Is Axis Bank a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Axis Bank Ltd is a good quality company .

Is Axis Bank undervalued or overvalued?

The key valuation ratios of Axis Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Axis Bank share price return in the past 10 years?

Axis Bank Ltd share price has appreciated 9.1% annually (CAGR) over the past ten years.

Is Axis Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Axis Bank Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Axis Bank Ltd - Stock Valuation and Financial Performance

Name: Axis Bank
Brand: Axis Bank

BSE: 532215 | NSE: AXISBANK | Bank - Private | Large Cap

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Axis Bank Share Price

₹1,139.10 4.10 0.36%
as on 21-Nov'24 16:00

10 Year X-Ray of Axis Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Net Interest Income (₹ Cr.)	14,224	16,833	18,093	18,618	21,708	25,206	29,239	33,132	42,946	49,894	52,553
YoY Gr. Rt. %	-	18.3%	7.5%	2.9%	16.6%	16.1%	16%	13.3%	29.6%	16.2%	-
Total Income	43,844	50,360	56,233	56,747	68,116	78,172	75,610	82,597	1,01,307	1,31,811	1,42,492
YoY Gr. Rt. %	-	14.9%	11.7%	0.9%	20%	14.8%	-3.3%	9.2%	22.7%	30.1%	-
Adj EPS (₹ )	31	34.5	15.4	1.1	18.2	5.8	21.5	42.4	31.1	80.6	84.5
YoY Gr. Rt. %	-	11.2%	-55.5%	-93%	1600%	-68.3%	272.6%	97.4%	-26.6%	158.8%	-
BVPS (₹ )	188.5	223.1	232.8	247.2	259.3	301.1	331.6	374.7	406.2	486.7	532.2
YoY Gr. Rt. %	-	18.4%	4.4%	6.2%	4.9%	16.1%	10.2%	13%	8.4%	19.8%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.7	1.6	0.6	0	0.6	0.2	0.7	1.2	0.8	1.8	1.6
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0.5	0.7	2.1	3.4	2.1	1.6	1.1	0.7	0.4	0.3	0.3
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	15%	18.1%	19.5%	16.2%
Total Income	13%	14.1%	20.4%	30.1%
Adj EPS	11.2%	34.7%	55.3%	158.8%
BVPS	11.1%	13.4%	13.6%	19.8%
Share Price	9.1%	9.1%	17.2%	14.9%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Interest Earned / Total Income	80.92	81.39	79.21	80.67	80.72	80.13	83.78	81.57	84.06	82.97	82.6
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	3.3	3.3	3.3	2.9	3	3.1	3.2	3	3.5	3.5	3.5
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	17.8	16.8	6.8	0.5	7.2	2.2	7.1	12	8	18.1	14.7
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	44.8	47.3	51.4	53.8	44.4	41.2	45.5	45	47.2	43	-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.60%

Total Income has increased 20.35 CAGR in last 3 years

Net Profit has increased 55.31 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Axis Bank Ltd.

	Standalone	Consolidated
TTM EPS (₹)	84.5	90.3
TTM Sales (₹ Cr.)	1,17,666	1,21,855
BVPS (₹.) ⓘ	532.2	553.9
Reserves (₹ Cr.) ⓘ	1,64,069	1,70,784
P/BV ⓘ	2.13	2.05
PE ⓘ	13.43	12.58

From the Market
52 Week Low / High (₹)	981.40 / 1339.55
All Time Low / High (₹)	2.46 / 1339.55
Market Cap (₹ Cr.)	3,51,204
Equity (₹ Cr.)	618.9
Face Value (₹)	2
Industry PE ⓘ	17.6

Management X-Ray of Axis Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Axis Bank

