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{{short description|Indian private sector bank}}{{Use dmy dates|date=December 2020}}{{Use Indian English|date=August 2020}}

{{Infobox company
| name = Axis Bank Limited
| logo = AXISBank Logo.svg
| logo_size =
| logo_alt = Axis Bank Logo
| logo_caption =
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|532215}}|{{LSE|AXBC}}|{{NSE|AXISBANK}}|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| ISIN = INE238A01034
| industry = [[Financial services]]
| products = [[Banking]], [[commodities]], [[credit card]]s, [[equities trading]], [[investment management]], [[mortgage loan]]s, [[mutual funds]], [[private equity]], [[risk management]], [[wealth management]], [[asset management]]
| key_people = {{unbulleted list|[[Amitabh Chaudhary]]<br/>{{small|([[Chief executive officer|MD & CEO]])}}|Shri Rakesh Makhija<br/>{{small|([[Chairperson]])}}}}
| revenue = {{Increase}} {{INRConvert|80847|c}}<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16|title=Axis Bank Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| revenue_year = 2021
| operating_income = {{Increase}} {{INRConvert|26746|c}}<ref name="Financials"/>
| income_year = 2021
| net_income = {{profit}} {{INRConvert|7252|c}}<ref name="Financials"/>
| net_income_year = 2021
| assets = {{Increase}} {{INRConvert|1010325|c}}<ref name="Financials"/>
| assets_year = 2021
| equity = {{Increase}} {{INRConvert|102980|c}}<ref name="Financials"/>
| equity_year = 2021
| owner = {{Unbulleted_list|[[Life Insurance Corporation]] (9.19%)|Specified Undertaking of Unit Trust of India (SUUTI) (4.68%)|[[General Insurance Corporation of India]] (1.15%)|[[New India Assurance|The New India Assurance Company Limited]] (0.74%)}}
| num_employees = 78,300<ref name="Financials"/>
| num_employees_year = 2021
| foundation = {{start date and age|1993|12|03|df=y}}
| num_locations = 4594
| num_locations_year = 2021
| location = Mumbai, [[Maharashtra]], India<ref name="Corporate Profile">{{cite web |url=http://www.axisbank.com/media-center/bank-profile.aspx |title=Media Center – Corporate Profile |publisher=Axis Bank |access-date=26 January 2014}}</ref>
| subsid = {{Unbulleted_list|Axis Asset Management Company Ltd.|[[Axis Mutual Fund]] Trustee Ltd.|Axis Capital Ltd.|Axis Finance Ltd.|Axis Securities Ltd.|A.TREDS Ltd.|Axis Bank UK Ltd.|Axis Trustee Services Ltd.|[[Freecharge]]|Accelyst Solutions Private Ltd.|Axis Private Equity Ltd.<ref>{{cite web|url=https://www.axisbank.com/annual-report-2018-2019/axis_2018-19.pdf|title=Axis Bank Annual Report 2018-2019}}</ref>}}
| ratio = 9.35% (December 2019)
| homepage = {{URL|www.axisbank.com}}
| footnotes = <ref>{{cite web|url=https://www.axisbank.com/docs/default-source/quarterly-results/press-release-q3fy20.pdf|title=Axis Bank announces financial results for the quarter ended 31st December 2019}}</ref><ref>{{cite news|url=https://www.moneycontrol.com/news/business/rbi-approves-appointment-of-rakesh-makhija-as-chairman-of-axis-bank-4059311.html/amp|title=RBI approves appointment of Rakesh Makhija as Chairman of Axis Bank|work=moneycontrol|access-date=5 June 2019}}</ref><ref>{{cite web|url=https://www.peoplematters.in/news/appointments/axis-bank-md-and-ceo-shikha-sharma-retires-amitabh-chaudhary-takes-charge-20395|title=Amitabh Chaudhary takes charge|date=2 January 2019|access-date=2 January 2019|work=peoplematters}}</ref>
}}

