large scale image
LCP Image

Back to TSCFM News

Axis Bank plans to extend its network by adding 28 more branches

September 27, 2023

Axis Bank plans to extend its network by adding 28 more branches
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 Chaudhry 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 commitment to enhance accessibility and convenience for the people of Gujarat,” it said.
 
Axis bank’s MD and CEO Amitabh Chaudhry told reporters that the bank is betting big on its three “distinct propositions” of Bharat banking, digitisation, and ‘Sparsh’.
Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp