Corporate Profile
Axis Bank, a new generation private sector bank earlier known as UTI 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.
The Bank was promoted in 1993 by SUUTI, LIC and other general insurance companies. The Unit Trust of India's (UTI) shareholding was transferred to SUUTI in 2003 and later other general insurance companies have been reclassified from promoter to public category.
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.
India’s economic landscape is undergoing a significant transformation, marked by robust GDP growth, rapid digital adoption, and targeted financial initiatives. These developments are particularly impactful in rural and semi-urban markets, where enhanced connectivity, digital services and financial inclusion are unlocking new opportunities. Axis Bank on the back of its large distribution capabilities and comprehensive product suite in those markets is rightly positioned to build a strong business through its Bharat Banking initiative.
Axis Bank finalized its acquisition of Citibank's Indian consumer business in 2023 and fully transitioned in 2024. As a result, the Bank’s wealth management business "Burgundy," solidified its position among the largest wealth management franchises in the country. The overall assets under management of Burgundy customers stood at ₹5.92 trillion as on March 31, 2025.
Under the 'One Axis' umbrella, the organization offers a wide range of financial services to its customers. It has established a strong subsidiary ecosystem, to address the needs of varied consumers, that includes Axis Mutual Fund, Axis Capital, Axis Finance, Axis Securities, Axis Trustee, Freecharge, A.Treds and Axis Pension. Further, Axis Bank and its subsidiaries held a 19.02% stake (as on March 31, 2025) in Axis Max Life Insurance, a joint venture between Max Financial Services and Axis Bank.
ESG is a core pillar of the Bank’s long-term strategy, rooted in its Purpose Statement: ‘Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet’. Axis Bank was the first Indian bank to establish a dedicated ESG Committee of the Board in 2021, reinforcing strategic oversight and ESG governance. Furthermore, the Bank continue to be considered among the sector leaders in sustainable financing, having raised marquee issuances since 2016 with the launch of India’s first certified dollar green bond. The Bank’s CSR interventions continue to be delivered directly, through credible implementation partners, and the CSR arm of the Bank viz. Axis Bank Foundation. Axis Bank Foundation was established in 2006 as a Trust to give strategic direction to the Bank’s CSR aspirations.
The Bank continue to garner several key external recognitions for the capabilities and initiatives it has undertaken successfully in the last few years. During the year, the Bank has been recognized as a Great Place to Work® certified organization for the fourth consecutive time. The Bank also won the Best Indian Bank at the prestigious Financial Times (FT) Bank of the Year 2024 Awards, highlighting the quality and depth of its banking services across various verticals. The Bank was also featured in TIME’s World Best Companies of 2024 list, ranking highest among its Indian financial peers.
For FY25, the Bank’s Consolidated ROE and ROA was 16.89% and 1.77%, respectively. As on March 31, 2025, Gross NPA ratio stood at 1.28%, Net NPA ratio at 0.33%, PCR at 75% and Capital Adequacy Ratio (CAR) at 17.07%, with a CET-1 ratio at 14.67%.
The Bank’s shareholding distribution includes 42.48% Foreign Institutional Investors, 39.52% Indian Institutions, 7.91% Life Insurance Corporation, 3.33% GDRs, and 6.76% others.