'''Axis Bank Limited''' is an Indian [[banking]] and [[financial services]] company headquartered in Mumbai, [[Maharashtra]].<ref name="Axis Bank Annual 2017-18">{{citation|url=https://www.axisbank.com/docs/default-source/annual-reports/for-axis-bank/annual-report-2019.pdf|title= Axis Bank Annual Report PDF 2018–19|work=Axix Bank}}</ref> It sells financial services to large and mid-size companies, SMEs and retail businesses.<ref name="Corporate Profile" />

As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group ([[United India Insurance Company|United India Insurance Company Limited]], [[Oriental Insurance Company Limited]], [[National Insurance Company Limited]], [[New India Assurance|New India Assurance Company Ltd]], [[General Insurance Corporation of India|GIC]], [[Life Insurance Corporation of India|LIC]] and [[Unit Trust of India|UTI]]).<ref>{{cite web|title=Statement showing shareholding pattern of the Promoter and Promoter Group|url=http://www.bseindia.com/corporates/shpPromoterNGroup.aspx?scripcd=532215&qtrid=90.00&QtrName=June%202016|website=BSE|access-date=8 October 2016}}</ref> The remaining 69.19% shares are owned by mutual funds, [[Institutional investor#India|FIIs]], banks, insurance companies, corporate bodies and individual investors.<ref>{{cite web|title=Statement showing shareholding pattern of the Public shareholder|url=http://www.bseindia.com/corporates/shpPublicShareholder.aspx?scripcd=532215&qtrid=90.00&QtrName=June%202016|website=BSE|access-date=8 October 2016}}</ref>

==History==
The bank was founded on December 3rd, 1993 as UTI Bank, opening its registered office in [[Ahmedabad]] and a corporate office in [[Mumbai]].<ref>{{cite web|last1=Kotak|first1=Uday|title=Uday Kotak: Now, wait for the next Big Thing|url=http://www.business-standard.com/article/companies/bs-40-now-wait-for-the-next-big-thing-114102701284_1.html|website=Business Standard India|access-date=1 October 2016|date=27 October 2014}}</ref> The bank was promoted jointly by the Administrator of the [[Unit Trust of India]] (UTI),<ref>{{cite web|title=SUUTI money belongs to UTI investors and not to the government by enforcing the l|url=http://www.firstpost.com/business/suuti-money-belongs-to-uti-investors-and-not-to-the-government-1353335.html|publisher=Firstpost|access-date=1 October 2016|date=22 January 2014}}</ref> [[Life Insurance Corporation of India]] (LIC), General Insurance Corporation, National Insurance Company, [[New India Assurance|The New India Assurance Company]], The Oriental Insurance Corporation and [[United India Insurance Company]]. The first branch was inaugurated on 2 April 1994 in [[Ahmedabad]] by [[Manmohan Singh]], then finance minister of India.<ref>{{cite web |title=Axis Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Axis Bank - NDTVProfit.com |url=https://www.ndtv.com/business/stock/axis-bank-ltd_axisbank/reports |website=www.ndtv.com}}</ref>

In 2001 UTI Bank agreed to merge with [[Global Trust Bank (India)|Global Trust Bank]], but the [[Reserve Bank of India]] (RBI) withheld approval and the merger did not take place. In 2004, the RBI put Global Trust under moratorium and supervised its merger with [[Oriental Bank of Commerce]]. The following year, UTI bank was listed on the [[London Stock Exchange]].<ref>{{cite web|title=AXIS BANK REGS share price (AXB)|url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/US05462W1099USUSDIOBE.html|website=London Stock Exchange|access-date=1 October 2016}}</ref> In the year 2006, UTI Bank opened its first overseas branch in [[Singapore]]. The same year it opened an office in [[Shanghai]], [[China]]. In 2007, it opened a branch in the [[Dubai International Financial Centre]] and branches in [[Hong Kong]].<ref>{{cite web|title=India's Axis Bank seeks Gulf expansion with branch in Sharjah|url=http://www.thenational.ae/business/banking/indias-axis-bank-seeks-gulf-expansion-with-branch-in-sharjah|website=The National|access-date=1 October 2016}}</ref>

