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Axis bank

Reinventing banking
Presented by :
Nikunj Shah
Reshma Sonawane
Jayesh Surve
Sanil Tharwal
Ankita Trivedi
Indian Banking System

History of Banking in India


The first bank in India, though conservative, was
established in 1786. the journey of Indian Banking
System can be segregated into three distinct phases.
Phase 1
1786 to 1969
1786 : The General Bank of India
Next came Bank of Hindustan and Bengal Bank.
The East India Company established Bank of Bengal
(1809), Bank of Bombay (1840) and Bank of Madras
(1843) as independent units and called it Presidency
Banks.
These three banks were amalgamated in 1920 and
Imperial Bank of India was established which started
as private shareholders banks.


In 1865 Allahabad Bank was established and first
time exclusively by Indians, Punjab National Bank
Ltd. was set up in 1894 with headquarters at Lahore.

Between 1906 and 1913, Bank of India, Central Bank
of India, Bank of Baroda, Canara Bank, Indian Bank,
and Bank of Mysore were set up.

Reserve Bank of India came in 1935.

During the first phase the growth was very slow
Banks also experienced periodic failures between 1913 and
1948.
There were approximately 1100 banks, mostly small.
the Government of India came up with The Banking
Companies Act, 1949 which was later changed to Banking
Regulation Act 1949 as per amending Act of 1965 (Act No. 23
of 1965).
Reserve Bank of India was vested with extensive powers for
the supervision of banking in India as the Central Banking
Authority.

Phase 2
In 1955, it nationalised Imperial Bank of India with
extensive banking facilities on a large scale specially
in rural and semi-urban areas.

It formed State Bank of India to act as the principal
agent of RBI

7 Banks formed subsidiary of State Bank of India
were nationalised.




It was the effort of the then Prime Minister of India,
Mrs. Indira Gandhi.

14 major commercial banks in the country was
nationalised.

The branches of the public sector bank India rose to
approximately 800% in deposits and advances took a
huge jump by 11,000%.
Phase 3
This phase has introduced many more products and
facilities in the banking sector in its reforms measure.

In 1991, under the chairmanship of M Narasimha, a
committee was set up by his name which worked for
the liberalisation of banking practices.

The country is flooded with foreign banks and their
ATM stations.


Efforts were being put to give a satisfactory service to
customers.

Phone banking and net banking was introduced.

The entire system became more convenient and
swift.

Time was given more importance than money.
Emergence of Private Banks
Private banking in India was practiced since the beginning of
banking system in India.

The first Private Bank in India to receive an in principle
approval from the Reserve Bank of India was Housing
Development Finance Corporation Limited.

It was incorporated in August 1994 as HDFC Bank Limited with
registered office in Mumbai and commenced operations as
Scheduled Commercial Bank in January 1995.


List of Private Banks in India

Bank of Punjab
Bank of Rajasthan
Catholic Syrian Bank
Centurion Bank
City Union Bank
Dhanalakshmi Bank
Development Credit Bank
Federal Bank
HDFC Bank
ICICI Bank


IDBI Bank
IndusInd Bank
ING Vysya Bank
Jammu & Kashmir Bank
Karnataka Bank
Karur Vysya Bank
Laxmi Vilas Bank
South Indian Bank
United Western Bank
UTI Bank
UTI BANK
Introduction
Axis Bank (Formerly known as UTI) was one of the few
private banks to have began operations in 1994
The Bank was promoted jointly by the Administrator
of the specified undertaking of the Unit Trust of India
(UTI)
Life Insurance Corporation of India (LIC).
General Insurance Corporation Ltd (GIC).
National Insurance Company Ltd.
The New India Assurance Company.
The Oriental Insurance Corporation.
United Insurance Company Ltd.

Journey From UTI to AXIS
1994-1997
Incorporated as UTI Bank, headquartered in
Mumbai
First Branch inaugurated at Ahmedabad
Completes first profitable year in operation in
1995
Deposit crosses Rs.10bn mark in 1996

1998-2000
Successfully completes its IPO in 1998 and gets itself
listed on NSE and BSE
Cash management services as well as credit card
launched
Profit crosses Rs.500m in 2000
Launches Internet banking module, iConnect retail
loans introduced
Financial advisory services and e-commerce introduced
Second largest ATM network in the country with 200
ATMs
2001-2005
Private placement of 26% stake to CDC Capital
Partners
Deposit crosses Rs.100bn mark in 2001, advances
crosses Rs.50bn
First commercial bank to open an ATM at a post
office
Crosses the 1,000 ATM mark in 2003
Gets listed on the London Stock Exchange, raises
$239.3m

2006-2008
Opens its first international branch in Singapore
Opens Representative Office in Shanghai
Crosses the 2,000 ATM mark in 2006
Opens a Full Licence Bank Branch in Hong Kong
Re-brands itself as Axis Bank
Mumbai, Jul 30 2007 : UTI Bank on Monday
rechristened itself as Axis Bank.

