Axis Bank Ltd

Axis Bank Ltd

Financial Services | Commercial Bank

About Axis Bank Ltd

Listed Entity : Axis Bank Ltd
Parent Company : SUUTI & Multiple Financial Institutions
CIN : L65110GJ1993PLC020769
Date of Incorporation : 3 December 1993
Date of Listing : 27 November 1998
Chief Executive Officer : Mr. Amitabh Chaudhary
Chairman : Mr. Rakesh Makhija
Sector : Financials
Industry : Commercial Bank


Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

The Bank has a large footprint of 4,050 domestic branches (including extension counters) with 11,801 ATMs & 4,917 cash recyclers spread across the country as on 31st March, 2019. The overseas operations of the Bank are 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 at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses.

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of 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 Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.



Price to Earnings (P/E) 26.19

1 Year Price Target INR 522

Medium-term Outlook Negative

Dividend Yield 0.24%

Disclaimer - UNIDOW & Company never recommend anyone to buy or sell stocks basis the 1 Year Price Target given on this website. This is a yield derived from the stock's fair value model or intrinsic value and do not suggest any investment recommendation. Please consult with your Financial Planner or a SEBI registered Investment Analyst for taking investment decisions. UNIDOW & Company is an affiliate of UNIDOW Advisory Services LLP and monitors the content available here on regular basis for showing non-material public information about the company.

Company introduction source: Company Website

Engage With Us