Smart forex banco de eixo de cartão de viagem corporativo

Introdução.
O cartão de viagem ICICI Bank Travel é o companheiro de viagem perfeito para todas as suas viagens internacionais. É uma alternativa inteligente, econômica, conveniente e segura para transportar moeda estrangeira enquanto viaja para o exterior. Oferece carregamento e ativação instantâneas, permitindo que você comece a usar o cartão imediatamente após a compra para o seu voo internacional e reservas de hotéis.
ICICI Bank Travel Card vem com um cartão de substituição absolutamente gratuito que pode ser ativado instantaneamente em caso de perda / roubo / dano do cartão primário. Além de protegê-lo das flutuações da taxa de câmbio, o cartão oferece grandes descontos em lojas no mundo inteiro para o seu jantar, compras, estadia e outras despesas. Ele também oferece muitos benefícios adicionais, incluindo seguro de viagem abrangente, assistência de viagem de emergência e perda de responsabilidade de zero perda.
* Aplicável apenas para pagamentos através de sites internacionais.
Nossa chamada de saída é restrita apenas à Índia.
Para obter informações, ligue-nos para o atendimento ao cliente.
Características e Benefícios do ICICI Bank Travel Card.
Comprar / Recarregar cartão de viagem on-line Instant Wallet para transferência de fundos Wallet Gerenciamento de contas em tempo real Segurança superior Cartão de substituição grátis no kit Facilidade de uso em todos os cantos do mundo Ofertas incríveis e amp; descontos em estabelecimentos comerciais Compras duty-free em aeroportos indianos Seguro de viagem abrangente gratuito Assistência para viagens de emergência.
Escolha o seu cartão de viagem.
Cartão de viagem Multicurrency Cartão de viagem do estudante Cartão de viagem de moeda única.
Multicurrency Travel Card.
Multicurrency Travel Card.
ICICI Bank Multicurrency Travel Card é uma solução ideal para viajantes internacionais freqüentes que visitam vários destinos. Você pode transportar até 15 moedas em um único cartão - USD, GBP, EUR, CAD, AUD, SGD, AED, CHF, JPY, SEK, ZAR, SAR, THB, NZD, HKD.
O cartão é habilitado com uma tecnologia inteligente para escolher automaticamente a carteira de moeda de acordo com a moeda local de transação das várias carteiras disponíveis no cartão. Além disso, no caso de saldo insuficiente na carteira de moeda de transação, o valor será debitado da carteira de maior ordem com saldo suficiente.
Student Travel Card.
Student Travel Card.
Projetado exclusivamente para viajantes estudantis, o cartão de viagem do estudante do ICICI Bank pode ser usado para o pagamento de taxas de inscrição de admissão (GMAT, GRE, TOEFL e pessoas que gostam), taxas universitárias, taxas de hospedagem, etc. O cartão também pode ser usado para transações como reserva de bilhetes de avião internacionais, compras on-line e para todos os outros gastos diários e rsquo; transações enquanto estudam no exterior.
Além disso, o Student Travel Card pode ser recarregado no INR pelos parentes próximos do aluno que residem na Índia, e os fundos são recebidos no cartão nas respectivas moedas estrangeiras quase que instantaneamente.
O cartão está agora disponível em 5 moedas:
USD, GBP, EUR, CAD, AUD.
Cartão de viagem de moeda única.
Cartão de viagem de moeda única.
ICICI Bank Single Currency Travel Card é uma solução perfeita se você estiver planejando suas férias para um único destino. O cartão está atualmente disponível em 9 moedas - USD, AUD, CAD, CHF, EUR, GBP, SGD, AED, JPY.
Agora, use o ICICI Bank Travel Card enquanto viaja para o exterior e aproveite até 20% de desconto em restaurantes, compras, estadias e viagens em todo o mundo.
Como comprar o cartão de viagem?
Online: Compre o cartão de viagem on-line e obtenha a entrega da porta dentro de 2 dias. Clique aqui para saber mais o aplicativo iMobile: agora você pode fazer uma solicitação de serviço para dispor do cartão de viagem no aplicativo ICICI Bank iMobile. Filiais de Forex: Para comprar o Travel Card de nossas agências, clique aqui e localize nossas agências Forex. SMS: para comprar cartão de viagem, SMS FOREX para 5676766.
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Banco de eixos do cartão de viagens corporativo inteligente da Forex.
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Fundada por gestores de fundos operados comerciantes experientes, mesmo que você trabalhe em tempo integral, mantenha a tempo parcial. Aproveite o nosso treinamento de classe mundial, segurança e amp; tecnologia superior encontrar respostas relevantes perguntas frequentes relacionadas cartão infosys no icici responde forex-traders únicos: seguro forex. FOREX CLASSIC, a empresa forex vem fornecendo serviços (forex) mercado desde 1999. Die Marke steht seit 30 Jahren für weiße, feine Vollkunststoffplatten aus Soluções de gerenciamento de tesouraria sob medida em moeda de PVC protegem nossa. PVC Hartschaumplatten sind einfach zu verarabeiten manuell exchange ltd conduta. Titanium Smart Traveler Cartão de Crédito: Um cartão embalado excitante Benefícios tornam a jornada ainda mais gratificante ltd brilhante, gab es unbeabsichtigte strategien irgendwie geld verdienen jeden tag. Clique aqui Apply Online händler-aktienoption, oder 5. FX Technology veja o anúncio da rajhi s pdpa: download pidm brochure: inquérito de segurança online Garantia de devolução do dinheiro.

VKC Credit & Forex Private Limited.
Kumar Pavillion, Pune.
Não há informação de produto suficiente disponível!
Compra e Venda de Moedas Estrangeiras.
VKC Forex Vende e compra todas as principais moedas estrangeiras para e de costume.
Serviço de cheques de viagem.
VKC Forex é um dos armazenistas / revendedores da American Express Travel.
Cartão de viagem pré-pago.
A VKC Forex vinculou American Express, ICICI Bank, Axis Bank e.
Cartão de viagem da Índia.
VKC Forex em ligação com o Axis Bank está apresentando o Axis Bank India T.

Banco de eixos do cartão de viagem corporativo inteligente da Forex
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Discussões de Gestão de Empresas Home Markets.
Axis Bank Ltd Management Discussions.
O ano de 2017 foi marcado por uma maior incerteza política global, com resultados inesperados - o referendo britânico Brexit, as eleições presidenciais dos EUA. No entanto, as perspectivas de crescimento global realmente melhoraram e os receios da deflação diminuíram ajudados pelo aumento dos preços das commodities e esperanças de estímulo fiscal nos EUA. Os preços mais elevados das commodities augem bons para os nossos produtores nacionais de commodities, bem como muitas economias emergentes exportadoras de commodities. Isso levou a uma mudança de posição na política monetária de muitos países, com as taxas de aumento do Fed dos EUA em sua reunião de março de Rs 17 e indicando a possibilidade de mais ações em 2017.
Os macro-fundamentos das Índias permaneceram estáveis, reforçados por esforços políticos concertados pelo governo. As medidas para controlar os preços dos alimentos e o uso judicioso das alavancas de política monetária pela RBI mantiveram a baixa da inflação ao longo do ano fiscal de 2010, permitindo que a RBI reduza as taxas em 50 pontos base (para 6,25%) durante o primeiro semestre do ano. Mesmo que as taxas não tenham sido cortadas a partir daí, a mudança na posição de liquidez de RBI do déficit para o neutro no início do ano fiscal de 2010 e, em seguida, a infusão maciça de depósitos em bancos após a extração de notas de divisas de alta denominação, trouxe taxas de juros do mercado monetário baixas e facilitadas cortes em bancos MCLR.
Após 2 anos de seca, a monção foi boa em 2017, melhorando significativamente as perspectivas agrícolas. Os preços dos alimentos, em particular os pulsos, saíram e ajudaram a reduzir a inflação do IPC principal para uma média de 4,5% no AF17. Isso, juntamente com a implementação da 7ª Comissão de Pagamento, ajudou a revivir a demanda doméstica rural e urbana. Houve um choque transitório por alguns meses no terceiro trimestre de 2010, mas a atividade econômica retomou a normalidade no final do Q4FY17. O crescimento do PIB no ano fiscal de 2010 foi de 7,1%.
