The Hindu Business Line : Axis Bank to step up consumer banking

Hyderabad, Sept. 23 Private sector player Axis Bank announced the opening up of another branch in Hyderabad on Sunday, as yet another step towards focus on extensive consumer banking.

After inaugurating the branch at Chandanagar near here, Mr C.P. Rangarajan, President, Axis Bank, in a statement said, “This marks yet another step towards the extensive consumer banking focus across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers.”

Referring to other services, the bank stated that it provides payroll services to over 12,000 corporates across 28 lakh salary accounts. The bank’s market capitalisation as on September 17 was Rs 23,450 crore, which is the fifth largest for a bank in terms of market capitalisation in India.

Various schemes

The centralised database enables customers to operate their accounts from anywhere in the country. Its website www.axisbank.com offers comprehensive details about its various schemes.

Axis Bank has a network of 19 branches and extension counters, and 84 ATMs in Hyderabad and Secunderabad, and 536 branches, 52 extension counters and 2,474 ATMs across the country.

The branches, spread across more than 350 cities and towns, enable the bank to reach out to a large cross-section of customers with an array of products and services catering to both the retail and the corporate segment.

Axis Bank has presence in Singapore, Hong Kong, Shanghai and Dubai, and seeks to expand its international presence further. Axis Bank has the third largest ATM network in India, it has the third largest base of debit cards in the country.