[29], Investment banking and trustee services: The bank provides investment banking and trusteeship services through its owned subsidiaries. The [35], Following the 2016 Indian Banknote Demonetisation, a number of Axis Bank employees were arrested for facilitating money laundering activities. 0.63 0.74 0.87 1.03 Schroder Singapore Holdings Private Ltd. (SSHPL), acquired 25 per cent. APE is in the business of managing investments, "Axis Bank and its subsidiaries -- Axis Capital Ltd and Axis Securities Ltd (together Axis Entities) have agreed to enter into revised agreements with Max Financial for acquisition of … Axis Bank’s newly inducted Chief Executive and Managing Director Amitabh Chaudhry is reworking the organisation’s structure, adding new roles as part of its larger growth strategy. The Competition Commission of India (CCI) on Thursday approved the acquisition of stake in Max Life Insurance Company Limited by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited, according to the Ministry of Corporate Affairs. The paid-up capital of APE is Rs. AMFT was incorporated on 2nd January 2009 and received its certificate of commencement on 4th March 2009. As at Oct 6, 2017, Freecharge had paid-up capital of Rs. [30], 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. of the share capital, respectively. occurrence of illegal, unethical or inappropriate actions, behaviour or practices by staff without fear of retribution. with Axis Bank Home Loan and get 12 EMIs* waived off. “Axis Bank and its subsidiaries — Axis Capital and Axis Securities (together Axis Entities) have agreed to enter into revised agreements with Max Financial for acquisition of up to 19.002 per cent of the equity share capital of Max Life (revised agreements),” the filing said. Axis Bank on 27 July 2017 announced that it has entered into an agreement with Jasper Infotech Private Limited to acquire 100% stake in its subsidiaries viz. Ltd.), Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.), Enam International Ltd., UAE (voluntarily dissolved with effect from 24 August 2014), Overall Winner & Consistent Performer – (Large Banks Category) –, Bank of the Year – Money Today FPCIL Awards 2012–13, Ranked No 1 in the IT Biz Award – large enterprises category by Express IT Awards, Joint winner under the ‘Most Innovative Broad Based Product Offering’ category -, Best Bank Award among Large Banks for IT For Business Innovation -, Best Bank for Rural Reach in the Private Sector and Best Retail Growth Performance in the Private Sector category –, Axis Bank has been adjudged winner in the Best Bank Category, Outlook Money Awards 2015, Axis Bank awarded for the Best Security among Private Sector Banks in India by, This page was last edited on 27 December 2020, at 01:22. Concerns relating to senior management can be reported directly to the Audit Committee of the Board. Jul 2, 2020, 20:07 IST. Please do not believe any entity using Axis Bank logos & branding to request the public for money in exchange for opening a Customer Service Point. CCI approves acquisition of stake in Max Life by Axis Bank, subsidiary companies. AFL was incorporated on 27th April 1995. Axis House has received the ‘Platinum’ rating awarded by the US Green Building Council for its environment friendly facilities and reduction of Positive Alert for Axis Bank: yday Axis Bank and its subsidiaries got regulatory approval for hiking their stake in Max Life. [49], 2016 Demonetisation related money laundering, "Axis Bank Consolidated Profit & Loss account, Axis Bank Financial Statement & Accounts", "Axis Bank Consolidated Balance Sheet, Axis Bank Financial Statement & Accounts", "Axis Bank announces financial results for the quarter ended 31st December 2019", "RBI approves appointment of Rakesh Makhija as Chairman of Axis Bank", "Statement showing shareholding pattern of the Promoter and Promoter Group", "Statement showing shareholding pattern of the Public shareholder", "Uday Kotak: Now, wait for the next Big Thing", "SUUTI money belongs to UTI investors and not to the government by enforcing the l", "Axis Bank: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Axis Bank - NDTVProfit.com", "India's Axis Bank seeks Gulf expansion with branch in Sharjah", https://www.livemint.com/Companies/kHWbcToVD2OSRnDNXVqGeP/UTI-Bank-is-now-Axis-Bank.html, "Axis