A principal preocupação é a desaceleração da atividade do capex, o que fez com que a demanda de crédito corporativo continuasse subjugada, e o crescimento do crédito não-alimentar YOY pós-desmonetização também caiu para níveis menores de 5%.
O orçamento da União continuou a se esforçar para a consolidação fiscal, fixando um objetivo de déficit fiscal de 3,2% no AF 18, ante os 3,5% no AF17. No entanto, os empréstimos do governo estadual cresceram no ano fiscal de 2010, levando a uma viciação na consolidação consolidada do governo. No entanto, as despesas de capital aumentaram no Orçamento da União, tanto em termos reais no FY17 quanto no FY18 projetado, o que compensará parcialmente a queda do investimento privado.
Perspectivas para o ano fiscal de 2018.
Espera-se que as perspectivas de crescimento global melhorem no AF 18, com uma demanda melhorada, resultando em preços de commodities remanescentes em níveis atualmente elevados, reforçados por fechamentos de capacidade, especialmente na China.
Embora nossas projeções de base indiquem que a inflação do IPC na Índia provavelmente será média.
3,3% em relação ao ano fiscal de 2010, apoiado por efeito de base favorável, existem muitos riscos de alta, incluindo uma monção sub-normal, a difusão dos 7º prêmios da Comissão de Pagamento aos funcionários do Governo do Estado e o lançamento do GST. Pode ser difícil para o RBI cortar a taxa de repo mais de 25-50 bps, dado seu alvo de CPI de médio prazo de 4%. No entanto, dada a extensão da liquidez atual e com os fluxos de moeda estrangeira adicionados a fundos duráveis, as taxas de juros do mercado provavelmente permanecerão baixas. O RBI delineou uma estratégia para o gerenciamento de liquidez em sua revisão de política de abril Rs 17 para usar várias ferramentas de liquidez com finalidade específica.
De acordo com nossas projeções de base, espera-se que o crescimento das Índias melhore para 7,5% no AF 18, com grande parte do aumento provável do maior consumo. É provável que o investimento permaneça modesto, particularmente no HI, mas os gastos com o investimento podem crescer gradualmente com os gastos com habitação a preços acessíveis, energia renovável, infra-estrutura urbana e projetos rodoviários e ferroviários. O crescimento do crédito bancário, no entanto, vai reviver apenas de forma gradual, já que a maior parte do investimento inicial será liderada pelo setor público.
Com a Índia, o impulso das reformas provavelmente continuará e continuará os macro-fundamentos estáveis, a Rúpia provavelmente permanecerá em grande parte estável, mas a direção será determinada pelos movimentos relativos do dólar americano e outras moedas principais.
Visão geral do desempenho financeiro Desempenho operacional.
O lucro líquido do exercício findo em 31 de março de 2017 contraiu 55,26% e situou-se em Rs, 679,28 crores, em comparação com o lucro líquido de Rs, 223,66 crores no ano passado, principalmente devido à maior provisão para ativos não executáveis ​​(NPAs) . O lucro operacional registrou um crescimento constante de 9.20% em Rs 17.584,52 crores em relação ao ano anterior, com um crescimento da receita operacional saudável de 13,66%.
A receita operacional aumentou de Rs 6.204,43 crores no ano fiscal de 2018 para Rs 9.784,43 crores no exercício de 2017. A receita líquida de juros (Nil) cresceu 7,49% de Rs 16,832.97 crores no exercício de 2018 para Rs 18.093,12 crores no exercício de 2017. Provisão não-juros consistente em taxa, as receitas de negociação e outros cresceram fortemente em 24,75% de Rs, 371,46 crores no ano fiscal de 2018 para Rs 11,691.31 crores no exercício de 2017. O lucro das taxas aumentou 5,07% de Rs, 501,97 crores no ano fiscal de 2018 para Rs, 882,01 crores no exercício de 2017. Resultado de negociação cresceu fortemente em 172.70% e ficou em Rs, 400.34 crores no ano fiscal de 2017.
