UTIB0000418

(U T I B Zero Zero Zero Zero Four One Eight)

Axis Bank Barnala (punjab) branch is located in Sangrur district of Punjab. Axis Bank has 14 branches in the district. All about Axis Bank Barnala (punjab) Branch including IFSC Code, MICR Code, Address, Contact Number, Contact Person are provided according to the availability. Find more information about classification of Axis Bank Barnala (punjab) IFSC Code.

Information of Axis Bank Barnala (punjab) branch, Punjab

Branch Name	Barnala (punjab)
IFSC Code	UTIB0000418
MICR Code	148211002
Branch Code	000418
Branch Address	No. B/12/443,meghraj & Son's Building College Road, Barnala
City	Barnala
District	Sangrur
State	Punjab

See all 14 Axis Bank branches in Sangrur

Details and Classification of Barnala (punjab) branch IFSC

IFSC Code of Axis Bank Barnala (punjab) branch is UTIB0000418. The IFSC of Axis Bank can be classified into 3 parts mainly the first 4 alphabetical characters UTIB as Axis Bank code. The fifth character 0 reserved for future use, and last six characters as branch code. In case of Barnala (punjab) branch IFSC Code, UTIB represents Axis Bank, 0 for future use and 000418 represents Barnala (punjab) branch. The IFSC code UTIB0000418 uniquely identifies Axis Bank Barnala (punjab) branch, in Sangrur, Punjab and can be used for online money transactions using RTGS and NEFT. This IFSC can also be used for online reservation of tickets, paying bills, shopping and EMI payments and much more.

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About Axis Bank

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).