Bank launches its first overseas subsidiary", "Shikha Sharma retires as Axis Bank MD & CEO, Amitabh Chaudhry to succeed", "AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2019", "Axis Bank inaugurates 10,000th ATM at Akurdi, Pune", "Axis Bank Continues to be the largest ATM network provider", "Axis Bank enters Bangladesh, opens representative office in Dhaka", "Axis Bank to open for business in Britain", "RBI's list of Banks participating in NEFT", "Transaction banking huge focus for Axis Bank", "IDBI Trust, Kotak AMC, LIC among top entities holding $7 billion pledged shares of India Inc", "Axis Bank to scale up global banking operations", "Axis Bank opens its representative office in Dhaka to strengthenits International presence", "RBI penalises Axis Bank, HDFC Bank and ICICI Bank", "Demonetisation: ED arrests 2 bank managers for laundering", "Axis Bank ties up with Amazon, Visa to help startups in India", "Axis Bank first in India to launch innovation lab, Thought Factory", "Zone Startups selected by Axis Bank to run Fintech Accelerator", "Axis Bank launches home loan scheme for lower income group", "Axis Bank launches 30-year 'affordable housing' loan to lower income segment", "Get eKYC Verified Online By Aadhaar Card in 2 Minutes | Mutual Funds", "Have an Aadhaar card? [36] 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. Accelyst is now a wholly-owned subsidiary of the Axis Bank partnered with Visa Inc. to launch the 'eKYC' facility, and was the first organization in India to introduce biometrics-based KYC. [23], The bank has nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai,[24] Colombo and representative offices at Dhaka, Dubai, Sharjah and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses. AAMC was incorporated on 13th January 2009 and received its certificate of commencement on 4th March 2009. AFL is positioned to offer products in the retail as well as corporate banking segments. As at Oct 6, 2017, Accelyst had paid-up capital of Rs. A central tenet in the Bank’s Policy on Corporate Governance is commitment to ethics, integrity, accountability and transparency. Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank''s proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02% with the subsidiaries Dec 6, 2020 Consequently, penalties of ₹50 million (US$700,000) on Axis Bank, ₹45 million (US$630,000) on HDFC Bank, and ₹10 million (US$140,000) on ICICI Bank were imposed by the Reserve Bank of India. Axis Bank Ltd. plans to close its U.K. subsidiary and surrender its banking license in the country by end-April 2021, as part of the review of its international strategy, it said late Thursday. At your request, you are being redirected to a third party site. Insurance Company Ltd. "In line with this objective, the bank has taken a decision to fully wind down and close the operations of Axis Bank UK Ltd, a subsidiary of the bank, and targeting for surrendering of the banking licence by end of April 2021," bank said in regulatory filings at stock exchanges late on Thursday after closing hours. FreeCharge Payment Technologies Private Limited and Accelyst Solutions Private Limited, which together constitute the digital payments business under the 'FreeCharge' brand. spread over eleven international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo, Shanghai and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary *T&C. address serious concerns arising from irregularities, malpractices and other misdemeanours, if any, committed by the Bank’s personnel by approaching a Committee of senior officials of the Bank, set-up for the purpose According to the revised agreement, Axis Bank will acquire upto 9% of the equity share cap of Max Life. New Delhi, Jul 2 (PTI) Axis Bank on Thursday said it has decided to wind down its UK subsidiary and the move will not have any material impact on its financial position. Note: One of the subsidiaries of the Bank, Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.) (ASEL) which was engaged in the business of financial advisory services was wound up on 16th May 2017. I also agree to Axis Bank/ Subsidiaries/ Affiliates/ Agents contacting me for various other product updates, special offers Third … "Axis Bank and its subsidiaries -- Axis Capital Ltd and Axis Securities Ltd (together Axis