On 30 July 2007, UTI Bank changed its name to Axis Bank.<ref>url = https://www.livemint.com/Companies/kHWbcToVD2OSRnDNXVqGeP/UTI-Bank-is-now-Axis-Bank.html</ref>

In 2009, [[Shikha Sharma]] was appointed as the MD and CEO of Axis Bank.<ref>{{Cite news|last=P. Mampatta|first=Sachin|date=16 May 2013|title=Shikha Sharma gets a salary hike|work=Business Standard India|url=https://www.business-standard.com/article/companies/shikha-sharma-gets-a-salary-hike-113051600522_1.html|access-date=11 September 2019}}</ref>

In 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations.<ref>{{cite web|last1=Rebello|first1=Joel|title=Axis Bank launches its first overseas subsidiary|url=http://www.livemint.com/Industry/L6pDpFwXLzVgRVnupAt17O/Axis-Bank-launches-its-first-overseas-subsidiary.html|access-date=1 October 2016|website=Mint newspaper}}</ref>

On 1 January 2019, [[Amitabh Chaudhry]] took over as MD and CEO.<ref>{{Cite news|agency=Press Trust of India|date=31 December 2018|title=Shikha Sharma retires as Axis Bank MD & CEO, Amitabh Chaudhry to succeed|work=Business Standard India|url=https://www.business-standard.com/article/finance/axis-bank-md-ceo-shikha-sharma-retires-118123100873_1.html|access-date=11 September 2019}}</ref>

In year 2021,the Bank had reduced its stake in [[Yes Bank]] from 2.39 per cent to 1.96 per cent.<ref name="Axis Ref1">{{cite news |last1=Manohar |first1=Asit |title=Axis Bank trims stake in Yes Bank |url=https://www.livemint.com/companies/news/axis-bank-trims-stake-in-yes-bank-11620105141355.html |access-date=5 May 2021 |publisher=mint |date=4 May 2021 |language=en}}</ref>

==Operations==

===Indian Business===
{{CSS image crop
|Image = Axis Bank, Temple Road, Mysore.jpg
|bSize = 300
|cWidth = 270
|cHeight = 130
|oTop = 60
|oLeft=30
|Location=right
|Description = Axis Bank branch in [[Mysore]]
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As of 12 August 2016, the bank had a network of 4,096 branches and extension counters and 12,922 ATMs.<ref>{{Cite news|url=https://www.axisbank.com/docs/default-source/quarterly-results/axis-bank-announces-financial-results-for-the-quarter-ended-30th-june-2019.pdf|title=AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2019}}</ref>

Axis Bank has the largest ATM network among private banks in India.<ref>{{cite news |url=http://in.finance.yahoo.com/news/axis-bank-inaugurates-10-000th-085710952.html |title=Axis Bank inaugurates 10,000th ATM at Akurdi, Pune |newspaper=Yahoo! Finance |date=11 April 2012 |access-date=26 January 2014}}</ref><ref>{{cite news |url=http://groundreport.com/axis-bank-continues-to-be-the-largest-atm-network-provider/ |title=Axis Bank Continues to be the largest ATM network provider |newspaper=Ground Report |date=11 April 2012 |access-date=26 January 2014}}</ref> It even operates an ATM at one of the world's highest sites at Thegu, [[Sikkim]] at a height of 4,023 meters (13,200 ft) above sea level.<ref>{{cite web |url=http://sevendiary.com/worlds-highest-atm-sikkim/ |title=World's Highest ATM in Sikkim |publisher=SevenDiary.com |date=6 February 2013 |access-date=26 January 2014}}</ref>