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Axis Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	43,844	50,359	56,233	56,747	68,116	78,172	75,610	82,597	1,01,307	1,31,811
Interest Income	35,479	40,988	44,542	45,780	54,986	62,635	63,346	67,377	85,164	1,09,369
Other Income ⓘ	8,365	9,371	11,691	10,967	13,130	15,537	12,264	15,221	16,143	22,442
Expenditure	36,486	42,136	52,554	56,472	63,440	76,545	69,021	69,572	91,728	1,06,949
Interest Expense	21,254	24,155	26,449	27,163	33,278	37,429	34,107	34,245	42,218	59,474
Operating Expenses	9,204	10,101	12,200	13,990	15,833	17,305	18,375	23,611	39,299	35,213
Provisions	6,028	7,880	13,905	15,319	14,328	21,811	16,539	11,717	10,211	12,262
Profit Before Tax	11,058	12,394	5,468	122	6,974	4,904	8,806	17,383	16,906	33,060
Taxes	3,700	4,170	1,788	-154	2,297	3,277	2,217	4,357	7,326	8,199
Profit After Tax	7,358	8,224	3,679	276	4,677	1,627	6,589	13,025	9,580	24,861
Adjusted EPS (₹)	31.04	34.51	15.36	1.07	18.19	5.77	21.50	42.43	31.13	80.55
Dividend Payout Ratio (%)	15%	14%	33%	0%	6%	0%	0%	2%	3%	1%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	474	477	479	513	514	564	613	614	615	617
Total Reserves ⓘ	44,202	52,688	55,284	62,932	66,162	84,384	1,00,990	1,14,412	1,24,378	1,49,618
Minority Interest	0	0	0	0	0	0	0	0	0	0
Deposits	3,22,442	3,57,968	4,14,379	4,53,623	5,48,471	6,40,105	6,97,985	8,21,972	9,46,945	10,68,641
Borrowings ⓘ	79,758	1,08,580	1,05,031	1,48,016	1,52,776	1,47,954	1,42,873	1,85,134	1,86,300	1,96,812
Other Liabilities	15,056	20,108	26,295	26,245	33,073	42,158	44,336	53,298	59,087	61,520
Total Liabilities ⓘ	4,61,932	5,39,821	6,01,468	6,91,330	8,00,997	9,15,165	9,86,798	11,75,429	13,17,326	14,77,209
Assets
Balance with RBI	19,819	22,361	30,858	35,481	35,099	84,959	51,809	94,035	66,118	86,077
Balance with Banks	16,280	10,964	19,398	7,974	32,106	12,309	9,921	16,953	40,293	28,377
Investments ⓘ	1,17,550	1,31,524	1,28,793	1,53,876	1,74,969	1,56,734	2,26,120	2,75,597	2,88,815	3,31,527
Advances	2,81,083	3,38,774	3,73,069	4,39,650	4,94,798	5,71,424	6,14,399	7,07,947	8,45,303	9,65,068
Net Block ⓘ	2,413	3,316	3,466	3,626	3,764	3,839	4,135	4,363	4,597	5,442
Other Assets	24,686	32,675	45,602	50,377	59,988	85,425	80,304	76,325	72,063	60,474
Total Assets ⓘ	4,61,932	5,39,821	6,01,468	6,91,330	8,00,997	9,15,165	9,86,798	11,75,429	13,17,326	14,77,209

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-16,708	-19,183	34,192	-46,949	37,567	29,613	13,583	33,951	26,902	6,461
Cash Flow From Investing Activity ⓘ	-4,204	-5,436	-12,630	-10,244	-18,737	-9,767	-54,107	-27,352	-33,022	-9,258
Cash Flow From Financing Activity ⓘ	28,846	21,883	-4,629	50,401	4,931	10,118	5,059	42,538	1,239	10,761
Net Cash Flow ⓘ	7,934	-2,736	16,933	-6,793	23,762	29,964	-35,466	49,137	-4,881	7,964

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	31	35	15	1	18	6	22	42	31	81
DPS (₹)	5	5	5	0	1	0	0	1	1	1
BVPS (₹)	188	223	233	247	259	301	332	375	406	487
Margin Ratios
Yield on Advances (%)	12.6	12.1	11.9	10.4	11.1	11.0	10.3	9.5	10.1	11.3
Yield on Investments (%)	8.0	7.9	9.9	7.4	6.9	8.6	6.6	5.7	6.4	6.5
Cost of Liabilities (%)	5.3	5.2	5.1	4.5	4.8	4.8	4.1	3.4	3.7	4.7
NIM (%)	3.3	3.3	3.3	2.9	3.0	3.1	3.2	3.0	3.5	3.5
Interest Spread (%)	7.3	6.9	6.9	5.9	6.4	6.2	6.3	6.1	6.4	6.6
Performance Ratios
ROA (%)	1.7	1.6	0.6	0.0	0.6	0.2	0.7	1.2	0.8	1.8
ROE (%)	17.8	16.8	6.8	0.5	7.2	2.2	7.1	12.0	8.0	18.1
ROCE (%)	14.3	12.6	7.6	4.4	7.7	5.7	6.9	9.2	9.0	14.3
Efficiency Ratios
Cost to Income Ratio (%)	40.7	38.6	41.0	47.3	45.5	42.5	44.3	48.8	66.5	48.7
Operating Costs to Assets (%)	2.0	1.9	2.0	2.0	2.0	1.9	1.9	2.0	3.0	2.4
Valuation Parameters
Price/Book(x)	3.0	2.0	2.1	2.1	3.0	1.3	2.1	2.0	2.1	2.2

Axis Bank Ltd Stock News

Axis Bank Ltd FAQs

What is the share price of Axis Bank?

