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SR.NO CONTENTS
1 INTRODUCTION
2 COMPANY PROFILE
3 COMPANY HISTORY
4 PRODUCT PROFILE
7 RESEARCH METHODOLOGY
• PRIMARY DATA
• SECONDARY DATA
9 SWOT ANALYSIS
10 FINDINGS
11 CONCLUSIONS
12 BIBLIOGRAPHY
1. INTRODUCTION
❖ Both type of bank offer same services, however charges differ and so
as the quality and time duration for the services provided. One can
also see the difference between interest rates.
AXIS BANK
Type Private
Traded as BSE: 532215
LSE: AXBC
NSE: AXISBANK
Industry Banking, Financial services
Founded 1990 (as UTI Bank)
Headquarters Mumbai, Maharashtra, India
Key people Amitabh Chaudhry (MD & CEO)
Website www.axisbank.com
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.
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
shareholding of Unit Trust of India was subsequently transferred to SUUTI,
an entity established in 2003.
3. Axis Bank has been awarded the title of Super brand 2014-2015, by
Super brands.
Green Banking
The recycling initiative under the green banking banner has helped the
bank productively use around 21572 kilograms of dry waste during the
year. The axis bank’s corporate office in Mumbai is designed and
constructed as platinum LEED certified green banking.
3. COMPANY HISTORY
Axis Bank began its operations in 1994, after the government of India
allowed new private banks to be established. The bank was promoted in
1993 jointly by the administrator of the unit trust of India (uti-1). Life
Insurance Corporation of India (LIC), General Insurance Corporation Ltd,
National Insurance Company Ltd, the new India Assurance Company, The
Oriental Insurance Corporation and united in the Indian capital market and
has promoted, any leading financial institutions India insurance company.
The unit trust of India holds a special position in the country.
Axis bank (erstwhile UTI bank) opened its registered office in Ahmadabad
and corporate office in Mumbai in December 1993. The first branch was
inaugurated on 2nd April 1994 in Ahmadabad by Dr. Manamohan Singh,
the finance minister of India.
In 2001 UTI bank agreed to merge with and amalgamate Global Trust Bank,
but the reserve bank of India (RBI) withheld approval and nothing came of
this. In 2004 the RBI put Global Trust into moratorium and supervised its
merger into oriental bank of commerce.
UTI bank opened its first overseas branch in 2006 Singapore. That same
year it opened a representative office in shanghai, china.
1994-1997
1. Incorporated as UTI Bank, headquarter in Mumbai.
2. First branch inaugurated at Ahmadabad.
3. Completes first profitable year in operations in 1995
4. Deposit crosses Rs.10bn mark in 1996.
1998-2000
1. Successfully completes its IPO in 1998 and gets itself listed on NSE and
BSE
2. Cash management services as well as credit card launched.
3. Profit crosses Rs.500m in 2000.
4. Launches Internet Banking module, I Connect retail loans introduced.
5. Financial advisory services and e-commerce introduced.
6. Second largest ATM network in the country with 200ATM’s.
2001-2005
1. Private placement of 26% stake to CDC capital partner.
2. Deposit crosses Rs100bn mark in 2001, advances crosses Rs.50bn.
3. First commercial bank to open an ATM at a post office.
4. Crosses the 1000 ATM mark in 2003.
5. Gets listed on the London Stock Exchange, raises $239.3m.
2006-2008
1. Open its first international branch in Singapore.
2. Opens Representative office in Shanghai.
3. Crosses the 2000 ATM mark in 2006.
4. Opens a Full License Bank Branch in Hong-Kong.
5. Re-brands itself as Axis Bank.
6. Axis Bank launches Platinum Credit Card, India's first EMV chip based
card.
2010-2012
1. Axis bank acquires 4 percent stake in Max New York Life.
2. Axis Bank launches online trading platform Axis Direct.
3. Axis Bank has launches pre-paid VISA card i.e. MY MONEY CARD.
4. Axis Bank opens new representative office in Abu Dhabi
5. Axis Bank partners with NIIT IFBI to introduce PG Diploma in Retail
Banking.
6. Axis Bank, Axis Capital, joined hands with Baird, an international,
employee-owned financial services firm, to offer investment banking
services.
2013
1. Axis Bank launches unique product ‘Empower Home Loans’ for
selfemployed.
2. Axis Bank launches new and improved 'Senior Privilege Savings
Account'.
3. Axis Bank launches ‘Axis Bank- ISIC Forex Card’ for Students.
4. Axis Bank launches DREAM HOME FESTIVAL 2013 in Bengaluru.
2014
1. Axis Bank, the first Indian Private sector bank to set up a branch in
China.
2. Axis Bank launches ‘Asha Home Loans’.
3. Axis Bank launches e - surveillance facility at ATM locations.
4. Axis Bank opens its first 'All Women Branch' at Patna, Bihar.
2015
3. Offer electronic signature facility to its customers Axis Bank and Vistara
join hands to introduce cobranded credit card.
4. PRODUCT PROFILE OF AXIS BANK
1. Accounts-
• Saving Account.
• Current Accounts.
• Salary Accounts.
2. Deposits-
• Fixed Deposit.
• Tax Saver Fixed
Deposit.
• Fixed Deposit Plus.
• Recurring Deposit.
3. Loans-
•Home Loan.
