What it does: Axis Bank provides a wide array of financial services, including investment management, asset management, private equity, mortgage loans, credit cards, equities trading, risk management, mutual funds, and wealth management.
Mission: Their mission is to be the first-choice provider of financial solutions. They aim to build strong customer relations through smart communications technology and empowered customer care representatives.
Size and presence: Axis Bank has over 78,300 employees across 4,758 locations, including extension counters across the globe.
Best known for: Axis Bank has the fastest growth rate among other private banks in India. They are best known for their superior banking service quality and high-powered clientele.
The good bits: Axis Bank provides a wide range of financial services to their clients, including investment management, mutual funds, wealth management, mortgage banking, asset management, etc
The not-so-good bits: Long work hours and organizational politics.
Axis Bank was established on December 3, 1993, as UTI Bank. It had its first center of operations in Mumbai. The first branch was officially announced in Ahmedabad on April 2, 1994, by the then finance minister of India, Manmohan Singh. In 2001, they agreed to a merger deal with Global Trust Bank, but the Reserve Bank of India declined the approval for the deal.
In 2005, the London Stock Exchange listed UTI Bank. The following year, UTI Bank opened its first international branch in Singapore. The next office was in Shanghai, China, in the same year. In 2007, UTI expanded to Dubai with a branch in the Dubai International Financial Centre and opened branches in Hong Kong. In July of that same year, UTI Bank was renamed Axis Bank. Today, Axis Bank is worth several billion dollars. The company had a network of 12922 ATMs and 4096 branches as of August 12, 2016. On top of that, the bank owns the largest network of ATMs among Indian private banks.
Axis Bank helps its employees by creating the ideal work environment to encourage capacity building, growth, and empowerment. Through its multi-level leadership development program, Axis Bank employees have an opportunity to hone their leadership skills.
Their leadership development program is developed in conjunction with reputable learning platforms such as Coursera. Axis Bank provides custom digital programs and certifications for its employees, including freshers and interns.
Axis Champions is the Bank's foremost awards scheme. It helps to foster alignment with the organizational culture. It also acknowledges and rewards high-performing employees for their work. Currently, there's Axis Blitz. It was introduced to reestablish laudable behaviors through experience sharing with the executive management of the Bank.
The recruitment comprises a two-stage process for applicants, including interns and fresh graduates. It selects the best candidates for different banking roles in Axis Bank. Once a candidate is selected, Axis Bank requires them to provide a medical fitness certificate.
Axis Bank is one of the best places for freshers and interns because it offers Fintech programs, Young Bankers Programs, Virtual Sales and Relationship Management Programs, and many more. Whether you're a fresh graduate or a professional with considerable work experience, Axis Bank offers you ample opportunities to grow, upskill, and advance in your career.
Depending on the job position an employee holds, Axis Bank salaries range from 1,90,000 INR to 18,20,000 INR.
Axis Bank is always intentional about making a great impact on physically and economically challenged communities. They aim to leverage their position as a leading financial institution to create sustainable changes in the country's most backward and retrogressive communities.