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.
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Summing Up
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
With its 1390 branches (including extension counters) and 6,270 ATMs across the country, as on 31st March 2011, the network of Axis Bank spreads across 921 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 overseas offices in Singapore, Hong Kong, Shanghai, Dubai and Abu Dhabi.
Axis Bank, India's third largest private sector Bank, in a bid to provide convenient solutions to its Home Loan & Car Loan seeking customers has launched an on-line application interface on its website axisbank website The interface is powered by BankBazaar website Upon successful submission of on-line application form, the customer service representative of Axis Bank will reach out to the customer within 2 working days, for further processing.