Financial updates of Axis Bank

Axis bank, previously called UTI (Unit trust of India) bank, was promoted jointly by the Administrator of the Specified Undertaking of the Unit trust of India. Life Insurance corporation if India (LIC), General Insurance corporation Ltd., National Insurance Company Ltd.. The new India Assurance Company, The Oriental insurance Corporation and united insurance company Ltd. In April 2007 the bank changed its name to Axis bank for avoiding confusion with other unrelated entities with similar name. This bank is one of the big 4 banks of India with SBI, ICICI bank and HDFC bank. Finishing October 2009, the bank had a very wide network of more than 925 branch offices and extension counters.

The bank has a network of over 3900 automated teller machine. Net profit in the quarter ended September rose to Rs. 531.64 cores from 402.91 cores in the same period. The overall asset managed grew by 18.72 percent year on year from 1,27,786 cores as at the end of September 2008. Demand deposit on daily average basis grew by 27.69 percent year on year to Rs. 42,554 cores during quarter ending September 2009 from Rs. 33,326 cores during quarter ending September 2008. with saving bank deposit growing by 32.92 percent year on year.

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Private Bank in India

1. Axis Bank
2. Bank of Rajasthan
3. Catholic Syrian Bank
4. City Union Bank
5. Development Credit Bank
6. Dhanalakshmi Bank
7. Federal Bank
8. HDFC Bank
9. ICICI Bank
10. IDBI Bank Ltd
11. IndusInd Bank
12. ING Vysya Bank
13. Jammu & Kashmir Bank
14. Karnataka Bank
15. Karur Vysya Bank
16. Kotak Mahindra Bank
17. Laxmi Vilas Bank
18. Nainital Bank Ltd
19. Ratnagar Bank
20. SBI Commercial and International Bank
21. South Indian Bank Ltd
22. Tamil Nadu Mercantile Bank
23. Yes Bank