Company share prices are keep on changing according to the market conditions. The closing price of Axis Bank on 21-Nov-2024 16:00 is ₹1,139.1.

What is the market cap of Axis Bank?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Axis Bank stood at ₹3,51,203.8.

What is the P/E ratio of Axis Bank?

The latest P/E ratio of Axis Bank as of 21-Nov-2024 16:00 is 13.43.

What is the P/B ratio of Axis Bank?

The latest P/B ratio of Axis Bank as of 21-Nov-2024 16:00 is 2.13.

What is the 52-week high and low of Axis Bank?

The 52-week high of Axis Bank is ₹1,339.6 and the 52-week low is ₹981.4.

What is the TTM revenue of Axis Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Axis Bank is ₹1,17,666 ( Cr.) .

About Axis Bank Ltd

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The share holding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

Axis Bank is the third largest private sector bank in India. The Bank has a large footprint of various domestic branches (including extension counters) with huge numbers of ATMs & cash recyclers spread across the country. The overseas operations of the Bank are spread over different international offices with branches at various Cities. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses.

Business area of the bank

The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

Product and services

Retail

Accounts
Deposits
Cards
Loans
Forex
Investments
Insurance
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Agri and Rural

Loans
Rural Banking
Financial Inclusions

Awards and Recognition

2010

Best Debt House in India - Euromoney 2010.
Best Domestic Debt House in India - Asiamoney 2010.
Best Bond House in India - Financeasia 2010.
Best New Private Sector Bank. Rank 2-FE Best Banks Award 2010.
The Best of Asia-Pacific's Biggest Listed Companies- second year in a row - Forbes Fab 50.
The AssetAwards 2010:Best Domestic Bank, India.

2011

Bank of the Year-India -The Banker Awards 2011.
Best Bank in the Private Sector-NDTV Profit Business Leadership Awards 2011.
Best Bank-Outlook Money Awards 2011.
The Best Domestic Bank-India-The Asset Triple A Country Awards 2011.
Most Productive Private Sector Bank-Fl BAC 2011 Banking Awards.
3rd Strongest Bank in Asia -Pacific Region bv Asian Banker.

2012

Bank of the Year-Money Today FPCIL Awards 2012-13.
Best Bank-CNBC-TV18 India's Best Bank and Financial Institution Awards 2012.
Best Bank-Runner Up-Outlook Money Awards 2012.
Consistent Performer-India's Best Banks-2012 Survey by Business Today & KPMG.
Fastest Growing Large Bank-Dun & Bradstreet-Polaris Financial Technology Banking Awards 2012.
Fastest Growing Large Bank-Businessworld Best Banks Survey 2012.

2013

Axis Bank voted for Most Trusted Private Sector Bank in the country in the Most Trusted Brands survey 2013 by Brand Equity.
Axis Bank ranked No 1 bank in India in both Primary & Secondary market of corporate bonds-The Asset Benchmark Research.
Best Debt House in India-Euromoney Awards for Excellence 2013.
Axis Bank ranked No 1 company to work for in the BFSI sector - 'The Best Companies to Work for' survey by Business Today.

2014

Gold Shield for third year in a row for Excellence in Financial Reporting in the Private Sector Banks category for the year 2013-14 - ICAI (Institute of Chartered Accountants of India).
Axis Bank wins 'Bank of the Year in India' for the year 2014- Banker Magazine. Financial Times.
Axis Bank Foundation conferred Outstanding Corporate Foundation at Forbes India. Philanthropy Awards, 2014.

2015

Axis Bank conferred the Certificate of Recognition for excellence in Corporate Governance by the Institute of Company Secretaries of India (ICSI), for the year 2015.
Axis Bank recognised as a winner amongst Large Banks category for excellent performance in IMPS - National Payments Excellence Awards 2015.

