Axis Bank to launch six more branches in Mumbai

Mumbai: Private sector lender Axis Bank said it plans to launch six additional branches in Mumbai, taking the total number of its branches in Maharashtra to 181 by March 31.

These branches, located in the Mumbai Circle, also include branches in Navi Mumbai and Turbhe, a press release issued here stated.

Axis Bank's Deputy Managing Director, S K Chakrabarti, said, "Axis Bank is focused on taking its products and services into the farthest corners of the country.

The bank, to grow its network and achieve this, planned to open 350 branches across the country by the end of this fiscal and is well on course to achieve that target."

The Bank enjoys the patronage of the state government for collection of stamp duty through franking.

Axis Bank offers a vast spectrum of services encompassing large and mid-corporate banking, SME banking, agri-business banking, retail banking and international banking.

By the end of this fiscal, Axis Bank will have a network of over 1,300 branches and over 5,900 ATMs across the country.

The branches are spread across more than 850 cities and towns, enabling the bank to reach out to a large cross-section of customers, the release said.

Moreover, Axis Bank has a presence in Singapore, Hong Kong, Shanghai and Dubai, and seeks to expand further its international presence.

Axis Bank has the largest EDC network, the third largest ATM network in India and also has the fourth-largest base of debit cards in the country. Its market capitalisation as on March 28, stood at Rs 56,711-crores (NSE).

Source: Financial Express