PROBLEM


WHY THEY CHANGE THEIR NAME FROM UTI
TO AXIS BANK
THERE ARE 3 MAIN REASONS

1. They had to give up the UTI name after using it for
13 years as we were not prepared to accept terms
and conditions (including royalty) from UTI AMC
The decision to rebrand itself was taken by the bank
as it was allowed to use the 'UTI' brand name for
free till January 31, 2008, beyond which it had to
pay royalty for using the name.
2. The recommendation for name change to Axis Bank
has arisen from the existence of several
shareholder-unrelated entities using the UTI brand,
and the consequent brand confusion that this
generates



3. The name UTI bank was changed to AXIS bank as UTI
gave a look of government sector bank. They had to
change our name to have our own brand and
identity.

Rebranding Exercise
"The name was taken into effect consequent to the
approval of shareholders, Reserve Bank of India and
the central government (Registrar of Companies).
The UTI brand is owned by UTI Asset Management
Company
The bank would change logo and colour of logo the
bank is likely to spend around Rs 50 crore in the re-
branding exercise.
The bank acquired the services of Ogilvy & Mather
(O&M) to design and implement the rebranding
campaign

The new name AXIS
The new name was chosen considering the banks
pan-Indian as well as international presence.

The first time that a bank has dropped an
established brand for an unknown name.

The name Axis is chosen as it is simple and it
conveys a sense of solidity and a sense of
maturity. It also has a universal appeal.



The New Logo
The logo depicts a strong growth path for the bank
supported by a strong base, indicating that the bank is
moving on from a position of strength.
ABOUT AXIS
Mission
Customer Service and Product Innovation
tuned to diverse needs of individual and
corporate clientele.
Continuous technology up gradation while
maintaining human values.
Progressive globalization and achieving
international standards.
Efficiency and effectiveness built on ethical
practices.

Core Values of Axis
Customer Satisfaction through
Providing quality service effectively and efficiently
"Smile, it enhances your face value" is a service quality
stressed on
Periodic Customer Service Audits

Maximizations of Stakeholder value

Success through Teamwork, Integrity and People

The banks business is divided into four segments:

Retail, corporate, treasury and merchant banking.

Apart from this the bank is also into insurance,
investment banking, mortgage financing, credit cards,
and depository services amongst others.

it is also registered on the following exchanges:
OTCEI
BSE
NSE
London stock exchange


Services
Retail banking
Deposits schemes
Loans and advances
Personal loans
Housing loans
Cards
Consumer durables
Auto loans

Personal banking
Accounts
Term deposit
Fixed deposit
Recurring deposit
Cards
Different variant like: Gold plus card, Gold card, Silver & silver
plus cards.

Corporate banking
Accounts
Normal Current Account
Trust/NGO Savings Account
Services
Private Equity, Mergers & Acquisitions
Advisory Services
Capital Market Funding
E-Broking

Recent Developments
Shikha Sharma was named as the bank's
managing director and CEO on 20 April 2009.

As on the year ended March 31, 2009 the
Bank had a net profit of Rs 1,815.36crores

The bank now has 835 branches including
extension networks across 30 States and 4
Union Territories.



The bank also has overseas offices in Singapore,
China, Hong Kong and Dubai.