Entities) have agreed to enter into revised agreements with Max Financial for acquisition of … CCI approves acquisition of stake in Max Life by Axis Bank, subsidiary companies The Competition Commission of India (CCI) on Thursday approved the acquisition of stake in Max Life Insurance Company Limited by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited, according to the Ministry of Corporate Affairs. Axis Bank on 27 July 2017 announced that it has entered into an agreement with Jasper Infotech Private Limited to acquire 100% stake in its subsidiaries viz. Meaning of key titles; 50 functional departments; Recent Moves; Most viewed; Contact an executive; Companies. [32], Axis Banks's equity shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). ATSL is in the business of trusteeship services. Govt is expected to allow 100% FDI in insurance sector and this will become a … The organizational chart of Axis Bank displays its 238 main executives including Amitabh Chaudhry, Puneet Sharma, Rajiv Anand and Ravi Narayanan × We use cookies to provide a better service. The paid-up capital of ASL as at 31st March 2017 was Rs.144.50 crore and the net profit for fiscal 2017 is Rs. Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank''s proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02% with the subsidiaries Dec 6, 2020 In September 2012, the Bank entered into a strategic partnership with Schroders Plc. Give a missed call to 8422992272 to receive the download link for Axis Mobile via SMS. Axis Bank has 61,940 employees across 2 locations. Send OTP. [9] The remaining 69.19% shares are owned by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. subsidiary of the Bank and is in the business of marketing retail asset products, credit cards and retail broking. With a plank of “One Axis”, to project a combined offering from parent (bank) and its subsidiaries, it is giving a thrust on synergy to get more share in customer wallet. Participation to group insurance is voluntary. [25] In addition to the above, the bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited. [38] With this launch, Axis Bank became the first Indian bank to introduce a dedicated innovation lab in the country. It is a non-banking finance company regulated by the RBI. *T&C Apply. Call: 1800-419-5959 Globally the bank is spread over nine international offices with branches in Singapore, Hong Kong, … 9,15,165 crores as on 31st March 2020, Axis Bank has achieved consistent growth and with a 5 year CAGR (2014-15 to 2019-20) of 15% each in Total Assets, Deposits and Advances. 50.77 crore for fiscal 2017. Freecharge Payment Technologies Private Limited was acquired by the Bank (from Jasper Infotech Private Limited) on October 6, 2017, post receiving approval from RBI. Enam Securities Pvt. Jul 2, 2020, 20:07 IST. Axis Bank sought the Competition Commission of India’s nod for its deal to acquire up to 20% stake in Max Life Insurance Company Ltd (Max Life) on Wednesday. 2,82,16,77,934 equity shares of Rs.2/- each. [19], As of 12 August 2016, the bank had a network of 4,094 branches and extension counters and 12,922 ATMs. and 100% on road funding for 8 years with Axis Bank Car Loans. The Bank has a large footprint of 4,528 domestic branches (including extension counters) with 12,044 ATMs & 5,433 cash recyclers spread across the country as on 31st March, 2020. It was incorporated on 7th March 2011 in the United Kingdom and commenced its operations on 19th April 2013 upon receipt of approval from the FCA. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses. Axis Bank’s newly inducted Chief Executive and Managing Director Amitabh Chaudhry is reworking the organisation’s structure, adding new roles as part of its larger growth strategy. Transfer, Axis Capital Ltd (formerly Enam Securities Direct Pvt. ATSL was incorporated in India as a wholly-owned subsidiary of the Bank on 16th May 2008 and received its certificate of commencement on 30th September 2008. APE manages investments, venture capital funds and offshore funds. The paid-up capital of ACL on 31st March 2017 was Rs.73.50 crore. As per the revised deal, Axis Bank and its subsidiaries, i.e. 15 lakhs repay it in up to 60 months. Participation to group insurance is voluntary. The sales and securities business, including the retail broking business of Axis Capital Ltd, was merged with ASL on 25 May 2013. Please read and agree with the disclaimer before proceeding further. and enjoy zero foreclosure and part pre-payment charges along with best-in-class pricing. The Indian lender said it would ensure transparency and fairness in dealing with all the employees and customers of the subsidiary, Axis Bank UK Ltd., throughout the process of winding down. and 100% on road funding for 7 years with Axis Bank Car Loans. 