Professional Documents
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INDEX
SR. NO. TOPIC PAGE NO.
CHAPTER 1 COMPANY PROFILE
1.1 Introduction of axis bank
1.2 History of Axis bank
1.3 Management of Axis bank
1.4 Milestone
CHAPTER 2
PROJECT INTRODUCTION
2.1 Project Introduction
2.2 Meaning of Wholesale Banking operations
2.3 Definitions of Banking
2.4 Meaning of Banking
CHAPTER 3
PROJECT RESEARCH
3.1 Product of Axis Bank
3.2 Customer Service in Banking Operation
3.3 Traditional Banking Activities
3.4 Accounting for Bank Account
3.5 Economic Function
3.6 Banking Channels
3.7 Types of Investment Bank
3.8 Mortgage Banking
3.9 KYC (Know Your Customer)
CHAPTER 7 BIBLIOGRAPHY
CHAPTER 1
COMPANY PROFILE
1.1 Introduction of axis bank:
Commercial banking services which includes merchant banking, direct
finance infrastructure finance, venture capital fund, advisory,
trusteeship, forex, treasury and other related financial services. As on
31-Mar-2009, the Group has 827 branches, extension counters and
3,595 automated teller machines (ATMs).
Axis Bank was the first of the new private banks to have begun
operations in 1994, after the Government of India allowed new private
banks to be established. The Bank was promoted jointly by the
Administrator of the specified undertaking of the Unit Trust of India
(UTI - I), Life Insurance Corporation of India (LIC) and General Insurance
Corporation of India (GIC) and other four PSU insurance companies, i.e.
National Insurance Company Ltd., The New India Assurance Company
Ltd., The Oriental Insurance Company Ltd. and United India Insurance
Company Ltd. The Bank today is capitalized to the extent of Rs. 359.76
crores with the public holding (other than promoters) at 57.79%.The
Bank's Registered Office is at Ahmedabad and its Central Office is
located at Mumbai. The Bank has a very wide network of more than
853 branches and Extension Counters (as on 30th June 2009). The
Bank has a network of over 3723 ATMs (as on 30th June 2009)
providing 24 hrs a day banking convenience to its customers. This is
one of the largest ATM networks in the country. The Bank has
strengths in both retail and corporate banking and is committed to
adopting the best industry practices internationally in order to achieve
excellence.
1998: The Bank has 28 branches in urban and semi urban areas as on
31st July. All the branches are fully computerized and networked
through VSAT. ATM services are available in 27 branches. The Bank
came out with a public issue of 1,50,00,000 No. of equity shares of Rs
10 each at a premium of Rs 11 per share aggregating to Rs 31.50
crores and Offer for sale of 2,00,00,000 No. of equity shares for cash at
a price of Rs 21 per share. Out of the public issue 2,20,000 shares
were reserved for allotment on preferential basis to employees of UTI
Bank. Balance of 3,47,80,000 shares were offered to the public. The
company offers ATM cards, using which account-holders can withdraw
money from any of the bank's ATMs across the country which is inter-
connected by VSAT. UTI Bank has launched a new retail product with
operational flexibility for its customers. UTI Bank will sign a co-brand
agreement with the market, leader, Citibank NA for entering into the
highly promising credit card business. UTI Bank promoted by India's
pioneer mutual fund Unit Trust of India along with LIC, GIC and its four
subsidiaries.
1999: UTI Bank and Citibank have launched an international co-
branded Credit card. UTI Bank and Citibank have come together to
launch an international co-branded credit card under the MasterCard
umbrella. UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar
here, taking the total number of its off site ATMs to 13.m
2000: The Bank has announced the launch of Tele-Depository Services
for Its depository clients. UTI Bank has launch of `iConnect', its Internet
banking Product. UTI Bank has signed a memorandum of
understanding with equitymaster.com for e-broking activities of the
site. Infinity.com financial Securities Ltd., an e-broking outfit is Typing
up with UTI Bank for a banking interface. Geojit Securities Ltd, the first
company to start online trading services, has signed a MoU with UTI
Bank to enable investors to buy\sell demat stocks through the
company's website. India bulls have signed a memorandum of
understanding with UTI Bank. UTI Bank has entered into an agreement
with Stock Holding Corporation of India for providing loans against
shares to SCHCIL's customers and funding investors in public and
rights issues. ICRA has upgraded the rating UTI Bank's Rs 500 crore
certificate of deposit programmed to A1+. UTI Bank has tied up with
L&T Trade.com for providing customized online trading solution for
brokers.
