|Bank Name||Axis Bank|
|Official Name||Axis Bank|
|Type||Private Sector Bank|
|Branches in India||2417 Branches|
Axis Bank has about 2417 branches spread across India. Axis Bank is currently one of about 160 banks (Nationalised, Private, Co-Operative and Foreign) in India.
Below given is the list of states where Axis Bank currently have branches. Click on any of the states to find the IFSC code of Axis Bank in the state.
Axis Bank Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.Despite the slower growth of the retail book over a period of time and the outright decline seen in the past year, the bank’s fundamentals are quite resilient. With the high level of mid-corporate and wholesale corporate lending the bank has been doing, one would have expected the net interest margins to have been under greater pressure. The bank, though, appears to have insulated such pressures. Interest margins, while they have declined from the 3.15 per cent seen in 2003-04, are still hovering close to the 3 per cent mark. (The comparable margins for ICICI Bank and HDFC Bank are around 2.60 per cent and 4 per cent respectively. The margins for ICICI Bank are lower despite its much larger share of the higher margin retail business, since funding costs also are higher).
Disclaimer : All the information in this site is provided from authentic source and all efforts have been made to verify and provide exact results. Even though users are requested to reconfirm the data provided with their corresponding bank branch.