Axis Bank Case Study

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OF CONTENTS 1. INTRODUCTION To The Industry 2. INTRODUCTION TO the Organization 3 RESEARCH METHODOLOGY 3.1 Title of the study 3.2 Duration of the product 3.3 Objective of the study 3.4 Type of Research 3.5 Sample size and method of selecting Sample 3.6 Scope of study 3.7 Limitation of study 4. FACT & FINDINGS 5. ANALYSIS & INTERPRETATION 6. SWOT 7. CONCLUSION 8. RECOMMENDATION & SUGGESTION 9. APPENDIX 10. BIBLIOGRAPHY INTRODUCTION TO THE INDUSTRY BANKING IN INDIA Without a sound and effective banking system in India it cannot have a healthy economy. The banking system of India should not only be hassle free…show more content…
Axis Bank was jointly promoted by the Administrator of the specified undertaking of the • Unit Trust of India (UTI-I) • Life Insurance Corporation of India (LIC) • General Insurance Corporation Ltd. Also with associates viz. National Insurance Company Ltd., the New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd. EVOLUTION: UTI was established in 1964 by an Act of Parliament; neither did the Government of India own it nor contributes any capital. The RBI was asked to contribute one-half of its initial capital of Rs 5 crore, and given the mandate of running the UTI in the interest of the unit-holders. The State Bank of India and the Life Insurance Corporation contributed 15 per cent of the capital each, and the rest was contributed by scheduled commercial banks which were not nationalized then. This kind of structure for a unit trust is not found anywhere else in the world. Again, unlike other unit trusts and mutual funds, the UTI was not created to earn…show more content…
The Bank also has 7 overseas branches / offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai, DIFC - Dubai and Abu Dhabi. 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 shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003. With a balance sheet size of Rs.2,85,628 crores as on 31st March 2012, Axis Bank is ranked 9th amongst all Indian scheduled banks. Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2007-12) of 31% in Total Assets, 30% in Total Deposits, 36% in Total Advances and 45% in Net

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