Crosses the 3,723 ATM mark in 2009

Launches Platinum Credit Card, India's first EMV chip
based card

Axis Bank is now trading at Rs 911.85 (17
th
sep).
Axis Financial Position
Particulars Mar 07 Mar 08 Mar 09
Deposits 58,785.60 87,626.22 117,374.11
Advances 36,876.48 59,661.14 81,556.77
Share Capital 281.63 357.71 359.01
Net worth 3,402.21 8,770.69 10,214.80
Book Value 120.80 245.19 284.53
Interest earned 4,560.40 7,005.32 10,835.49
Interest expenditure 2,993.32 4,419.96 7,149.27
Net profit 659.03 1,071.03 1,815.36
Net NPAs 0.61% 0.36% 0.35%
Total Assets 73,257.21 109,577.84 147,722.06
Return on Assets 1.10% 1.24% 1.44%
Rs in crs.
Axis Bank Ratio Analysis
Particulars Mar 07 Mar 08 Mar 09
Capital Adequacy Ratio 11.57 13.73 13.69
Net profit margin
12.01 12.22 13.31
Operating Expense / Total Inc
23.26 26.20 24.95
Return on Net worth (%) 19.37 12.21 17.77
Net Interest Income/total funds 4.01 4.74 4.98
Non Interest Income/total funds
0.03 0.02 0.06
Net Profit / Total Funds
1.07 1.17 1.41
Earning per share
23.40 29.94 50.57
Equity Dividend (%) 45.00 60.00 100.00
Revenue Break up of Axis
Segment Revenue Mar 09
Treasury 20,290.71
Corporate /wholesale
banking
7280.14
Retail banking 6675.51
Other banking business (5.40)
Rs in crs
Comparative Analysis
Particulars Axis HDFC PNB HSBC
Deposits 117,374.11 142,811.58 209,760.50 49,970.27
Advances 81,556.77 98,883.05 154,702.99 27,588.68
Share Capital 359.01 425.38 315.30 4,499.16
Net worth 10,214.80 15,052.73 14,653.63 11,214.3
Book Value 284.53 344.44 416.74 -
Interest earned 10,835.49 16,332.26 19,326.16 6,326.9
Interest expenditure 7,149.27 8,911.10 12,295.30 2,661
Net profit 1,815.36 2,244.94 3,090.8 12,91.2
Net NPAs 0.35% 1.49% 0.17% 1.42%
Total Assets 147,722.06 183,270.78 246,918.62 94,620.3
Return on Assets 1.44% 1.10% 1.15% 1.51%
As on Mar 09. Rs in crs
Comparative Ratio Analysis
Particulars Axis HDFC PNB HSBC
Capital Adequacy Ratio 13.69 13.60% 12.96% 15.31%
Net profit margin 13.31 11.35 13.76
Operating Expense / Total Inc 24.95 35.06 21.53
Return on Net worth (%)
17.77
15.32 23.52
Net Interest Income/total funds 4.98 6.86 4.34 6.66%
Non Interest Inc/total funds 0.06 - 0.25 2.84%
Net Profit / Total Funds
1.41 1.42 1.40 4.39%
Earning per share
50.57 52.77 98.03 -
Equity Dividend (%)
100.00 100.00 200 -
Net Interest margin (%) 3.33 4.40 3.58
Comparative Reach Analysis
Banks Branches ATMs Cities Inception yr Overseas presence
Axis 835 3595 515 1994 4
HDFC 1416 3382 550 1995
PNB 4668 2150 21,408 1895 3
HSBC 178 150 - 1959 83
Axis Bank
Marketing Overview

Marketing Management
Marketing Objectives
Axis Bank want to achieve following marketing
objectives by the end of the year 2011.

To get the market capitalization 500 Crore
To get the 200 Crore retail investment.
To get 125 Crore Corporate investments.
To get the 175 Crore Capital investments.

REBRANDING
Has retained the burgundy color, but has
changed the logo.

Spend around Rs50 Crore in the re-branding
exercise.

Had hired advertising firm O&M.
Bankers Identify Near-Team and
Long Term Concerns

1991 2015
Maintaining profitability
Credit Portfolio Management
Service Quality
Regional Economy
Cost Management / Expense reduction
Declining Earnings/ more failures
Market / customer focus
Capital adequacy
Stock market value
Industry Overcapacity
Service quality
Maintaining profitability
Market / customer focus
Operations/systems/technology
Credit portfolio management
Productivity improvement
Investment to stay competitive
Stock market value
Asset/liability management
Electronic Banking
SWOT ANALYSIS OF AXIS BANK

STRENGTHS:
Brand Name
Support of various promoters.
High level of services.
Knowledge of Indian market.


WEAKNESS:
Not having good image.
Market capitalization is very low.
Not been fully able to position itself
correctly.
OPPORTUNITIES:

Growing Indian banking sectors.
People are becoming more service
oriented.
In the global market.
Dissatisfied Customers.
Business advising for smaller Players

THREATS:
Advent of MNC banks
Foreign banks
Govt. banks
Future market trends.
SWOT
PESTLE ANALYSIS OF AXIS BANK
Competitive Strategy
For the private sector banks:

Differentiation on the basis of area coverage.