===International business===
The bank has nine international offices with branches at [[Singapore]], Hong Kong, Dubai (at the DIFC), Shanghai,<ref>{{cite web |url=http://www.cbrc.gov.cn/govView_F8C3E31D835F4E0DAAF60B25A49C7D89.html |title=中国银监会关于印度同心银行有限公司上海分行开业的批复 |publisher=中国银行业监督管理委员会 |date=28 August 2013 |archive-url=https://web.archive.org/web/20150518085836/http://www.cbrc.gov.cn/govView_F8C3E31D835F4E0DAAF60B25A49C7D89.html |archive-date=18 May 2015 |url-status=dead }}{{zh}}</ref> Colombo and representative offices at Dhaka, Dubai, Sharjah and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses.<ref>{{cite web|title=Axis Bank enters Bangladesh, opens representative office in Dhaka|url=http://www.business-standard.com/article/pti-stories/axis-bank-enters-bangladesh-opens-rep-office-in-dhaka-115112200293_1.html|website=Business Standard India|date=23 November 2015}}</ref> In addition to the above, the bank has a presence in [[United Kingdom|UK]] with its wholly owned subsidiary Axis Bank UK Limited.<ref>{{cite news |url=http://in.reuters.com/article/axis-bank-licence-britain-idINDEE96A0BK20130711 |title=Axis Bank to open for business in Britain |newspaper=Reuters |date=11 July 2013 |access-date=26 January 2014}}</ref>

==Services==

===Retail banking===

The bank offers lending services to individuals and small businesses, along with liability products, card services, Internet banking, [[automated teller machine]]s (ATM) services, depository, financial advisory services, and [[Non-resident Indian and person of Indian origin|Non-resident Indian]] (NRI) services.<ref name="AR201213">{{cite web |url=http://www.axisbank.com/download/Annual-Report-2013.pdf |title=Annual Report for the year 2012–2013 |publisher=Axis Bank |access-date=26 January 2014 |archive-url=https://web.archive.org/web/20140122213622/http://www.axisbank.com/download/Annual-Report-2013.pdf |archive-date=22 January 2014 |url-status=dead }}</ref> Axis bank is a participant in RBI's NEFT enabled participating banks list.<ref>{{cite web|url = https://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=112|title = RBI's list of Banks participating in NEFT|access-date = 31 August 2015|publisher = Reserve Bank of India}}</ref>

===Corporate banking===
'''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.<ref>{{cite web|title=Transaction banking huge focus for Axis Bank|url=http://economictimes.indiatimes.com/news/et-tv/transaction-banking-huge-focus-for-axis-bank/videoshow/49284158.cms|website=Economic Times|access-date=4 October 2016}}</ref>

'''Investment banking and trustee services''': The bank provides investment banking and trusteeship services through its owned subsidiaries. Axis Capital Limited provides investment banking services relating to equity capital markets, institutional stock brokering besides M&A advisory. Axis Trustee Services Limited is engaged in trusteeship activities, acting as a debenture trustee and as a trustee to various [[securitization]] trusts.<ref>{{cite web|title=IDBI Trust, Kotak AMC, LIC among top entities holding $7 billion pledged shares of India Inc|url=http://economictimes.indiatimes.com/markets/stocks/news/idbi-trust-kotak-amc-lic-among-top-entities-holding-7-billion-pledged-shares-of-india-inc/articleshow/53854112.cms|website=The Economic Times|access-date=4 October 2016}}</ref>

===International banking===

The bank offers corporate banking, trade finance, treasury and risk management through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo, and also retail liability products from its branches at [[Hong Kong]] and [[Colombo]].<ref>{{cite web|last1=Dash|first1=Dillip Satapathy & Jayajit|title=Axis Bank to scale up global banking operations|url=http://www.business-standard.com/article/finance/axis-bank-to-scale-up-global-banking-operations-111042800080_1.html|website=Business Standard India|access-date=4 October 2016|date=28 April 2011}}</ref> The representative office at [[Dhaka]] was inaugurated during the current financial year.<ref>{{cite web|title=Axis Bank opens its representative office in Dhaka to strengthenits International presence|url=http://www.sify.com/news/axis-bank-opens-its-representative-office-in-dhaka-to-strengthenits-international-presence-news-default-plxqkMfageehb.html|archive-url=https://web.archive.org/web/20161005115830/http://www.sify.com/news/axis-bank-opens-its-representative-office-in-dhaka-to-strengthenits-international-presence-news-default-plxqkMfageehb.html|url-status=dead|archive-date=5 October 2016|website=Sify|access-date=4 October 2016}}</ref>