2001: UTI Bank launched a private placement of non-convertible
debentures to rise up to Rs 75 crores. UTI Bank has opened two offsite
ATMs and one extension counter with an ATM in Mangalore, taking its
total number of ATMs across the country to 355. UTI Bank has recorded
a 62 per cent rise in net profit for the quarter ended September 30,
2001, at Rs 30.95 crore. For the second quarter ended September 30,
2000, the net profit was Rs 19.08 crore. The total income of the bank
during the quarter was up 53 per cent at Rs 366.25 crore.
2002: UTI Bank Ltd has informed BSE that Shri B R Barwale has
resigned as a Director of the Bank w.e.f. January 02, 2002. A C Shah,
formerchairman of Bank of Baroda, also retired from the bank’s board
in the third quarter of last year. His place continues to be vacant. M
Damodaran took over as the director of the board after taking in the
reins of UTI. B S Pandit has also joined the bank’s board subsequent to
the retirement of K G Vassal. UTI Bank Ltd has informed that Shri Paul
Fletcher has been appointed as an Additional Director Nominee of CDC
Financial Service (Mauritius) Ltd of the Bank.And Shri Donald Peck has
been appointed as an Additional Director (nominee of South Asia
Regional Fund) of the Bank. UTI Bank Ltd has informed that on laying
down the office of Chairman of LIC on being appointed as Chairman of
SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a
Director of the Bank.
2002: B Paranjpe & Abid Hussain cease to be the Directors of UTI
Bank.UTI Bank Ltd has informed that in the meeting of the Board of
Directors following decisions were taken: Mr Yash Mahajan, Vice
Chairman and Managing Director of Punjab Tractors Ltd were
appointed as an Additional Director with immediate effect. Mr N C
Singhal former Vice Chairman and Managing Director of SCICI was
appointed as an Additional Director with immediate effect. ABN Amro,
UTI Bank in pact to share ATM. UTI Bank Ltd has informed BSE that a
meeting of the Board of Directors of the Bank is scheduled to be held
on October 24, 2002 to consider and take on record the unaudited half
yearly/quarterly financial results of the Bank for the half year/Quarter
ended September 30, 2002. UTI Bank Ltd has informed that Shri J M
Trivedi has been appointed as an alternate director to Shri Donald Peck
with effect from November 2, 2002.
2003: UTI Bank Ltd has informed BSE that at the meeting of the Board
of Directors of the company held on January 16, 2003, Shri R N
Bharadwaj, Managing Director of LIC has been appointed as an
Additional Director of the Bank with immediate effect.- UTI Bank, the
private sector bank has opened a branch at Nellore. The bank's
Chairman and Managing Director, Dr P.J. Nayak, inaugurating the bank
branch at GT Road on May 26. Speaking on the occasion, Dr Nayak
said. This marks another step towards the extensive customer banking
focus that we are providing across the country and reinforces our
commitment to bring superior banking services, marked by
convenience and closeness to customers. -UTI Bank Ltd. has informed
the Exchange that at its meeting held on June 25, 2003 the BOD have
decided the following: 1) To appoint Mr. A T Pannir Selvam, former
CMD of Union Bank of India and Prof. Jayanth Varma of the Indian
Institute of Management, Ahmedabad as additional directors of the
Bank with immediate effect. Further, Mr. Pannir Selvam will be the
nominee director of the Administrator of the specified undertaking of
the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an
Independent Director. 2) To issue Non-Convertible Unsecured
Redeemable Debentures up to Rs.100 crs, in one or more tranches as
the Bank's Tier - II capital. -UTI has been authorized to launch 16 ATMs
on the Western Railway Stations of Mumbai Division. -UTI filed suit
against financial institutions IFCI Ltd in the debt recovery tribunal at
Mumbai to recover Rs.85cr in dues. -UTI bank made an entry to the
Food Credit Programme; it has made an entry into the 59 cluster which
includes private sector, public sector, old private sector and co-
operative banks. -Shri Ajeet Prasad, Nominee of UTI has resigned as
the director of the bank. -Banks Chairman and MD Dr. P. J. Nayak
inaugurated a new branch at Nellore.-UTI bank allots shares under
Employee Stock Option Scheme to its employees. -Unveils pre-paid
travel card 'Visa Electron Travel Currency Card' -Allotment of 58923
equity shares of Rs 10 each under ESOP. -UTI Bank ties up with UK
govt fund for contract farm in -Shri B S Pandit, nominee of the
Administrator of the Specified Undertaking of the Unit Trust of India
(UTI-I) has resigned as a director from the Bank wef November 12,
2003. -UTI Bank unveils new ATM in Sikkim.