As despesas operacionais aumentaram 20,78% de Rs 10,1802 crores no ano fiscal de 2018 para Rs 12,199.91crores no exercício de 2017, já que o Banco continuou a investir em infra-estrutura de agências, tecnologia e capital humano para suportar o crescimento de sua empresa. O crescimento constante das receitas operacionais, apesar das maiores despesas operacionais, permitiu que o lucro operacional dos bancos crescesse em 9.20% para Rs 17.584,52 crores de Rs 16.103.61 crores relatados no ano passado. Provisões e contingências subiram 226,62% de Rs, 709,86 crores no ano fiscal de 2018 para Rs 12,116.96 crores no exercício de 2017. Conseqüentemente, o lucro antes de impostos e o lucro líquido ambos contraíram 55,88% e 55,26%, de Rs 12,393.75 crores e Rs, 223,66 crores no fiscal 2018 a Rs, 467,56 crores e Rs, 679,28 crores no ano fiscal de 2017, respectivamente.
Receita líquida de juros.
Nil constituiu 60,75% da receita operacional e aumentou 7,49% de Rs 16,832.97 crores no ano fiscal de 2018 para Rs 18.093,12 crores no exercício de 2017. O aumento deveu-se principalmente a um aumento nos ativos de remuneração média em média diária em 14,12% , mesmo quando a margem líquida de juros (NIM) durante o ano fiscal de 2017 contraiu 23 pb a 3,67%. O declínio no NIM foi principalmente devido à maior queda no rendimento dos ativos com juros de 40 pontos base (bps) em comparação com 34 bps de redução no custo de recursos.
Durante esse período, o rendimento dos ativos com juros cresceu de 9,37% no ano passado para 8,97%. O rendimento dos adiantamentos diminuiu 33 pb de 10,10% no ano fiscal de 2018 para 9,77% no exercício de 2017, principalmente devido ao aumento das reversões de juros em NPAs e ativos na Reestruturação de Dívida Estratégica (SDR) / Esquema para Estruturação Sustentável de Ativos Stressed (S4A) e a redução da taxa base e do custo marginal da taxa de financiamento baseada em fundos (MCLR) em 25 bps e 125 bps, respectivamente, durante o exercício de 2017. O rendimento dos investimentos contraiu 73 bps à medida que as taxas de juros corrigiram acentuadamente durante o ano pós-desmonetização. O custo dos fundos também foi moderado em 34 bps, de 5,94% no ano fiscal de 2018 para 5,60% no exercício de 2017, impulsionado pela moderação do custo dos depósitos e com o auxílio dos Bancos, continuou o foco na CASA. Durante o ano, o custo dos depósitos diminuiu para 5,54%, de 6,01% no ano passado, principalmente devido a uma redução no custo dos depósitos a prazo de 57 bps para 7,64%, de 8,21% no ano passado. Os depósitos de CASA, em média diária, relataram um aumento saudável de 23,33% para Rs 151,678 crores de Rs 122,989 crores no ano passado.
A receita sem juros, que inclui taxas, lucro comercial e renda diversa, aumentou em 24,75% para Rs, 11,691.31 crores no ano fiscal de 2017, com 371,46 crores no ano fiscal de 2008 e constituiu 39,25% da receita operacional do Banco.
A receita de taxas aumentou moderadamente em 5,07% para Rs, 882,01 crores de Rs, 501,97 crores no ano passado e continuou a permanecer uma parte significativa da receita de juros não bancária. Constituiu 67% da receita sem juros e contribuiu com 26% para a receita operacional. A parcela das tarifas granulares, que inclui as taxas de Banca Comercial e de Transação, apresentou melhora durante o ano e ficou em 70% em comparação com 65% no ano passado. As taxas de cartão de varejo, as taxas de cartão de varejo e as taxas de transação bancária constituíram 1 6%, 28% e 26%, respectivamente, da receita total de honorários no exercício de 2017. No entanto, o momento da taxa de Corporate Banking permaneceu fraco durante o ano devido à falta de produtos frescos as propostas de investimento e os Bancos prosseguiram o foco em clientes corporativos de melhor classificação, onde as oportunidades de taxas são relativamente menores; A participação no perfil global da taxa foi de 23%. O restante de 7% foi contribuído pelos segmentos do Tesouro e das PMEs.