2016

Axis Bank wins 'Best Loyalty Program of the year' for the second year in a row, 9th Loyalty Awards 2016.
Axis Bank has won the 'Best Performing Private Bank' award at the Financial Advisor Awards 2015-16.
Axis Bank wins 'Best Reward Program of the year' for the second year in a row, 9th Loyalty Awards 2016.
Axis Bank wins the 'Affinity/Bank Partner of the year'-at the Asia Trusted Life Agents & Advisers Awards 2016, by Asia Insurance Review.

2017

Axis Banks wins the 'Best Use of Mobile within a Loyalty Strategy' at the Loyalty Awards 2017.
Axis Bank wins the 'Best Use of Partnership in a Loyalty Program' at the Loyalty Awards 2017.
Axis Bank wins the 'Best Rewards Program' for the 3rd consecutive year at the Loyalty Awards 2017.
Axis Bank has been adjudged the Runner Up in the category of the Best Use of Digital and Channels Technology amongst Large Banks by the IBA Banking Technology Awards 2017.

2018

Axis Bank wins Best Debt Arranger on Electronic Bidding Platform at the NSE Market Achievers Awards.
Axis Bank won the BW Businessworld 6th Smart Cities Conclave & Mega Awards for the Best Mobile App.
Axis Bank wins the Best Loyalty Program in Financial Sector - Banking at the Customer Loyalty Awards 2018.
Axis Bank wins the Best Rewards Program for the 4th consecutive year at the Customer Loyalty Awards 2018.
Axis wins the Champion of Champions - Loyalty Program of the Year at the Customer Loyalty Awards 2018.
Axis Bank wins the Best Contact Centre at the Customer Experience Awards 2018.

2019

Axis Bank wins 'Best Masala Bond' at The Asset Country Awards.
Axis Bank wins for 'Excellence in Operations' at the International Data Corporation (IDC) Insights Awards, 2019.
Axis Bank wins 'Top Sell-side Firm in Secondary Market' and 'Top Arrangers - Investors' Choice for Primary Issues' at The Asset Benchmark Research Awards, 2019.
Axis Bank wins in the 'Data Science/AI in BFSI' category at the Cypher Analytics Awards, 2019.
Axis Bank wins Financial Inclusion Initiative of the Year at the Asian Banking & Finance Awards, 2019.

2020

Axis Bank wins for the Best Cyber Security Project, Best Financial Al Project & Best Risk Management Project at The Asset Digital Awards.
Axis Bank wins for the Best Use of IT in Risk Management/Fraud Prevention at The Dun & Bradstreet BankTech Awards.
Axis Bank wins for Best Banking Technology at The IAMAI Digital Awards.
Axis Bank wins for Innovation at The Finnoviti Awards.