2004: Comes out with Rs. 500 mn Unsecured Redeemable Non-
Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has
informed that Shri Ajeet Prasad, Nominee of the Administrator of the
Specified Undertaking of the Unit Trust of India (UTI - I) has been
appointed as an Additional Director of the Bank w. e. f. January 20,
2004.-UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pact for
trading platform in Qatar -UTI Bank ties up with Shriram Group Cos
-Unveils premium payment facility through ATMs applicable to LIC UTI
Bank customers –Metal junction (MJ)- the online trading and
procurement joint venture of Tata Steel and Steel Authority of India
(SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel.
-DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold
Incorporated, has secured a major contract for the supply of ATMs an
services to UTI Bank -HSBC completes acquisition of 14.6% stake in UTI
Bank for .6 m -UTI Bank installs ATM in Thiruvananthapuram -Launches
Remittance Card' in association with Remit2India, a Web site offering
money transfer services
2005: - UTI Bank enters into a banc assurance partnership with Bajaj
Allianz General for selling general insurance products through its
branch network. -UTI Bank launches its first Satellite Retail Assets
Centre (SRAC) in Karnataka at Mangalore.
2006: -UBL sets up branch in Jaipur -UTI Bank unveils priority banking
lounge.
1.4 MILESTONE
Mar-08 Axis Bank launches Platinum Credit Card, India's first EMV chip based
card
Dec-07 Axis Bank gets AAA National Long-Term Rating from Fitch Ratings
Sept-07 Axis Bank ties up with Banque Privée Edmond de Rothschild Europe for
Wealth Management
July-07 UTI Bank re-brands itself as Axis Bank
July-07 UTI Bank successfully raises USD 1050 million
July-07 UTI Bank ties up with Tata Motors Ltd. for Car Loans
June-07 UTI Bank's expansion into Asia supported by FRS
May-07 UTI Bank launches 'Spice Rewards' on the bankcards - India's first-ever
merchant-supported rewards program
April-07 UTI Bank opens a Financial Services Category I Branch in the DIFC in
Dubai
Mar-07 UTI Bank ties up with Hyundai Motor India Ltd. for Car Loans
Mar-07 UTI Bank ties up with IIFCL to provide finance for infrastructural projects
in the country
Mar-07 UTI Bank launches Car Loans in association with Maruti Udyog Ltd
Mar-07 UTI Bank opens a Full License Bank Branch in Hong Kong
Feb-07 Finance Minister Shri P. Chidambaram Launches Shriram - UTI Bank Co -
Branded Credit Card Exclusively For Small Road Transport Operators
(SRTOS)
Feb-07 UTI Bank announces the launch of its Meal Card
Feb-07 UTI Bank announces the launch of its Gift Card
Feb-07 LIC Premium payment now through UTI Bank Branches
Jan-07 UTI bank opens Priority Banking branch in Mumbai and Kolkata
Nov-06 UTI Bank opens Priority Banking Lounge in Pune
Sep-06 UTI Bank launches operations of UBL Sales, its Sales Subsidiary -
Inaugurates its first office in Bangalore
Aug-06 UTI Bank announces the launch of its Credit Card Business
Aug-06 UTI Bank becomes the first Indian Bank to successfully issue Foreign
Currency Hybrid Capital in the International Market
Aug-06 UTI Bank Business Gold Debit Card MasterCard Launched - Designed for
business related spending by SMEs and self employed professionals
Aug-06 UTI Bank announces the scheme of issuance of "Senior Citizen ID Card"
in association with Dignity Foundation
Aug-06 UTI Bank rolls out its 2000th ATM
July-06 UTI Bank opens Representative Office in Shanghai
May-06 UTI Bank and LIC join hands to launch an Annuity Card for group
pensioners of LIC
May-06 UTI Bank ties up with Geojit Financial Services to offer Online Trading
service to its customers
Apr-06 UTI Bank opens its first international branch in Singapore
Jan-06 UTI Bank and UTI Mutual Fund to launch a new service for sale and
redemption of mutual fund schemes through the Bank's ATMs across
the country
Dec-05 UTI Bank wins International Financing Review (IFR) Asia 'India Bond
House' award for the year 2005
Oct-05 UTI Bank extends banking services to the rural milk producers in Anand
and Kheda districts in Gujarat
July-05 UTI Bank and Visa International launch Mobile Refill facility - Anytime,
Anywhere Pre-Paid Mobile Refill for all Visa Cardholders in India
May-05 UTI Bank and Bajaj Allianz join hands to distribute general insurance
products
Apr-05 UTI Bank launches Smart Privilege - a special bank account designed for
women
Mar-05 MTNL ties up with UTI Bank for payment of telephone bills through the
Bank's ATM network
Mar-05 UTI Bank gets listed on the London Stock Exchange, raises US$ 239.30
million through Global
Mar-05 Depositary Receipts (GDRs)
Feb-05 UTI Bank appointed by Government of Karnataka as the sole banker for
the Bangalore One (B1) project
Feb-05 UTI Bank launches a powerful version of Kisan Credit Card
Jan-05 UTI Bank ties up with Remit2India to launch the Remittance Card
Mar-04 UTI Bank enables premium payment of LIC policies through its ATMs.