==Listing and shareholding==

Axis Banks's [[Common stock|equity shares]] are listed on the [[Bombay Stock Exchange]] (BSE) and [[National Stock Exchange of India]] (NSE).<ref name="AR201213" /><ref>{{cite web|title=Listing Information – Axis Bank|url=http://economictimes.indiatimes.com/axis-bank-ltd/infocompanylisting/companyid-9175.cms|access-date=26 January 2014|website=Economic Times}}</ref> The company's [[global depository receipt]]s (GDRs) are listed on the [[London Stock Exchange]].<ref>{{cite web|title=Axis Bank Limited GDR|url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=US05462W1099USUSDIOBE|access-date=26 January 2014|publisher=London Stock Exchange}}</ref> The Bonds issued by the bank under the [[Medium term note|MTN]] program are listed on the [[Singapore Exchange|Singapore Stock Exchange]].<ref name="AR201213" />

==Controversies==

===[[Operation Red Spider]]===
An Indian online magazine [[Operation Red Spider|conducted a sting operation]] which was publicised along with 2013 videos evidence showing a wide range of violations and money-laundering schemes by top officials at a number of Indian banks, including Axis Bank. Consequently, penalties of {{INRConvert|50|m}} on Axis Bank, {{INRConvert|45|m}} on [[HDFC Bank]], and {{INRConvert|10|m}} on [[ICICI Bank]] were imposed by the [[Reserve Bank of India]].<ref>{{cite web|title=RBI penalises Axis Bank, HDFC Bank and ICICI Bank|url=https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=28840|publisher=Reserve Bank of India|access-date=25 December 2016}}</ref>

===2016 Demonetisation related money laundering===

Following the 2016 Indian Banknote Demonetisation, a number of Axis Bank employees were arrested for facilitating money laundering activities.<ref>{{cite news|title=Demonetisation: ED arrests 2 bank managers for laundering|url=http://www.ptinews.com/news/8152329_Demonetisation--ED-arrests-2-bank-managers-for-laundering|access-date=25 December 2016|publisher=Press Trust of India|date=5 December 2016}}</ref> Some media outlets highlighted the disproportionate number of cases involving the bank, and claimed that the bank's aggressive performance targets and internal culture fostered such activities and that the blame does not lie solely in the hands of arrested employees.<ref>{{cite news|last1=Hazari|first1=Hemindra|title=Axis Bank – A License to Launder?|url=https://thewire.in/89211/axis-bank-license-launder/|access-date=25 December 2016|publisher=The Wire|date=23 December 2016}}</ref>

==Initiatives==

===Axis Thought Factory===
An innovation hub located in [[Bengaluru]] has an in-house innovation team and an accelerator program.<ref>{{cite web|title=Axis Bank ties up with Amazon, Visa to help startups in India|url=http://economictimes.indiatimes.com/small-biz/startups/axis-bank-ties-up-with-amazon-visa-to-help-startups-in-india/articleshow/53875852.cms|website=The Economic Times|access-date=3 October 2016}}</ref> With this launch, Axis Bank became the first Indian bank to introduce a dedicated innovation lab in the country.<ref>{{cite web|title=Axis Bank first in India to launch innovation lab, Thought Factory|url=http://www.bankingtech.com/522952/axis-bank-first-in-india-to-launch-innovation-lab-thought-factory/|website=Banking Technology|access-date=3 October 2016}}</ref><ref>{{cite web|title=Axis Bank launches 'Thought Factory'|url=http://www.deccanherald.com/content/555079/axis-bank-launches-thought-factory.html|website=Deccan Herald|access-date=3 October 2016}}</ref><ref>{{cite web|title=Zone Startups selected by Axis Bank to run Fintech Accelerator|url=http://www.indiainfoline.com/article/news-top-story/zone-startups-selected-by-axis-bank-to-run-fintech-accelerator-116070100419_1.html|website=India Infoline|access-date=3 October 2016}}</ref>