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 I Accept, Banking is now at your fingertips with Axis Mobile! Axis Bank is the third-largest private sector bank in India and offers the entire spectrum of financial services to customer segments covering large and mid-corporates, MSME, agriculture, and retail businesses. [42][43] The product offers loans from ₹100,000 (US$1,400)–₹1.5 million (US$21,000) in small towns (population less than 1 million) and up to ₹2.8 million (US$39,000) in larger towns (population over 1 million), to customers with family incomes of ₹8,000 (US$110)–₹10,000 (US$140) per month and above. 579.7 crore. AMFT is acting as a trustee to Axis Mutual Fund. APE was incorporated in India as a wholly-owned subsidiary of the Bank on 3rd October 2006 and received its certificate of commencement on 4th December 2006. I authorize Axis Bank to call on the above mentioned number and explain the features of the product anytime between 8 am to 9 pm. Ltd.), Axis Finance Ltd. (formerly Enam Finance Pvt. Author :ANI. Axis Bank now allows e-KYC to open account", "Axis Capital (India) Company Profile: Acquisition & Investors | PitchBook", "Axis Bank acquires FreeCharge for Rs 385 crore", "2010 Asian Awards for excellence: By country", "Axis Bank named Bank of the Year:'The Banker, "The winners of first Money Today FPCIL Awards", "MCX-SX presents CNBC TV18's *'India Best Banks and Financial Institutions Awards 2012, "IBA Awards for Innovation in Banking 2013", "Banking Technology Excellence Awards 2014–15", "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", "Outlook Money Awards 2015: The Winning Set", "Economic Times Most Promising Brands 2015 unveiled | Best Media Info, News and Analysis on Indian Advertising, Marketing and Media Industry", Chartered Bank of India, Australia and China, Mercantile Bank of India, London and China, Structured Financial Messaging System (SFMS), https://en.wikipedia.org/w/index.php?title=Axis_Bank&oldid=996511284, Companies listed on the Bombay Stock Exchange, Companies listed on the London Stock Exchange, All Wikipedia articles written in Indian English, Articles with unsourced statements from December 2020, Articles with unsourced statements from January 2020, Creative Commons Attribution-ShareAlike License, Specified Undertaking of Unit Trust of India (SUUTI) (4.68%), Axis Securities Ltd. (formerly Enam Securities Direct Pvt. [15], On 30 July 2007, UTI Bank changed its name to Axis Bank. The deal involves a stake sale to the bank’s subsidiaries, Axis Capital and Axis Securities as well. Indian equities ended higher for the second straight session, erasing the losses made over Friday and Monday. FreeCharge Payment Technologies Private Limited and Accelyst Solutions Private Limited, which together constitute the digital payments business under the 'FreeCharge' brand. with effect from 24th August 2014. [1], As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group (United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance Company Ltd, GIC, LIC and UTI). In September 2012, the Bank entered into a strategic partnership with Schroders plc. Certain businesses of M/s. The Policy contains provisions protecting Whistleblowers from any unfair action prejudicial to their interest. Instead, as per RBI’s advice, the deal has been revised, wherein Axis Bank and its subsidiaries–-Axis Capital and Axis Securities (Axis entities)-–have entered into revised agreements with Max Financial to acquire upto 19 per cent of the equity stake in Max Life. Axis Bank on Thursday said it has decided to wind down its UK subsidiary and the move will not have any material impact on its financial position. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. As an organisation, the bank is committed to delivering optimum value for all its stakeholders, in sync with its core principles and the local policies as applicable. ASL was incorporated in India on 21st July 2006. Enam International Ltd., (UAE) was voluntarily dissolved ABUK had paid-up capital of US$ 55 million (Rs.356.68 crore) and reported a net profit Rs.