Restricted Reach.

Level of service is the same.

Axis got advantage because of Product Innovation.

Competitive Strategy
For the government sector banks

High level of service quality and through
product innovation.

AXIS not any where near, but has created a
different set of segment.

People who believe in the higher set of
services
Competitive Strategy
For the International Banks :

Differentiated itself on the base of the reach
and coverage to the people.

Service level is somewhat same.

In the future these banks may create a
problem.

Features Of Axis Bank
Anywhere Banking
Instant Fund Transfer
Internet Banking
At-Par (Multicity) Chequebook
ATM cum Debit Card
Mobile Banking
Phone Banking

Marketing Mix in Banking Industries
Product.
Price.
Place.
Promotion.

Other than these:

People.
Process.
Physical Evidence.
Penetration Pricing.
7 Ps OF MARKETING OF AXIS BANK
Product Mix:
Deposits
Investments
Anywhere banking
Loans
Cards
Mobile banking
NRI services
PRICING MIX
Value for money.
Lower fee charged.

PLACE MIX
Making available the promised services to
the ultimate users.

Selecting a suitable place for bank
branches.

Plans to set up 210 more branches across
the country in this fiscal.

PROMOTION MIX
Advertising
Print media
Publicity
Sales promotion
Personal selling
Telemarketing
PROCESS MIX
Flow of activities
Standardization
Customization
Number of steps
Simplicity
PHYSICAL EVIDENCE
Internet
Paperwork
Brochures
Furnishings
Business cards
Tangibles
Punch lines
Employees dress code

PEOPLE
EMLOYEES
STP ANALYSIS
Segmentation strategy
Demographics variables
Location
Metros & divisional cities
Occupation
Business persons
Salaried class (both Govt. and private)
Working woman
Age
Senior citizens
Minor
Psychographic variables
Lifestyle
The people who believes in modern banking with higher set of
services i.e. Internet banking (icontact, mobile refill, travel currency
card etc.).


Targeting strategy
Target market

Corporate banking market: This market target the
industries and fulfil their financial needs.

Capital market: This segment is targeted on the
long term needs of the individual as well as of
industries

Retail banking market: This segment is for the
retail investor and provide them short term financial
credit for their personal, household needs.

Targeting strategy
Selective specialization strategy
Here the bank selected a number of segments, each
objectively attractive & appropriate. There may be
little or low synergy among the segment but each
segment proves to be worth full for it.

If we take the example of cards then Axis bank have
separate set of credit cards, each targeted at different
set of people i.e. segment and each one has its own
importance for the bank.

Positioning strategy

Axis bank has positioned itself as a bank
which gives higher standard of services
through product innovation for the diverse
need of individual & corporate clients. So they
want to highlight following points in their
positioning statement:
Customer centric
Service oriented
Product innovation

The Key Target Audience
Worksheet

Where does sales and usage come from?
From urban and sub-urban areas.
Does marketing objective require trial or
continued usage?
Continuous usage.
What do we know about our target segment?
People bothered more about the services more in the
STP analysis.
Who are the decision makers?
User of the services.

The Communication Strategy
Worksheet
What are the Communication Objectives ?
Bring the bank into the top 3 banks in India. (At present
it is on 6th position).
Generate Brand awareness.
Develop positive attitude about the brand.
Give product information.
Communicate Banks emphasis on high standard of
services.
Result of the communication exercise:
Image change about the bank.
Purchase our services.

The fact that the top 9 banks account for barely 57.8% of the market share
suggests that several smaller players occupy the remaining 42.2%

PRIORITY BANKING
AXIS Eligibility Criteria

(AQB) of Rs. 1 Lakh in your savings account (75,000 if
in case you have a salary account with Axis Bank)
Rs. 5 lacs in combination of your savings and term
deposits (Minimum AQB of Rs. 50,000 in the savings
account)
Minimum Average quarterly relationship of Rs. 10
lacs across members of the same family - subject to a
minimum (AQB) of Rs. 80,000 being maintained in
the savings account of each member and the
remaining amount in Term Deposits

Axis Bank
H. R. Overview

OBJECTIVES OF HRD IN AXIS BANK
Initiate & institutionalize globally competitive HR practices.

Put in place relevant HRD strategies and use modern
methodologies.

Create a performance-driven culture and an exciting
workplace.

Create a pool of entrepreneurial managers and business
leaders.