History and Milestones

1993: Registered office at Ahmedabad; Head office at Mumbai
1993: UTI Bank comes into being
1994: First branch of UTI Bank inaugurated at Ahmedabad by Dr. Manmohan Singh, Hon'ble Finance Minister, Government of India.
1995: Completes first profitable year in operation.
1996: Crosses Rs 1000 crore deposit mark.
1998: 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%.
1999: Deposits cross Rs 3000 crore.
1999: Cash management services (CMS) launched, Co branded credit card launched.
2000: Dr.P.J Nayak takes over as Chairman and Managing Director from Shri Supriya Gupta.
2000: Bank adopts Finacle software from Infosys for core banking.
2000: Profits cross Rs 50 crore mark for the first time.
2000: Bank launches its Internet banking module, iConnect Retail loans introduced for the first time by the Bank.
2000: UTI Bank calls off its proposed merger with Global Trust Bank and surges ahead on its own.
2000: Financial Advisory Services offered beginning with marketing of US 64.
2000: E-commerce initiatives announced.
2000: Bank becomes fully networked.
2000: Bank opens its 200th ATM. It becomes the 2nd largest ATM network in the country, a position held even today.
2001: Bank ties up with Govt of Andhra Pradesh for collection of commercial tax.
2001: 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.
2001: Private placement of 26% stake in the Bank to CDC Capital Partners. UTI holding reduces to 44.88%.
2001: The deposit base for the Bank crosses Rs 10,000 crore.
2001: Total Advances cross Rs 5,000 crore.
2002: 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.
2002: Bank launches Corporate iConnect - the Internet Banking facility for corporates.
2002: Bank signs MoU with BSNL regarding bill collection services across the country through both online and offline channels.
2002: Bank opens its 500th ATM.
2002: Deposits Cross Rs 12,000 crore.
2002: The Bank's 100th branch opens at Tuticorin, Tamilnadu.
2003: Bank inaugurated its ATM at Thegu near the Nathula Pass in Sikkim. This ATM is at the highest altitude in India.
2003: The Bank's ATMs across the country crosses the thousand mark.
2003: Bank launches the Travel Currency Card.
2003: The Bank's Debit Card crosses the one million mark.
2003: Total Advances cross Rs 7,000 crore.
2003: Bank declares a net profit of Rs 192.18 crore for FY03, a growth of 43% over the previous year.
2003: Bank signs Agreement with Employees Provident Fund Organization (EPFO) for disbursement of Pension.
2003: Bank crosses the 800 ATM mark.
2003: Bank wins mandate to set up 14 ATMs at the Western Railway stations along the Mumbai division.
2004: UTI Bank enables premium payment of LIC policies through its ATMs.
2004: 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 February 3, 2004) of the combined network of over 4000 ATMs.
2004: 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.
2005: UTI Bank wins International Financing Review (IFR) Asia 'India Bond House' award for the year 2005.
2005: UTI Bank extends banking services to the rural milk producers in Anand and Kheda districts in Gujarat.
2005: UTI Bank and Visa International launch Mobile Refill facility - Anytime, Anywhere Pre-Paid Mobile Refill for all Visa Cardholders in India
2005: UTI Bank and Bajaj Allianz join hands to distribute general insurance products.
2005: UTI Bank launches Smart Privilege - a special bank account designed for women.
2005: MTNL ties up with UTI Bank for payment of telephone bills through the Bank's ATM network.
2005: UTI Bank gets listed on the London Stock Exchange, raises US$ 239.30 million through Global Depositary Receipts (GDRs).
2005: UTI Bank appointed by Government of Karnataka as the sole banker for the Bangalore One (B1) project.
2005: UTI Bank launches a powerful version of Kisan Credit Card.
2005: Bank ties up with Remit2India to launch the Remittance Card.
2006: UTI Bank opens Priority Banking Lounge in Pune.
2006: UTI Bank launches operations of UBL Sales, its Sales Subsidiary - Inaugurates its first office in Bangalore.
2006: UTI Bank announces the launch of its Credit Card Business
2006: UTI Bank becomes the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market.
2006: UTI Bank Business Gold Debit Card MasterCard Launched - Designed for business related spending by SMEs and self employed professionals
2006: UTI Bank announces the scheme of issuance of 'Senior Citizen ID Card' in association with Dignity Foundation.
2006: UTI Bank rolls out its 2000th ATM.
2006: UTI Bank opens Representative Office in Shanghai.
2006: UTI Bank and LIC join hands to launch an Annuity Card for group pensioners of LIC.
2006: UTI Bank ties up with Geojit Financial Services to offer Online Trading service to its customers.
2006: UTI Bank opens its first international branch in Singapore.
2006: 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.
2007: UTI Bank successfully raises $1050 million
2007: UTI Bank ties up with Tata Motors Ltd. for Car Loans.
2007: UTI Bank's expansion into Asia supported by FRS.