Feb-04 Bilateral arrangement between State Bank of India (and its 7 associate
member banks) and UTI Bank. comes into force with the
commencement of operations (as on 3rd February '04) of the combined
network of over 4000 ATMs
Feb-04 UTI Bank (by pursuing a proactive strategy of forging bilateral
agreements and being a progressive player in the multi-lateral
consortiums for shared ATM network) offers its customers access to
over 7000 ATMs across the country - the largest to be offered by any
bank in India so far.
Dec-03 Bank inaugurated its ATM at Thegu near the Nathula Pass in Sikkim.
This ATM is at the highest altitude in India.
Sep-03 The Bank's ATMs across the country crosses the thousand mark
Sep-03 Bank launches the Travel Currency Card.
Aug-03 The Bank's Debit Card crosses the one million mark.
Aug-03 Total Advances cross Rs 7,000 Crore.
May-03 Bank declares a net profit of Rs 192.18 crores for FY03, a growth of
43% over the previous year
Mar-03 Bank signs Agreement with Employees Provident Fund Organization
(EPFO) for disbursement of Pension
Mar-03 Bank crosses the 800 ATM mark
Mar-03 The Bank issues 3,83,62,834 fully paid up equity shares totaling to Rs.
164.00 crores, through a
Mar-03 Preferential offer to Life Insurance Corporation of India (now
constituting 13.54% of
Mar-03 the Bank's expanded equity), Citicorp Banking Corporation, Bahrain
(holding 3.84%), Chris Capital I,
Mar-03 LLC, Mauritius (holding 3.84%) and Karur Vysya Bank Ltd.(constituting
1.00%) The Bank also
Mar-03 Increases the authorized share capital of the Bank from Rs. 230 crores
to Rs. 300 crores.
Feb-03 Bank, in a pioneering move, launches the AT PAR Cheque facility, free
of cost, for all its Savings Bank customers.
Feb-03 Bank wins mandate to set up 14 ATMs at the Western Railway stations
along the Mumbai division.
Oct-02 Bank launches Corporate iConnect? - the Internet Banking facility for
Corporate
Aug-02 Bank signs MoU with BSNL regarding bill collection services across the
country through both online and offline channels.
Apr-02 Bank opens its 500th ATM
Mar-02 Deposits Cross Rs.12, 000 Crore
Jan-02 The Bank's 100th branch opens at Tuticorin, Tamilnadu
Jan-02 The Bank opens an ATM at the Gol Dak-Khana, i.e. the New Delhi GPO,
making it the first instance of a commercial bank setting up an ATM at
any post-office in the country.
Dec-01 Total Advances cross Rs 5,000 Crore
Nov-01 The deposit base for the Bank crosses Rs. 10,000 Crore
Sep-01 Private placement of 26% stake in the Bank to CDC Capital Partners.
UTI holding reduces to 44.88%
Aug-01 Bank signs MoU with India Post for introducing value added financial
products and services to customers of both organizations, including
setting up of UTI Bank ATMs in post offices.
July-01 Bank ties up with Govt of Andhra Pradesh for collection of commercial
tax
Dec-00 Bank opens its 200th ATM. It becomes the 2nd largest ATM network in
the country, a position held even today.
Oct-00 Bank becomes fully networked
July-00 E-commerce initiatives announced
July-00 Financial Advisory Services offered beginning with marketing of US 64
Apr-00 UTI Bank calls off its proposed merger with Global Trust Bank and
surges ahead on its own.