Create a learning organization for employees .


FUNCTIONS OF HRD
Ultimate aim of the human resources function is to build and
manage a motivated pool of professionals delivering optimum
value to customers.

Major platforms on which the success of the bank's corporate
strategy rests is bringing on board the requisite skills.

Young bank with an average age of 29 years and a talent pool
comprising a mix of new recruits and experienced officers.

CONTD
Training-Scheduling.

Performance Management.

Compensation/Reward Administration.

Grievance Handling.

HR BUSINESS MODEL
HR BLUEPRINT FOR BUSINESS DRIVEN
HR REFORMS
HR Steering Committee
KHOJ
Sampark
Paramarsh
Axis Financial Rewards For Business Leaders
Mep-tikshna
Hr Policy For Overseas Selection & Deployment
Hr Resourcing Policy
Performance Appraisal System For Clerical And Sub-staff
Axis LEADERSHIP DEVELOPMENT CENTRE


RECRUITMENT PROCESS IN AXIS
BANK
CV Submission And Application Evaluation
Ability Tests
Capability Based Interviews
Reply Letters
Job Offer
Axis Bank
Information System Overview

INFORMATION SYSTEM

Implemented a new derivatives system-- Summit FT
with the help of global financial applications provider
Misys.

Provides ability to structure derivative products in real
time and give a single view of the entire transaction to
the customer

The bank hopes to leverage the ability to rationalize its
currently dispersed functions to provide a single view
of every transaction to customers.
CONTD..
Apart from creating a new derivatives product, it also helps
from a regulatory compliance standpoint.

RBI favors transparent online systems that can track every
transaction and report it exactly as it is.

An automated system removes this anomaly and improve
compliance to a great extent.
SUNTECS TOOL FOR AXIS BANK

AXIS Bank Chose SunTec Business Solutions software to
centralize and streamline the banks pricing and billing
processes.

Implemented a solution that helps Axis Bank create
personalized product packages and manage fee billing for
payment and cash management, while having a unified view
of its customers.

Axis Bank is SunTecs second banking services client in India,
after ICICI Bank.


SOFTWARE RESOURCES

RisKompass:
Pyxis systems has provided AXIS bank its RisKompass as the
software solution for financial derivatives risk management.
It enables clients to manage derivative trades in a further
controlled way from the front to back office.
Automated system that can be accessed by anyone on the
different locations of the bank.
Smoother deal processing, with verifying and online risk
monitoring mechanism.
The system is user friendly, and the software offers good
portfolio management features.

OTHER SOFTWARES

Atom Technologies, A Subsidiary Of The Bse-listed Financial
Technologies (India) Ltd (FTIL), Which Runs The Multi
Commodity Exchange Of India Has Innovated A Technology,
Which Enables Mobile Payments.

Electronic Clearing Service (ECS Credit) .

NEFT.

Real Time Gross Settlement (RTGS).

ORGANISATION TRANSACTION PROCESSING SYSTEM:
EBS (E-Billing Solutions):
It is the Merchant Account providing company partnered
with Axis Bank.

Visualizes you how to become more competitive and help
you to make the changes to your online payment
processing for risk free business.

EBS "Payment Gateway" is specifically designed to
accommodate the increasing demand by e-commerce
companies for sophisticated payment solutions to tap the
enormous opportunities for global Internet transactions.




HOW IT WORKS?

TECHNOLOGICAL ADVANCEMENTS
Extensive Network .

Centralized Service Desk.

Comprehensive MIS .

Mobile Alert Service.

Operations Perspective
Rebranding

UTI Bank has changed its name to Axis Bank Ltd

Immediately, the bank replaced signages

Informed customers about the brand change
through various channels

Restructured its operations after rebranding


How their strategy changed after rebranding:


Earlier they were only customer centric


NOW they have added Service centric and
product innovation into their strategy.

Information Technology:

Played a vital role in growth of organization

To retain a competitive edge, the Bank's
technology infrastructure is continuously
upgraded

Use of technology-
first among Indian banks in submitting centralised
Return for foreign exchange transactions
first bank in the India to market EMV chip
embedded Debit Platinum, Travel Currency and
Credit Platinum cards
New Initiatives
Remittance Card:
A unique product that has changed the way money is sent
across borders.

Available as a delivery mode for remittances made through
the Web Portal www.Remit2India.com.

