Axis Bank to set-up six more branches in Mumbai

Axis Bank, India’s third largest private sector bank, today announced plans to launch six additional branches in Mumbai taking the total number of branches in Maharashtra to 181 by March 31, 2011. 

S K Chakrabarti, Deputy Managing Director, Axis Bank, speaking on the occasion said, “Axis Bank is focused on taking its products and services into the farthest corners of the country. The Bank, to grow its network and achieve this, planned to open 350 branches across the country by the end of this fiscal and are well on course to achieve that target.” 

These branches, located in the Mumbai Circle, also include branches in Navi Mumbai and Turbhe. 

The Bank also enjoys the patronage of the state government for collection of stamp duty through franking. 

Axis Bank offers a vast spectrum of services encompassing Large and Mid-Corporate Banking, SME Banking, Agri-Business Banking, Retail Banking and International Banking. 

By the end of this fiscal year, Axis Bank will have a network of over 1,300 branches and over 5900 ATMs across the country. The branches spread across more than 850 cities and towns, enabling the Bank to reach out to a large cross-section of customers. 

Moreover, Axis Bank has presence in Singapore, Hong Kong, Shanghai and Dubai, and seeks to expand further its international presence. Axis Bank has the largest EDC network, the third largest ATM network in India and also has the fourth largest base of debit cards in the country. Axis Bank has a customer base of over 150 lakh. The market capitalisation of the Bank as on March 28, 2011 was Rs. 56, 711 crore (NSE). 

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