Executive summary on working capital management of axis bank

In this direction, during the year, the Bank has opened specialised Priority Banking branches for the high networth customer segment. Progressive globalization and achieving international standards. On the Internet Banking front, the registered user base of the Bank rose from 1.

The Bank utilises both statistical as well as non-statistical measures for the market risk management of its trading and investment portfolios.

Axis is one of the few private sector banks that has been on-boarded as advisory bank in Government e-Marketplace GeM.

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Third Party Distribution The Bank today is one of the leading distributors of mutual fund schemes in India and ranks among the top 5 distributors in terms of Assets under Management AUM. Syndication and underwriting of corporate debt also increased in volumes and resulted in rising fee income. These branches are exclusive boutique banking branches with a plush ambience catering to high networth individuals, that takes the Priority Banking product to an experiential level, offering service in a discreet manner while maintaining comfort and confidentiality for the customers. The Meal Card is an electronic variant of the meal vouchers in existence today. The collapse of the US housing market has had a devastating effect on the nation, where the housing price boom was particularly pronounced, and the subsequent decline has been particularly disastrous. During 07, three such branches were opened in the cities of Pune, Mumbai and Kolkata, with plans to open more such branches at other urban centers in Despite being a late entrant in payments solutions, the Bank today is ranked amongst the top players in the credit cards business. With the evaluation of each component, the financial position from different angles is tried to be presented in well and systematic manner. The Bank offers a range of forex and remittances products to its retail customers, which include forex cards, inward and outward wire transfers, travellers cheques and foreign currency notes, remittance facilities through online portal as well as through collaboration with correspondent banks and exchange houses. It constantly works to upgrade its skills in financial structuring to be able to continue providing value to its corporate customers.

In the first phase of the initiative, the Bank provided direct relief to flood-affected families in Kottayam, Alappuzha, Palai and Vaikom areas, providing need-based relief items with Banks employees supporting relief agencies in evacuation of people. He concentrated several countries like Japan USA etc.

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Risk Management The risk management objective of the Bank is to balance the trade-off between risk and return, and ensure that the Bank operates within the Board approved risk appetite statement. As on 31 Marchthe book value per share of the Bank has increased to Rs.

A study on financial ratio analysis of axis bank

Services sector continues to reflect high growth. The Bank continued to implement its strategy of de-growing the overseas loan book aligned to the focus shift of top business houses to tap opportunities in the domestic market. The product seeks to replace cash, cheque, and voucher-based gifts. To suggest ways for improving the market share, profit margin. The Bank upgraded its core systems for better scalability, stability and enhanced security. The Bank also maintains an investment and proprietary trading portfolio in corporate bonds and equities. With branches, 53 extension counters, 2, ATMs, 3. This year, Burgundy was re-positioned as the Wealth Management proposition for the affluent customers. Cash management A concerted effort to serve customers better saw the Bank opening several new branches in the financial year. We will guide you how we will deal with deposits and other assets held with us in the name of a deceased person in the absence of nomination 15 Axis will make sure that all advertising and promotional material is reasonable and not misleading. The due diligence process, while opening a deposit account will involve satisfying about the identity of the person, verification of address, satisfying about his occupation. Sourcing of current account deposits is a focus area for growth.

Singhal T.

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