Apr-00 Bank launches its Internet banking module, iConnect Retail loans
introduced for the first time by the Bank
Mar-00 Profits cross Rs 50 crore mark for the first time.
Feb-00 Bank adopts Finacle software from Infosys for core banking
Jan-00 Dr.P.J Nayak takes over as Chairman and Managing Director from Shri
Supriya Gupta.
Sep-99 Cash management services (CMS) launched, Co branded credit card
launched
Mar-99 Deposits cross Rs.3000 crores
Sep-98 UTI Bank goes public with a Rs. 71 crore public issue; Issue over-
subscribed 1.2 times, over 1 lakh retail investors. UTI holding reduces
to 60.85%
Jun-96 Crosses Rs.1000 crore deposit mark
Mar-95 Completes first profitable year in operation
Apr-94 First branch of UTI Bank inaugurated at Ahmedabad by Dr. Manmohan
Singh, Hon'ble Finance Minister, Government of India.
Dec-93 UTI Bank comes into being
Dec-93 Registered office at Ahmedabad; Head office at Mumbai
CHAPTER 2
PROJECT INTRODUCTION
2.1 PROJECT INTRODUCTION
As a part of curriculum the students of MBA have to undergo Summer
Internship Program (SIP). Wherein a student gets the knowledge about
practical life, how the work is done in companies, how to get
acquainted with working conditions and other many such things, etc.
the main aim behind this program is that students get some
experience with which he could get assistance while searching the job.
This program is generally provided by a company and it lasts for at
least two months. Students as per their specializations could apply for
SIP and get the opportunity to work in a company, which the college
suggests.
5. Net banking
6. e-mail statement
7. phone banking
8. Insta Query
9. Insta Alert
11. Passbook
12. Quarterly Account Statement
As per KYC guideline the RBI has advised banks to follow KYC
guidelines of RBI mandates banks to collect three proofs from their
customers they are
1 Photograph
2 Proof of Identity
3 Proof of address
Conditions Apply:-
1. Initial funding of Rs. 5,500.
2. Account maintenance fee of Rs. 500 per annum
Anywhere Banking
Being a Krishi account holder, you are entitled to access our wide
network of more than 825 branches and 3595 ATMs across 440 cities.
You can now easily carry out your transactions through any of the
branches or ATMs.
• At-par cheque
• ATM Network
• Anywhere Banking
• Telebanking
• iConnect
• Mobile Banking
• Quarterly account statement
• Quarterly interest @ 3.5 % per annum
• Free monthly e-statement.
You can avail of all these services with a minimum quarterly average
balance of Rs. 5,000 in metro or urban centers, Rs. 2,500 in semi urban
centers and Rs. 1,000 in rural centers.
Benefit to Employers:
• Efficient salary disbursal. Web Upload - Transfer
salaries/reimbursements directly from your current account with
Axis Bank to your employee's accounts using I Connect from your
office.
• Single-instruction salary credit - Same day salary credits for all
companies having Corporate Account with Axis Bank. Dedicated
Relationship Manager at metro locations to understand the
financial requirements of your employees.
Benefit to Employees:
• No minimum balance criteria.
• Unparalleled Access - Anywhere banking facility through our
network of Branches, ATM and Internet banking facility.
• AT Par cheque books payable locally at all Axis Bank locations.
• International Debit cum ATM cards with enhanced Cash
withdrawal facility and other value add ons.
• Online Banking with funds transfer, online shopping and bill
payment options.
• Depository services with free online trading accounts.
• Meal Cards on a master card platform.
• Employee Reimbursement accounts as a savings account
variant. Preferential pricing on loan products and credit cards
and other banking products & services.
Through the 'At Par' cheque facility, you have the unique advantage to
encash your cheques as a local cheque at more than 330 centers
where the bank has a presence at no extra cost. In addition the
account enables you to issue cheques up to Rs. 1 lakh, which will be
treated as 'At Par' across these locations.
You can avail of all these services with a minimum average balance of
Rs 25,000 in metro/urban/semi-urban centers and Rs 10,000 in rural
centers.
Are you seeking a banking style that compliments your senior status?
Axis Bank's Senior Citizen Savings Account has been designed keeping
in mind the fact that a senior citizen's banking requirements are wholly
different and require special consideration.
Always a Privilege
It will help in strengthen the bond with us and to be of assistance to
you at all the times, no matter what your need be. Whether its loan, a
savings account or any financial services that you wish to avail of, we
will make sure that we're always be there by your side.
