Axis Bank Share Price Today - Buy/Sell Axis Bank Stock

₹

Fundamental
Financials
Share Holding Pattern
About Company
Peer Comparision

O H L VOL

Days Range

About Axis Bank

History of Axis Bank

Having started its operations in 1994, Axis Bank is India’s one of the first new-generation private sector banks. In 1993, the bank was jointly promoted by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), General Insurance Corporation of India (GIC), Life Insurance Corporation of India (LIC), The New India Assurance Company(NIA), National Insurance Company(NIC), United India Insurance Company (UIIC) and the Oriental Insurance Company (OIC). As of March 31, 2023, LIC and SUUTI are the promoters of the bank. Axis Bank launched its IPO in 1998, and it is listed on several benchmark indices like Nifty 500, Nifty 50, S&P BSE Sensex, etc. Axis Bank provides a wide range of financial services to different segments of customers, including Large and Mid-Corporates, Micro, Small and Medium Enterprises (MSME), Retail and Agriculture Businesses. They have over 4,903 domestic branches and 15,953 ATMs and cash recyclers in India. The bank also has more than 8 international branches in Dubai and Singapore and representative offices in UAE, Dhaka, London, etc. The international offices concentrate on Coverage Business, Corporate Lending, Trade Finance, Investment Banking, Syndication, Private Banking, Wealth Management offerings and Liability Businesses. Axis Bank has been recognised with several awards, including the Issuer Investment Banker Award at the ASSOCHAM National Summit on Corporate Bond Market, Business Worlds India's Most Sustainable Companies 2023 for Banking and NBFC Sector, Domestic Retail Bank of the Year - India and Digital Transformation of the Year - India by ABF Retail Banking Awards - 2023 and many more.

Axis Bank Business Segments

The business segments of Axis Bank are classified into two broad categories:

Corporate Banking: This includes credit services to SMEs and Large and Mid-corporates, transaction banking, treasury, which manages the funding of the bank, syndication, investment banking and trustee services.
Retail Banking: Under this category, end-to-end customer services are included, like savings accounts, insurance, loans, and investment options like fixed deposits, mutual funds, debit cards, credit cards, and more.

The subsidiary companies of Axis Bank include,

Axis Bank Foundation - The company works towards making a positive impact for financially and economically excluded people. Axis Bank conducts its CSR activities through the Axis Bank Foundation.
Axis Asset Management Company - This company offers investment solutions to retail and institutional investors.
Axis Capital - They are one of the leading financial experts that offers solutions in investment banking and institutional equities.
Axis Finance - This company provides retail and wholesale financing options to retail and corporate customers. It is a AAA-rated diversified Non-Banking Financial Corporation (NBFC).
Axis Securities - This subsidiary of Axis Bank provides investment solutions.
Axis Trustee Services - This company provides Debenture Trusteeship services and is SEBI registered.
Axis Pension Fund Management - As the name suggests, this subsidiary of Axis Bank provides retirement solutions by managing their pension during the working period.
A.Treds - This company is one of India's largest Trade Receivables electronic Discounting System (TReDS) platforms that offers collateral-free funds for MSMEs.
Freecharge Payment Technologies - Freecharge is an online platform that provides financial solutions, such as lending, savings, investments, insurance and payments.

It is the third-largest private bank in India.
As of March 31, 2023, Axis Bank has total assets of ₹13,17,326 crore. The bank's CAGR from FY 2017-18 to FY 2022-23 grew by 14% in Total Assets and Advances and 16% in Deposits.

Weakness

The company is primarily focused only on wholesale banking, retail banking, corporate and treasury services.

Opportunities

The company can offer various banking services digitally.
The company can pursue acquisitions to touch a wider audience.

Threats

The company can face credit risk, trading risk, liquidity risks, regulatory risks, compliance risks, etc.
The company can have huge competition from other players in the market.