Freecharge is now a wholly-owned subsidiary of the Bank. It is in the business of providing digital payments services through web- & mobile-based platforms and payment gateways.

As at Oct 6, 2017, Freecharge had paid-up capital of Rs. 481.1 crore.

Accelyst Solutions Private Limited was acquired by the Bank (from Jasper Infotech Private Limited) on October 6, 2017, post receiving approval from RBI. Accelyst is now a wholly-owned subsidiary of the Bank. It is in the business of providing digital payments services through web- & mobile-based platforms.

As at Oct 6, 2017, Accelyst had paid-up capital of Rs. 579.7 crore.

Note: One of the subsidiaries of the Bank, Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.) (ASEL) which was engaged in the business of financial advisory services was wound up on 16th May 2017.

A central tenet in the Bank’s Policy on Corporate Governance is commitment to ethics, integrity, accountability and transparency. To ensure that the highest standards are maintained in these aspects on an on-going basis and to provide safeguards to various stakeholders (including shareholders, depositors and employees) the Bank has formulated a ‘Whistleblower Policy’. The Policy provides stakeholders with the opportunity to 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 (known as the Whistleblower Committee). Concerns relating to senior management can be reported directly to the Audit Committee of the Board. The Policy is intended to encourage stakeholders to report suspected or actual occurrence of illegal, unethical or inappropriate actions, behaviour or practices by staff without fear of retribution. To ensure smooth flow and management of complaints under Whistleblower policy, a web-based application – www.cwiportal.com has also been set up which provides an option for anonymous reporting thereby enabling the stakeholders to lodge their complaints online over a secure platform without fear of revelation of identity. The Policy contains provisions protecting Whistleblowers from any unfair action prejudicial to their interest. The Audit Committee of the Board reviews, on a quarterly basis, a synopsis of the complaints received and the resolution thereof.

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