- Axis Bank celebrates the iconic milestone in the same city where it established its first branch in 1994 and also 2,500th branch
- Inaugurates 100 more branches across the nation, underscoring its commitment towards building a robust banking ecosystem
- The Bank plans to extend its branch network in the state by adding 28 more branches and 69 new ATMs in this fiscal year
- The Bank has empowered more than 1,040 Village Level Entrepreneurs in Gujarat to provide financial support to this large customer-base in the rural regions
- It has also committed Rs 37 crores from FY 2024 to 2027, to support 28,520 rural families in Gujarat through various CSR initiatives
NE BUSINESS BUREAU
AHMEDABAD, SEPT 26
Gujarat Chief Minister Bhupendrabhai Patel inaugurated Axis Bank’s 5000th branch in Ahmedabad on Tuesday.
In his inaugural address, the chief minister lauded the bank for playing its vital role in the development of Gujarat. Bhupendrabhai Patel said, “Axis Bank’s commitment to enhance accessibility and convenience for the people of Gujarat by undertaking expansion of its network. Prime Minister Narendra Modi had launched Jan Dhan Yojana to help the commonmen for inclusive growth of the economy under his vision of Digital India scheme.”
મુખ્યમંત્રી શ્રી ભૂપેન્દ્રભાઈ પટેલના વરદ્હસ્તે આજે અમદાવાદના બોડકદેવ ખાતે Axis Bankની 5000મી શાખાનો શુભારંભ કરવામાં આવ્યો હતો. મુખ્યમંત્રીશ્રીએ જણાવ્યું હતું કે, માનનીય વડાપ્રધાન શ્રી નરેન્દ્રભાઈ મોદી દ્વારા નાનામાં નાનો વ્યક્તિ બેંકમાં ખાતું ખોલાવી શકે તે માટે જનધન યોજના તેમજ… pic.twitter.com/WgZFKWrXuO
— CMO Gujarat (@CMOGuj) September 26, 2023
Reinforcing its commitment towards making banking solutions accessible to diversified segments of customers, today, Axis Bank inaugurated an additional 100 new branches in other parts of the country.
The inauguration of Axis Bank’s 5000th branch in Ahmedabad holds great significance, as the Bank’s very first branch was opened in the same city 29 years ago, in 1994, then known as UTI Bank. This first branch was inaugurated by former Prime Minister, Dr. Manmohan Singh.
Commenting on the inauguration, Amitabh Chaudhry, MD & CEO, Axis Bank said, “This milestone has a special significance for Axis Bank. From the first branch at Ahmedabad to the 5000th, we have traversed a path of continuous growth and progress. Through the years we have opened thousands of branches across the country, not just in metros and urban centers but also in the rural heartland, in hilly terrains, near borders and in some of the most impassable regions, taking us to the Bharat that we want to serve. Every new branch is a step closer to our vision of economic growth, financial inclusion and empowerment of communities, touching and transforming countless Indian lives.”
Amitabh Chaudhry said that the bank is betting big on its three “distinct propositions” of Bharat banking, digitisation, and ‘Sparsh’.
The Bharat banking business caters to the needs of rural and semi urban populations, and digitisation remains a huge area of focus for the bank, Chaudhri said, adding that Sparsh is a programme meant to drive consumer obsession in the bank.
Bank’s Group Executive and Head of Branch Banking, Ravi Narayanan said Axis bank is looking to open 500 branches through this fiscal.
Ravi Narayanan said, “It’s an immensely proud moment for all of us, as we celebrate this momentous occasion at Axis Bank. The opening of this milestone branch is a true embodiment of our journey of trust, commitment, dedication, and excellence. We are delighted to announce that today we are inaugurating an additional 100+ new branches in other parts of the country, to bring banking solutions closer to our customers’ doorstep. As we move forward, we will continue to harness our people strength as well as digitization, to ensure that our banking services not only meet but exceed the expectations of our customers.”
Axis Bank has been offering customized banking solutions to its diversified segment of customers through its 389 branches in Gujarat, out of which 147 branches are in the metro, 60 are in urban regions, 106 in semi-urban regions, 18 in rural regions and 58 in the unbanked rural regions. The Bank plans to extend its branch network in the state by adding 28 more branches and 69 new ATMs in this fiscal year.
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@AxisMutualFund @AxisBank @AxisBankSupport https://t.co/sOcIPCV5Yk#AxisMutualFund #InvestorSurvey #mutualfunds
— Navjeevan Express (@NavjeevanExp) September 26, 2023
Axis Bank has a long-standing association with Gujarat Police and Government Teachers, holding more than 1.2 lakh savings accounts with Axis Bank. The Bank has partnered with Gujarat police on various initiatives such as financial literacy camps and police loan melas. In association with the Gujarat police, the Bank recently launched #InnChoroSeSawadhaan, a digital campaign on cyber awareness and fraud protection to create awareness amongst people on the latest modus operandi adopted by fraudsters to dupe people of their hard-earned money.
Additionally, the Bank has empowered more than 1,040 Village Level Entrepreneurs in Gujarat to provide financial support to this large customer-base in the rural regions. It has also committed Rs. 37 crores from FY 2024 to 2027, to support 28,520 rural families in Gujarat through various CSR initiatives.