• Personal Loan.
• Car Loan.
• Gold Loan.
• Loan Against
Securities.
• Loan Against
Property.
• Loan Against
Fixed Deposit.
• Commercial
Vehicle Loan.
4. Cards-
• Credit Cards.
• Debit Cards.
• Prepaid Cards.
5. Investment-
Gold •
• Silver
• Mutual Funds.
• Demit Accounts.
• 8% Saving
Bonds.
• IPO Smart.
• Public Provident
Fund.
• Alternate
Investment
Products.
6. Insurance-
• Life Insurance.
• Health Insurance
• Home
Insurance.
• Travel
Insurance.
• Motor Insurance.
• Business Guard.
• Pradhan Mantri
Suraksha Bima
Yojana.
•Max Life
Pradhan Mantri
Jeevan Jyoti
Bima Yojana.
• About Our
Insurance
Partnership.
Balance Enquiry.
Cash Withdrawal.
PIN Change.
Mini Statement.
VISA Money Transfer.
Money Transfer Between Linked Accounts.
Request For A New Chequebook.
Mutual Fund Payment.
5. OBJECTIVES OF STUDY
Banking and finance can be called as the nerves of any
economic system as they accelerate the process of economic development
through canalization of adequate finance. It is hard to anticipate
development of efficient banking services in the country. No doubt
financial institutions play so important in economic development but at the
sometime economic development determines the growth and development
of banking institutions the role of various kind of banking institution. In
economic development need not be emphasized.
6. SCOPE OF STUDY
7. RESEARCH METHODOLOGY
Data Source
▪ Primary Data
▪ Secondary Data
Primary Data:
Primary data is data that is collected by a
researcher from first-hand sources, using methods like surveys,
interviews, or experiments. It is collected with the research in mind,
directly from primary sources.
Secondary Data:
Secondary data is data gathered from studies,
surveys, or experiments that have been run by other people or for
other research.
Investment Banking
INCOME
EXPENDITURE
-
Provision Towards Deferred Tax -3,202.06 -73.80 -153.17 -153.17
18,469.69
Provision Towards Other Taxes 0.00 0.00 -0.05 0.93 0.93
Net Profit / Loss for The Year 464.02 3,967.03 8,357.58 7,448.48 7,448.48
Net Profit / Loss After EI & Prior
464.02 3,967.03 8,357.58 7,448.48 7,448.48
Year Items
Minority Interest -8.21 -14.00 -7.92 -1.94 -1.94
Mar '18 Mar '17 Mar '16 Mar '15 Mar '14
Profitability Ratios
Net Interest Income / Total Funds 2.89 3.22 3.42 3.37 3.31
Non Interest Income / Total Funds 1.80 2.17 1.99 2.07 2.14
4.20 4.69 4.87 5.15
Interest Expended / Total Funds 5.00
2.16 2.13 2.03 2.16
Operating Expense / Total Funds 2.15
2.45 3.16 3.28 3.19
Profit Before Provisions / Total
0.07 0.69 1.67 3.19 1.74
Funds
0.11 0.12 0.13 0.14
Net Profit / Total Funds 1.75
8.89 10.07 10.28 10.59
Loans Turnover 0.14
• Above balance-sheet shows that the liability of the bank in last five
years.
• This is indicating the growth of the private banking sectoer is very
fast.
• Net worth of the axis is increasing every year in last five years.
• The banking is improving themselves as well as their sector also.
• There is some positive amount of NET CURRENT ASSETS.
9. SWOT ANALYSIS
This analysis use to study the strength, weaknesses, opportunities and
threats of axis bank. This analysis is helpful to the bank to understand the
favourable factors for the bank.
STRENGTH:
WEAKNESSES:
OPPORTUNITIES:
THREATS:
10. FINDINGS
• It was found that the working nature of the axis bank is under
discipline, the employee of the bank follows all the rules and
regulations of the bank, employee starts the work on exact time
when the bank is open till the closing time of the bank.
• It was also found that the axis banks functions helps to the all the
customer for the future growth of the bank.
• It was found that Axis bank always helps to the all customer or
account holder of the bank, they always shown all the facilities to the
customer. Debit card, credit card, cheque book facilities, easy loan,
and 24 hrs ATM facilities.
• It was found that Axis bank is growing in very large scale; multiple
branches are opening in various places.
11. CONCLUSION
Axis bank has developed many fold is short period of time due to facilities
and service provide to their customer and this growth rate can be keep it up.
In last couple of years they have open new branches and they should open
many more the working staffs are very co-operative in nature and due to
that the bank will also get good benefit axis bank has provided their
customer net banking facilities and due to that transactions are done fast
charges at axis bank are on lower side when we compare it with others
bank.
• Axis bank has differentiated itself very well on the bases of high level
service and product quality.
• They have successfully implemented the change and due to this their
market share is increased only despite of tough competition prevails.
• In this study I found that the bond of axis bank with it is customer is
very strong because axis bank mainly focuses on retailing their
customer.
• This study finds that however axis bank is not the leading private
sector bank but it is waste range of products and availability and
opens of options make it one of the better banks of India.
12. BIBLIOGRAPHY
www.axisbank.com www.moneycontrol.com/company-management
www.bankifsccode.com/AXIS-BANK
REFERENCE BOOKS & MAGZINES