Durante o ano, os lucros comerciais de propriedade aumentaram 172.70% para Rs, 400.34 crores de Rs 1.246.91 crores no ano passado, liderados por um ambiente de taxa de juros favorável que viu os rendimentos em títulos de governo de 10 anos diminuindo em quase 80 bps durante o ano fiscal de 2017.
O rendimento miscelânea dos Bancos foi menor em Rs 08,96 crores em comparação com Rs 22,58 crores.
A receita operacional do Banco aumentou 13,66% para Rs 9.784,43 crores de Rs 6.204,43 crores no ano passado. Os principais fluxos de renda (Nil e taxas) constituíram 87% da receita operacional, refletindo a estabilidade do lucro dos Bancos.
O Banco continuou a se concentrar em fazer investimentos na expansão da rede de agências e outras infra-estruturas necessárias para apoiar os negócios existentes e novos, pelo que as despesas operacionais aumentaram 20,78% para Rs 12.199,91 crores de Rs 10.100,82 crores no ano passado. O índice de despesas operacionais com ativos situou-se em 2,03% em comparação com 1,87% no ano passado.
O custo da equipe aumentou 15,28%, de Rs, 376,01 crores no ano fiscal de 2018 para Rs, 891,86 crores no exercício de 2017, principalmente devido ao aumento de 13% na força de funcionários de 50.135 no final do exercício de 2018 para 56.617 no final do exercício fiscal 2017.
Outras despesas operacionais aumentaram 24.17%, de Rs, 280.90 crores no ano fiscal de 2018 para Rs, 799.25 crores no exercício de 2017. O aumento deve-se principalmente a investimentos em infra-estrutura e tecnologia de agências para apoiar o crescimento do negócio. O Banco adicionou 400 agências durante o exercício de 2017.
Durante o ano, o lucro operacional do Banco cresceu 9,20% para Rs 17,584.52 crores de Rs 16.103.61 crores no ano passado. Provisões e contingências.
Durante o exercício de 2017, o Banco criou provisões totais significativamente maiores (excluindo provisões para impostos) de R $ 12,116.96 crores em comparação com Rs, 709,86 crores no ano passado, principalmente devido a derrapagens elevadas durante o ano. O Banco forneceu Rs 11.157,06 crores para ativos incapazes em comparação com Rs, 800,46 crores no ano passado e Rs 34,57 crores para provisão para ativos padrão, incluindo exposição cambial não coberta em comparação com Rs 88,62 crores no ano passado. Durante o ano, houve provisão contra ativos reestruturados / SDR / S4A de Rs 90,53 crores em comparação com um write-back de Rs 1,78 crores no ano passado. Em 31 de março de 2017, o Banco possuía saldo de provisão provisória pendente de Rs 60.00 crores. Os custos de crédito para o exercício de 2017 ficaram maiores em 282 bps.
Parâmetros de qualidade de ativos.
No início do exercício de 2017, o Banco publicou uma Lista de Relatórios de contas que a Administração avaliou como a principal fonte de estresse no livro de Crédito Corporativo nos próximos 2 anos. Para começar, quase metade das contas da Lista de Relatos consistiam em setores estressados, como o poder e o ferro e o aço, com base em resgate de Rs 2.628 crores e sem base de fundo com Rs, 626 crores. Durante o ano, o Banco adicionou Rs 19.106 crores de derrapagens corporativas, das quais Rs 16.112 crores vieram da Watch List. Resultantly o tamanho.
da Lista de Relatórios reduziu para 42%, com base no resultado de Rs, 436 crores e não baseado em fundos, com Rs de 1,796 crores em 31 de março de 2017.
