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Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. [8] It is India's third largest private sector bank by assets and fourth largest by market capitalisation.
Axis Direct provides a 3-in-1 Online Investment Account [2] which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services: Equities – Invest online in stocks of listed companies; Mutual Funds – Invest in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
[11] [24] Axis Bank was twice pulled up by the Reserve Bank of India, in 2016 and 2017, for under-reporting bad loans. In 2016, there was a reported difference of ₹ 9,480 crore (equivalent to ₹ 140 billion or US$1.6 billion in 2023) between Axis Bank and the RBI's
Axis Mutual Fund is an Indian asset management company.It was established in the year 2009 and has its headquarters in Mumbai. [9] [10]Axis Mutual Fund offers various types of mutual fund schemes to invest in India, such as equity funds, hybrid funds, debt funds, and more.
The company tied up with State Bank of India in 2006, [8] Punjab National Bank in 2007 [8] and Axis Bank in 2013 [9] to offer online trading to its customers. In January 2010, the company set up a mutual fund business named as Motilal Oswal Asset Management Company (MOAMC). [10]
Amitabh Chaudhry is an Indian businessman, and the managing director (MD) and chief executive officer (CEO) of Axis Bank, the third largest private sector bank in India.He joined Axis in January 2019, after heading HDFC Life Insurance for nine years.
This strong market position generates substantial cash flows that support shareholder returns. Turning to the specifics, the pharmaceutical giant offers investors a 4.3% dividend yield backed by a ...
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
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