Axis Bank

Axis Bank, a new generation private sector bank started its operations in 1994 and was among the first private sector banks set up under the 1993 RBI guidelines issued in line with the government’s policy on financial sector reforms. Axis Bank is the third largest private bank in India with a balance sheet size of ₹16,09,930 crores having a market share of 5.3% in total assets, 5.0% in total deposits and 5.4% in total advances, serving ~59 million customers with a workforce of over 104,400 employees as on March 31, 2025. As on March 31, 2025, the Bank’s distribution network comprises 5,876 branches, 13,941 ATMs and cash recyclers, with close to 47% branches in rural and semi-urban region. The Bank's overseas operations encompass eight international offices, including branches in Singapore, Dubai (at DIFC), and Gift City-IBU. There are also representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah. The international offices focus on Corporate Lending, Coverage Business, Trade Finance, Syndication, Investment Banking, Liability Businesses, and Private Banking/Wealth Management offerings. The Bank has a well-diversified loan book with 60% retail, 11% SME and 29% corporate. It has built a strong Retail Banking franchise that continues to be a key driver of the Bank’s overall growth strategy. The Bank’s focused customer-centric approach, strong and differentiated product offerings, along with its wide distribution network remain the core pillars through which it continues to serve the financial needs and aspirations of its customers. The Bank is continuously developing digital-first products that re-imagine customer propositions for both existing and new customers. The Bank's focus remains on transforming the end-to-end journeys and becoming a partner of choice for ecosystems. With a 14% market share in total credit cards in force, 32% market share in UPI payer PSP space (both by value and volumes), and having among the top rated mobile banking application on Google Play store and iOS app store with a rating of 4.7 and 4.8, respectively, as of March 2025, Axis Bank continues to be one of the top players in the digital banking space in India.