===Asha home loans===
Asha home loans targets first-time home buyers in the lower-income segment.<ref>{{cite web|title=Axis Bank launches home loan scheme for lower income group|url=http://www.thehindu.com/business/Industry/axis-bank-launches-home-loan-scheme-for-lower-income-group/article5863631.ece|website=The Hindu|access-date=3 October 2016|language=en-IN|date=3 April 2014}}</ref><ref>{{cite web|last1=Singh|first1=Priyanka|title=Axis Bank launches 30-year 'affordable housing' loan to lower income segment|url=http://timesofindia.indiatimes.com/business/india-business/Axis-Bank-launches-30-year-affordable-housing-loan-to-lower-income-segment/articleshow/33136615.cms|website=Times of India|access-date=3 October 2016}}</ref> The product offers loans from {{INRConvert|100|k}}–{{INRConvert|1.5|m}} in small towns (population less than 1 million) and up to {{INRConvert|2.8|m}} in larger towns (population over 1 million), to customers with family incomes of {{INRConvert|8|k}}–{{INRConvert|10|k}} per month and above.<ref>{{cite web|last1=Vishwanathan|first1=Vivina|title=Product crack: Asha Home Loan|url=http://www.livemint.com/Money/xVfqopf5sBzER6C2TEoxFN/Product-crack-Asha-Home-Loan.html|website=Mint (newspaper)|access-date=3 October 2016|date=7 April 2014}}</ref>

===eKYC===
eKYC (electronic [[know your customer]])<ref>{{Cite news|url=http://www.theinvestmentmania.com/ekyc-verified-online-aadhaar-card-mutual-funds/|title=Get eKYC Verified Online By Aadhaar Card in 2 Minutes {{!}} Mutual Funds|date=21 November 2016|newspaper=The Investment Mania|language=en-US|access-date=11 December 2016}}</ref> is an online, paperless Aadhaar card-based process for fulfilling KYC requirements to start investing in mutual funds without the submission of any documents. Axis Bank partnered with [[Visa Inc.]] to launch the 'eKYC' facility, and was the first organization in India to introduce [[biometrics]]-based KYC.<ref>{{cite news |url=http://www.firstpost.com/investing/have-an-aadhaar-card-axis-bank-now-allows-e-kyc-to-open-account-1192155.html |title=Have an Aadhaar card? Axis Bank now allows e-KYC to open account |newspaper=First Post |date=24 October 2013 |access-date=26 January 2014}}</ref>

==Subsidiaries==

=== Axis Capital Ltd. ===
Axis Capital Ltd. was incorporated in India as a wholly owned subsidiary of the bank on 6 December 2005 and received its certificate of commencement of business on 2 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 Axis Capital:<ref>{{Cite web|title=Axis Capital (India) Company Profile: Acquisition & Investors {{!}} PitchBook|url=https://pitchbook.com/profiles/company/43086-25|access-date=2020-12-07|website=pitchbook.com|language=en}}</ref>

# 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 24 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.{{Citation needed|date=December 2020}}

=== Axis Securities Ltd. ===
Axis Securities Ltd.was incorporated in India on 21 July 2006. The sales and securities business, including the retail broking business of Axis Capital Ltd, was merged with ASL on 25 May 2013. ASL is a wholly owned subsidiary of the bank and offers retail asset products, credit cards and retail brokerage services.<ref>{{Cite web|url=https://simplehai.axisdirect.in/|title=About Axis Securities|last=User|first=Super|website=simplehai.axisdirect.in|language=en-gb|access-date=24 September 2019}}</ref>

=== Axis Private Equity Ltd. ===
Axis Private Equity Ltd. was incorporated in India as a wholly owned subsidiary of the bank on 3 October 2006 and received its certificate of commencement on 4 December 2006. APE manages investments, venture capital funds and offshore funds.{{citation needed|date=January 2020}}

