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The bank offers lending services to individuals and small businesses, along with liability products, card services, Internet banking, automated teller machines services, depository, financial advisory services, and Non-resident Indian (NRI) services. [29] Axis bank is a participant in RBI's NEFT enabled participating banks list. [30]
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]
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
She strengthened Axis Bank's retail banking division, allowing it to be relatively insulated from the economic downturn, and moving away from being predominantly being a corporate lender. [2] [11] In June 2009, she stated the "Vision 2015" strategy for the bank, focusing growing retail banking to "balance the corporate business."
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and ...
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]
Industrial and Commercial Bank of China, the world’s largest bank by total assets This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. [ 1 ]