2007: UTI Bank launches 'Spice Rewards' on the bankcards - India's first-ever merchant-supported rewards program.
2007: UTI Bank opens a Financial Services Category I Branch in the DIFC in Dubai.
2007: UTI Bank ties up with Hyundai Motor India Ltd. for Car Loans.
2007: UTI Bank ties up with IIFCL to provide finance for infrastructural projects in the country.
2007: UTI Bank launches Car Loans in association with Maruti Udyog Ltd.
2007: UTI Bank opens a Full Licence Bank Branch in Hong Kong.
2007: Finance Minister Shri P. Chidambaram Launches Shriram - UTI Bank Co - Branded Credit Card Exclusively For Small Road Transport Operators (SRTOS).
2007: UTI Bank announces the launch of its Meal Card.
2007: UTI Bank announces the launch of its Gift Card.
2007: LIC Premium payment now through UTI Bank Branches.
2007: UTI bank opens Priority Banking branch in Mumbai and Kolkata.
2007: UTI Bank re-brands itself as Axis Bank.
2007: Axis Bank gets AAA National Long-Term Rating from Fitch Ratings.
2007: Axis Bank ties up with Banque Privée Edmond de Rothschild Europe for Wealth Management.
2008: Axis Bank launches Platinum Credit Card, India's first EMV chip based card.
2009: Board of the bank recommended the appointment of Shikha Sharma, head of ICICI Prudential Life Insurance Co. Ltd, as its managing director and chief executive officer.
2010: Axis Bank enters a deal to buy the investment banking and equities units of Enam Securities.
2011: Launches India travel card - India's first and only Indian currency prepaid travel card for foreign nationals.
2012: Reached 2 lakh installed EDC machines- the highest for any bank in India.
2012: Becomes the first Bank in the world to reach $2 billion loading on prepaid Travel CurrencyCards.
2013-Axis Bank voted for Most Trusted Private Sector Bank in the country in the Most Trusted Brands survey 2013 by Brand Equity.
2014: First Indian Private sector Bank set up a branch in china.
2014: Axis Securities launches AxisDirect Investment Kit to help investors manage money simpler.
2014: Axis Bank launches e-surveillance facility at ATM locations.
2014: Axis Bank opens its first 'All Women Branch' at Patna, Bihar.
2015: Axis Bank launches free Wi Fi service at its branches.
2015: Axis Bank Introduces Its Most Premium Banking Service, Burgundy By Axis Bank.
2015: Axis Bank launches tablet-based financial planning app with Max Life Insurance.
2015: Axis Bank launches 'Axis Bank Suvidhaa Prepaid Card'.
2015: Axis Bank launches Secure+ Debit Card.
2015: Axis Bank enables its Mobile Banking customers to seamlessly transact with Apple’s ‘Touch ID’.
2015: Axis Bank and Vistara join hands to introduce cobranded credit card.
2015: Axis Bank opens its representative office in Dhaka to strengthen its International presence.
2016: Axis Bank launches India’s first cobranded multi-currency forex card with INR Wallet.
2016: Axis Bank Launches Thought Factory an Innovation Lab to Drive FinTech Innovation.
2016: Axis Bank & Suvidhaa roll out 'Nano Credit'.
2016: Axis Bank amongst the 1st to launch Bharat Bill Payment System.
2017: Axis Bank and Kochi Metro joined hands to launch India’s first single-wallet contactless, open loop metro card.
2017: Axis Bank and Wells Fargo enter into bilateral arrangement to offer remittance facility to US-based NRI customers.
2017: Axis Bank launches Axis OK - a lite, multilingual, non-data app for basic banking services.
2017: Axis Bank forays into the Super Bike loans segment.
2017: Axis Bank acquires FreeCharge.
2017: Axis Bank included in FTSE4Good Emerging Index.
2017: Axis Bank launches ‘Axis Start-up Social’.
2018: Axis Bank opens IFSC Banking Unit (IBU) at GIFT City Multi-services SEZ.
2018: Introducing ‘Axis Aha!’--An AI-led Virtual Assistant to Enhance Online Customer Experience.
2018: Axis Bank partners with Venture Catalysts to provide specialized banking services to Startup.
2018: Axis Bank partners with India Mortgage Guarantee Corporation (IMGC) to expand its Affordable Housing loan segment.
2018: Axis Bank’s prepaid Forex Card sales crosses $10 billion; an industry-first milestone.
2019: Kia Motors ties up with Axis Bank to offer Banking & Financing solutions to its customers.
2019: Axis Bank inaugurates its 4000th Branch in Pune.
2019: Flipkart, Axis Bank Launch Co-Branded Credit Card powered by Mastercard.
2019: Freecharge forays into Digital Credit Cards powered by Axis Bank.
2019: Axis Bank launches MAGNUS credit card, strengthening its Premium Cards portfolio.
2019: Axis Bank offers Free Door-step delivery of FASTags and anytime-anywhere recharge.
2019: Axis Bank launches ‘Burgundy Private’- its private banking platform.
2020: Axis Bank ropes in the untapped Education sector on BBPS Digital platform.
2020: Mastercard, Axis Bank and Worldline launch Soft POS to enable smartphones to be used as POS devices.
2020: Maruti Suzuki partners with Axis Bank for easy finance solutions.
2020: Axis Bank unveils AXAA--an AI powered conversational banking IVR.
2020: Axis Bank Launches Full Power Digital Savings Account With Video Kyc And Instant E Debit Card.