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

== Acquisitions ==
Axis Bank acquired [[Freecharge]], a digital marketplace for financial services in 2017 for approximately ₹385 crore.<ref>{{Cite news|last=Variyar|first=Mugdha|title=Axis Bank acquires FreeCharge for Rs 385 crore|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/axis-bank-acquires-freecharge-for-rs-385-crore/articleshow/59789257.cms|access-date=13 October 2020}}</ref>

==Awards==
===2010===
* Best Debt House in India – [[Euromoney]]<ref>{{cite web|title=2010 Asian Awards for excellence: By country|url=http://www.euromoney.com/Article/2625674/2010-Asian-Awards-for-excellence-By-country.html|website=Euromoney|access-date=1 October 2016}}</ref>
* Best Domestic Debt House in India – [[Asiamoney]]<ref>{{cite web|title=Asia's best banks stand out|url=http://www.globalcapital.com/article/z3zwr7r3cn92/asias-best-banks-stand-out|website=Asiamoney|access-date=1 October 2016}}</ref>
* Overall Winner & Consistent Performer – (Large Banks Category) – [[Business Today (business magazine)|Business Today]] Best Bank Awards 2010<ref>{{cite web|title=India's best banks|url=http://www.businesstoday.in/magazine/cover-story/indias-best-banks/story/11331.html|website=Business Today|access-date=1 October 2016}}</ref>

===2011===
* Bank of the Year – India –[[The Banker]] Awards 2011<ref>{{cite web|title=Axis Bank named Bank of the Year:'The Banker'|url=http://www.indiainfoline.com/article/news/axis-bank-named-bank-of-the-year-the-banker-5302413039_1.html|website=India Infoline|access-date=1 October 2016}}</ref>

===2012===
* Bank of the Year – Money Today FPCIL Awards 2012–13<ref>{{cite web|title=The winners of first Money Today FPCIL Awards|url=http://www.businesstoday.in/moneytoday/financial-planning/the-winners-of-first-money-today-fpcil-awards/story/192699.html|website=Business Today|access-date=1 October 2016}}</ref>
* Best Private Sector Bank – [[CNBC-TV18]] India's Best Bank and Financial Institution Awards 2012<ref>{{cite web|title=MCX-SX presents CNBC TV18's *'India Best Banks and Financial Institutions Awards 2012'|url=http://www.indiainfoline.com/article/news-business/mcx-sx-presents-cnbc-tv18s-india-best-banks-and-financial-institutions-awards-2012-113110702996_1.html|website=India Infoline|access-date=1 October 2016}}</ref>

===2013===
* Ranked No 1 in the IT Biz Award – large enterprises category by Express IT Awards<ref>{{cite web|title=Express IT Awards|url=http://www.tcs.com/SiteCollectionDocuments/TCS_News/TCS-Green-IT-Express-IT-Award-1213-1.pdf|access-date=1 October 2016|archive-url=https://web.archive.org/web/20140904111527/http://www.tcs.com/SiteCollectionDocuments/TCS_News/TCS-Green-IT-Express-IT-Award-1213-1.pdf|archive-date=4 September 2014|url-status=dead}}</ref>
* Joint winner under the ‘Most Innovative Broad Based Product Offering’ category - [[Indian Banks' Association|IBA]] Innovations Award.<ref>{{cite web|title=IBA Awards for Innovation in Banking 2013 |url=http://www.iba.org.in/documents/ib_dec_pag_18.pdf |website=Indian Banks' Association |access-date=1 October 2016 |url-status=dead |archive-url=https://web.archive.org/web/20140103205344/http://www.iba.org.in/Documents/IB_Dec_pag_18.pdf |archive-date=3 January 2014 }}</ref>

