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Axis Bank
Axis Bank Limited (formerly UTI Bank) is the third largest private sector bank in India. Although classified as a private sector bank, Axis Bank's promoters ( UTI, LIC and GIC, which collectively held approx. 34% of the shares as at 31 December 2013), are all entities owned and controlled by the Government of India.
The bank offers financial services to customer segments covering Large and Mid-Sized Corporates, MSME, Agriculture and Retail Businesses.〔 Axis Bank has its registered office at Ahmedabad.
==Operations==
Indian Business: As on 31-Mar-2014, the Bank had a network of 2402 branches and extension counters and 12922 ATMs. Axis Bank has the largest ATM network among private banks in India and it operates an ATM at one of the world’s highest sites at Thegu, Sikkim at a height of 4,023 meters (13,200 ft) above sea level.
International Business: The Bank has eight international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai, Colombo and representative offices at Dubai and Abu Dhabi, which focus on corporate lending, trade finance, syndication, investment banking and liability businesses. In addition to the above, the Bank has a presence in UK with its wholly owned subsidiary Axis Bank UK Limited.〔 The total assets of the overseas branches were US$7.86bn ().
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