Banking Privileges:
At-par Cheque Facility: Your job involves constant transfers across
the country. With the at-par cheque facility it will no longer be
necessary to set up new bank accounts with each transfer.
Additional Debit Card: Along with a free International Debit Card,
you also get a free card for the joint account holder. This means that
your child or spouse also enjoy the same benefits of banking with Axis
Bank.
Financial Advisory Services: Our solutions answer to the twin goals
of meeting your requirements and to diversify and spread the risk of
your investment portfolio, so you can look forward to a comfortable
and worry-free life. We first understand your exact investment needs
and then design the perfect investment plan for you.
Features:-
A Savings Account for your Trust with a concessional Average
Quarterly Balance a
multi-city at-par cheque facility with no limit on clearing payments at
centers across the country wherever we are present.
Free anywhere banking across all our Branches and Extension
Counters and over all our ATMs.
Free Demand Drafts or Pay Orders as and when required by you to
remit funds.
Free collection of cheques at outstations locations
Free monthly e-statement
Monthly Statement of Account delivered at your doorstep. Facility for
collecting donations in your account through our network of
Branches and extension counters across the country, as well as
through iConnect - our Internet Banking facility. Also, Axis Bank can
offer the facility to donate funds to your Trust through our Internet
Banking facility iConnect to its customers. An Axis Bank customer can
donate any amount to your Trust through the Internet. In such cases,
the savings account of the customer gets debited and the savings
account of your Trust gets credited with the amount of donation at the
same time. At the end of every month, the Bank will provide an MIS
giving details of the amount of donations and the name of donor. This
will enable the Trust to issue receipts to the donors.
Free Internet Banking facility that enables you to view the status of
your account, transfer funds and carry out a number of banking
activities from the comfort of your home or office.
Investment Advice: Our Financial Advisory Desk will provide portfolio
management advice as well as help you undertake investments.
Free Demat:
To facilitate your investments, we offer a free Demat Account (charges
due to NSDL must still be levied) to our esteemed account holders in
the Trust or Society segment.
FEATURES:
1. Zero Balance facility
2. 75 free transactions every month
3. Rebate on Annual Charges
4. Upfrount Annual Fee
5. Mobile Banking
6. ATM cum International Debit Card
7. Free Internet Banking
8. Telebanking
9. Free Monthly Account Statement
FEATURES:
1. Home Branch Cash Deposit
2. Non – Home Branch Cash Withdrawal
3. Free Anywhere Banking
4. Cluster facility
5. Zero Balance account for Vendors and Suppliers
6. Franking Facility
7. Customer cheque printing
8. Internet Banking
9. Free 24-hour Phone banking
10. Mobile Alerts
11. ATM cum Debit Card
12. Free Monthly Account Statement
CORPORATES
Corporate Banking reflects Axis Bank's strengths in providing our
corporate clients in India, a wide array of commercial, transactional
and electronic banking products. We achieve this through innovative
product development and a well-integrated approach to relationship
management.
Funded Services: Working Capital Finance, Bill Discounting, Export
Credit, Short Term Finance, Structured Finance, Term Lending
Funded Services: Funded Services from Axis Bank are meant to directly
bolster the day-to-day working of a small and a medium business
enterprise. From working capital finance to credit substitutes; from export
credit to construction equipment loan - we cater to virtually every
business requirement of an SME. Click on the services below that best
define your needs
The following are the highlights of this service: Real Time Gross
Settlement, Reimbursement Account, Custody Services, Corporate Salary
Accounts, Merchant Services, Axis Bank Gold Business Credit Card
• Tax Collection wherein customers can directly pay their taxes like
Direct taxes, Indirect taxes and Sales Tax collections at their local
Axis Bank
5.1 FINDINGS:
1. Bank is having 853 branches all over the country.
5.2 SUGGESTIONS:-
5.3 COMPETETIORS
6.1 CONCLUSION
My experience with Axis Bank Ltd. is outstanding. While working in Axis
Bank I found that this bank has developed manifold in short period of
time due to facilities and services provided to their customer and this
growth rate can be keep it up if they start to go in semi-urban areas. In
last couple of years they have opened new many branches and they
should open many more. The working staff are very co-operative in
nature and due to that the bank will also get good benefit. Axis Bank
has provided their customer Net-banking facilities and due to that
transactions are done fast. Charges at Axis Bank are on lower side
when we compare it with other Banks.
CHAPTER 7
BIBLIOGRAPHY
7.1 BIBLIOGRAPHY
5 Basics of Banking
6 Bank leaflet and Boucher
7 Internet