===2014===
* Best Domestic Bank in India- [[Asiamoney]] Best Banks 2014<ref>{{cite web|title=Asiamoney Best Domestic Bank Awards|url=http://www.globalcapital.com/article/mk6qhxdzz95f/asiamoney-best-domestic-bank-awards|website=Asiamoney|access-date=1 October 2016}}</ref>
* Best Bank Award among Large Banks for IT For Business Innovation - [[Institute for Development and Research in Banking Technology|IDRBT]] Banking Technology Excellence Awards 2014<ref>{{cite web|last1=Starz|first1=Theme|title=Banking Technology Excellence Awards 2014–15|url=http://www.idrbt.ac.in/bta1415.html|website=IDRBT|access-date=1 October 2016}}</ref>
* Best Bank for Rural Reach in the Private Sector and Best Retail Growth Performance in the Private Sector category – [[Dun & Bradstreet]] - Polaris Financial Technology Banking Awards 2014<ref>{{cite web|title=Bank of Baroda and HDFC Bank Limited win top honours at the Dun & Bradstreet Polaris Financial Technology Banking Awards 2014 Dun & Bradstreet releases study on Indias Top Banks 2014|url=http://www.dnb.co.in/News_Press.asp?mid=358|website=Dun & Bradstreet India|access-date=1 October 2016}}</ref>

===2015===
* Axis Bank has been adjudged winner in the Best Bank Category, Outlook Money Awards 2015<ref>{{cite web|title=Outlook Money Awards 2015: The Winning Set|url=http://www.outlookmoney.com/invest/alternate/outlook-money-awards-2015-the-winning-set-535|website=Outlook Money|access-date=3 October 2016}}</ref>
* Axis Bank awarded for the Best Security among Private Sector Banks in India by [[Data Security Council of India]] (DSCI).<ref>{{cite web|title=Winners Data Security Council of India|url=https://www.dsci.in/taxonomypage/1280|website=Dsci.in|access-date=3 October 2016}}</ref>
* Best Domestic Bank in India – [[Asiamoney]] Best Banks 2015<ref>{{cite web|title=Asiamoney Best Domestic Bank Awards|url=http://www.globalcapital.com/article/s5kxfkgzm1ry/asiamoney-best-domestic-bank-awards|website=Asiamoney|access-date=3 October 2016}}</ref>
* Axis Bank has been featured in [[Limca Book of Records]] 2015 for creating a National Record for its campaign – 'Plant a Sapling'<ref>{{cite web|title=LARGEST PLANTATION DRIVE BY A BANK|url=http://www.limcabookofrecords.in/record-detail.aspx?rid=1349|website=Limca Book of Records|access-date=3 October 2016|archive-url=https://web.archive.org/web/20161005084004/http://www.limcabookofrecords.in/record-detail.aspx?rid=1349|archive-date=5 October 2016|url-status=dead}}</ref>
* No. 1 Promising Banking Brand of 2015, [[Economic Times Awards]] 2015<ref>{{cite web|title=Economic Times Most Promising Brands 2015 unveiled {{!}} Best Media Info, News and Analysis on Indian Advertising, Marketing and Media Industry|url=http://www.bestmediainfo.com/2015/03/economic-times-most-promising-brands-2015-unveiled/|website=Best Media Info|access-date=3 October 2016}}</ref>

==See also==

* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Axis Direct]]

== References ==
{{Reflist|2}}

==External links==
* {{official}}
* Business data for Axis Bank: [https://www.reuters.com/finance/stocks/overview/AXBK.NS Reuters] [https://finance.google.com/finance?q=NSE:AXISBANK Google Finance] [https://www.bloombergquint.com/stock/112501/axis-bank-ltd BloombergQuint]

{{Banking in India}}
{{Financial services in India|state=collapsed}}
{{Nifty 200 companies}}
{{BSE Sensex}}
{{S&P CNX Nifty companies}}

{{Authority control}}
[[Category:Banks based in Mumbai]]
[[Category:Indian brands]]
[[Category:Indian companies established in 1993]]
[[Category:Banks established in 1993]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:NIFTY 50]]
[[Category:BSE SENSEX]]
[[Category:Axis Bank]]
[[Category:1993 establishments in Maharashtra]]

Axis Bank - Revision history

CleanupBot II at 18:36, 13 August 2023