Stock Report VittNivesh

Equity Report #65 Axis Bank Ltd

Hello Finance Enthusiasts,

We are back with another insightful report!

Axis Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs, and retail businesses. The bank was founded in December 1993 as UTI Bank, opening its registered office in Ahmedabad and a corporate office in Mumbai.

As of 12 August 2016, the bank had a network of 4,094 branches and extension counters and 12,922 ATMs.

Axis Bank has the largest ATM network among private banks in India. It even operates an ATM at one of the world’s highest sites at The, Sikkim at a height of 4,023 meters (13,200 ft) above sea level. The bank has nine international offices with branches in Singapore, Hong Kong, Dubai (at the DIFC), Shanghai, Colombo, and representative offices in Dhaka, Dubai, Sharjah, and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking, and liability businesses. In addition to the above, the bank has a presence in the UK with its wholly-owned subsidiary Axis Bank UK Limited

Happy Reading!

Credits: Sourya Mitra Mayuresh Limbachia Naresh Agarwal Kunal Khandelwal

#VittNivesh #NIBM #axisbank #EquityReport #fundamentalanalysis

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