Axis Bank Fund Expansion

Axis Bank on Tuesday announced the introduction of digital US dollar fixed deposit (FD) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat. With this introduction, Axis Bank becomes the first bank to offer a digital journey for GIFT City Deposits, the bank said in a statement. NRI customers of the bank can now open US dollar fixed deposits at GIFT City through 'Open by Axis Bank'; the mobile banking application of the lender, it said. This offering simplifies the process of booking US dollar Fixed Deposit for NRI customers, by providing them an end-to-end digital paperless solution and eliminating the need for physical documentation, it said. Besides seamlessly opening an FD account anytime from anywhere, customers can also track and manage their FD digitally, it said. With attractive interest rates, Axis Bank provides NRIs with one of the best investment opportunities, it said. The US Dollar fixed deposit also offers a wide range of investment tenures from se

Axis Bank plans to extend its branch network in the state by adding 28 more branches and 69 new ATMs this financial year, as it aims to enhance accessibility for the people of Gujarat. The lender opened its 5000th branch in Ahmedabad city on Tuesday, 29 years after it launched its first branch in the same city. Chief Minister Bhupendra Patel inaugurated the new branch. Axis Bank MD and CEO Amitabh Chaudhri and other senior officers were also present on the occasion. The bank has 389 branches in Gujarat, out of which 147 branches are in the metro, 60 in urban regions, 106 in semi-urban, 18 in rural and 58 in unbanked rural regions. The Bank's very first branch was opened here in 1994, then known as UTI Bank. This first branch was inaugurated by former Prime Minister, Manmohan Singh, Axis Bank said in a statement. "The bank plans to extend its branch network in the state by adding 28 more branches and 69 new ATMs in this fiscal year. This strategic expansion demonstrates Axis Bank's

The board of directors at its meeting held on April 26, 2017 had approved the fund raise plan