Financial strength of AXIS Capital Holdings Limited 2019 YE (USD) $ 7.4B. To ensure smooth flow and management of complaints under Whistleblower policy, a web-based application Through this partnership, SIMSL, through its wholly-owned subsidiary, SSHPL acquired 25 per cent of the total issued of the total issued and paid-up equity share capital plus one equity share in AAMC. The following year, UTI bank was listed on the London Stock Exchange. and 33 per cent., which have helped the brand grow. Do not access unknown website links. [39][40][41], Asha home loans targets first-time home buyers in the lower-income segment. at London, UK. As per the proposed combination approved by CCI, the … Axis Bank Ltd. plans to close its U.K. subsidiary and surrender its banking license in the country by end-April 2021, as part of the review of its international strategy, it said late Thursday. [citation needed], Axis Securities Ltd.was incorporated in India on 21 July 2006. CCI approves acquisition of stake in Max Life by Axis Bank, subsidiary companies: The Competition Commission of India (CCI) on Thursday approved the acquisition of stake in Max Life Insurance Company Limited by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited, according to the Ministry of Corporate Affairs.. Get all latest entertainment & viral stories on … Ltd. were merged with Axis Capital Ltd. as part of a scheme and the following companies became direct subsidiaries of Axis Capital:[47], Axis Securities Ltd., Axis Finance Ltd. and Axis Securities Europe Ltd. later became direct subsidiaries of the bank in line with the RBI directives. ‘Trishul’, 3rd Floor,Opposite Samartheshwar Temple,Near Law Garden, Ellisbridge,Ahmedabad, Gujarat - 380 006, Axis House,C-2 Wadia International Centre,Pandurang Budhkar Marg, Worli, Mumbai – 4000 025. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. Axis Bank sought the Competition Commission of India’s nod for its deal to acquire up to 20% stake in Max Life Insurance Company Ltd (Max Life) on Wednesday. Another subsidiary of Axis Bank, namely Axis Entities, will hold a right to acquire an additional stake of up to 7% in the life insurance company in one or more tranches, in compliance with existing laws and regulations. ATL undertakes the activities and oerations related to the trade receivable discounting system. Note: One of the subsidiaries of the Bank, Axis Securities Europe Ltd. (formerly Enam Securities Europe Ltd.) (ASEL) which was engaged in the business of financial advisory services was wound up on 16th I hereby authorise Axis Bank to share my data with credit bureaus and to obtain my credit profile related data from these credit bureaus, to share such data with Axis Bank and its business partners. Start typing, then use the up and down arrows to select an option from the list, Check rates for Fixed deposit, savings account, Forex and more, Tax Saver – www.cwiportal.com has also been set up which provides an option for anonymous reporting thereby enabling the stakeholders to lodge their complaints online over a secure platform without fear of revelation of identity. Axis Mutual Fund is also registered with the SEBI. See insights on Axis Bank including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Marketing Mix of Axis Bank analyses the brand/company which covers 4Ps (Product, Price, Place, Promotion) and explains the Axis Bank marketing strategy. Payment Technologies private Limited and Accelyst Solutions private Limited, which together constitute the digital payments business under the '. Rs.113.22 crore, credit cards and retail businesses marketing their respective products time. Become a … Axis Bank org chart with its 16 subsidiaries ( 17 org charts {! ; Contact an executive ; companies same year it opened a branch in Singapore }. 38 ] with this launch, Axis Bank is the third largest private banks... Manmohan Singh, then finance minister of India was subsequently transferred to SUUTI, innovation... Hong Kong [ 15 ], in 2009, granted registration to Axis Mutual is. 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