Based on the remitters request, a personalised Remittance
Card is prepared for the beneficiary, which is preloaded with
the funds remitted to him in INR.
VISA Money Transfer Service:
To send money from an AXIS Bank account to any of the VISA
Cards issued in India

To pay VISA credit card bills by giving the card number and
making a direct payment

The senders account would be debited instantaneously with
the transferred amount, but the funds will reach the
beneficiarys VISA Card within one or two days.

The service has been enabled through all Axis banks ATMs
and i-Connect (Internet Banking)



EMV standard based Platinum Credit Card:
Card has an embedded chip, which stores cardholders
information in an encrypted format, thereby providing
the highest level of security to the cardholder against
possible misuse.

Offers clear authentication of debit and credit
payments combined with easy fraud detection.

The chip cannot be duplicated, ruling out
counterfeiting and skimming. This makes your card
safer and secure than any other card in India.

How does it work:-
Step 1:
The merchant inserts the
chip card into his EDC
terminal in the chip
reader slot. The card need
not be swiped.

The card remains inserted
in the terminal
throughout the
transaction .

Step 2:

The purchase amount
is entered in the
terminal.


Once the purchase is
approved a receipt
will be printed.

Step 3:

The Cardholder signs
the receipt and
removes his/her card
from the terminal.


Strategic Tie-ups
Tie- up with Banque Privee Edmond de
Rothschild Europe:

Axis Bank and Banque Privee Edmond de Rothschild
Europe have signed an agreement on September 19,
2007 in Luxembourg.

Agreement enabled both organisations to work
together and provide Wealth Management solutions to
overseas Indians.

The tie-up will also enable Axis Bank to offer investment
opportunities in global financial products for overseas
Indians and will offer the joint products through its
branches in Hong Kong, Singapore and Dubai.
Tie-ups with various Govt. Departments:
Govt. Departments:

DGFT ePayments
MCD - Municipal Tax or Fees ePayments
MCD - eTendering Project
Sampark - Utility Bill ePayments
Bangalore One Project - Utility Bill ePayments

Alternate Channels:

ATM Channel

Internet Banking Channel

Mobile Banking Channel




ATM Channel
All its ATMs are connected to Base24 ATM switch

The Bank through its ATMs offers the following services:
Banking Services
Mobile Airtime Refill
Bill Payment e.g.: BSNL, MTNL
Life Insurance Corporation Premium Payment
Purchase and redemption of UTI Mutual Fund
Schemes through the ATM.


Shared resource:
Bilateral ATM sharing arrangement:
State Bank of India
ABN Amro Bank
Bank of Rajasthan
Karur Vysya Bank
Andhra Bank

Multilateral ATM sharing arrangement:
Cashnet (A shared network run by Euronet India Pvt. Ltd.)

BANCS (Formerly known as Swadhan. Now run by E Funds
Ltd.)


Internet Banking Channel:
Axis bank provides a number of value-added services on the
Internet banking platform

Services:

a) Funds Transfers
To the customers own Axis Bank account
To any Axis bank account
To any account in any other bank in India (Power Transfer)



b) Bill Payment
Presentment or EBPP (Electronic Bill Presentment & Payment):
Bill presentment happens
The biller will send an electronic version of the bill
for acceptance and payment

Direct Payment:
- No bill presentment happens
- The customer is free to select the biller and pay
accordingly to his convenience.


c) Shopping etc.
Mobile Banking Channel:
Debit or credit in your account:
Receive alerts on your mobile phone every time there is a
debit or credit in your Axis Bank account for more than
Rs. 5,000

You can also request for the following information:
- Balance
- Last three Transactions
- Know the status of your cheque
- Request security balance in demat account

Growth Prospects of Axis
Over the last five years, the CAGR for loan growth for the banking industry
has been 25-26 per cent; for Axis Bank it has been above 40 per cent.
Nonetheless, the bank is still expected to grow its loan portfolio at 1.5-
1.7x the industry average.
In FY09 its advances grew at the rate of 37.5 per cent.
In FY10 they are expected to grow at the rate of 27-28 per cent and in
FY11 at 25 per cent.
For the banking industry as a whole, the loan book is expected to grow at
18 per cent in FY10 and 16 per cent in FY11.
Thus, Axis Banks fast pace of growth is expected to sustain over the next
couple of years.
Conclusion !!!!
AXIS bank has differentiated itself very well on the basis of
high level service and product quality.

They have successfully implemented the change and due to
this their market share has increased only despite of tough
competition prevails.

Thank you

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