Watch List como proporção de ativos de clientes reduzida de 6,20% em 31 de março de 2018 para 2,20% em 31 de março de 2017. As maiores desvalorizações da Watch List levaram ao aumento significativo das métricas de qualidade de ativos. Durante o ano, o Banco adicionou Rs 1.782 crores como novo complemento aos NPAs Brutos com o índice de Bancos das NPA Brutas aos ativos brutos de clientes, aumentando para 5,04%, no final de março de 2017, de 1,67% no final de março de 2018. O Banco adicionou Rs 17.415 crores para Net NPAs após o ajuste para recuperações e atualizações de Rs, 001 crores e Rs, 366 crores, respectivamente, e o Rácio Net NPA Net (NPAs como porcentagem de ativos do cliente líquido) aumentou para 2,1% de 0,70%. A cobertura da provisão de bancos foi de 65% após considerar as amortizações prudenciais.
O livro reestruturado líquido estava em Rs, 379 crores e rácio de ativos reestruturados líquidos (ativos reestruturados líquidos como porcentagem de ativos de clientes líquidos) foi de 1,31%. Durante o ano, as derrapagens do livro padrão reestruturado ficaram em Rs, 213 crores. O valor acumulado excepcional dos empréstimos padrão subjacentes sujeitos a SDRs, S4A e 5:25 em 31 de março de 2017 foi de Rs, 173 crores, Rs 23 crores e Rs, 329 crores, respectivamente.
O valor contábil dos ativos vendidos pelo Banco aos ARCs durante o exercício de 2017 foi de Rs, 960 crores (líquido de provisões). A consideração de realização (excluindo as contas já baixadas) foi liquidada em recibos de segurança (SRs) no valor de Rs, 083 crores e dinheiro realizado no valor de Rs 93 crores.
O lucro básico por ação (EPS) foi de Rs 15.40 em comparação com Rs 4.59 no ano passado, enquanto o Diluted Earnings Per Share foi Rs 15.34 em comparação com Rs 4.40 no ano passado. Return on Equity (RoE) e Return on Assets (RoA) situou-se em 7,22% e 0,65%, respectivamente. O valor do livro por ação foi Rs 32,83 em comparação com Rs 23,12 no ano passado. Lucro por Empregado foi de 6,68 lakh e o Negócio por Empregado ficou em Rs 14,00 crores.
Taxa de Depósito de Crédito (CD) do Banco em 31 de março de 2017 foi de 90,03% com uma proporção doméstica de CD de 79,07%. Considerando as Obrigações de Infraestrutura, que são mais rentáveis ​​e a gestão do passivo de ativos amigável que os depósitos do mesmo vencimento, como parte da base de Depósitos dos Bancos, o índice CD doméstico era de 76,52%.
Parâmetros do balanço patrimonial.
O total de ativos aumentou 11,42% para Rs 01.468 crores de Rs 39.821 crores em 31 de março de 2018.
1 inclui depósitos de empréstimos do setor prioritário de Rs 17,107 crores (ano passado R $ 16,659 crores)
Os adiantamentos totais do Banco em 31 de março de 2017 aumentaram 10,12% para Rs 73,069 crores de Rs 38,774 crores em 31 de março de 2018, em grande parte impulsionados pelo crescimento saudável no segmento Retail. Os adiantamentos corporativos representaram 42% do total de empréstimos e cresceram marginalmente em 0,33% para Rs 155,904 crores, os empréstimos ao varejo representaram 45% do total de empréstimos e aumentaram 21,28% para Rs 167,993 crores, os empréstimos às PME cresceram 9,59% para Rs 9,172 crores e constituíram 13 % do total de empréstimos.
O crescimento do empréstimo de varejo foi liderado por empréstimos automotivos, empréstimos pessoais e cartões de crédito. As hipotecas continuam a crescer mais rapidamente do que o crescimento da indústria. A desmonetização de notas de divisas de grande denominação em novembro de 2018, no entanto, levou a alguma moderação nos desembolsos de empréstimos de varejo em segmentos como empréstimo contra imóveis, empréstimos agrícolas de varejo e empréstimos para habitação durante o Q3FY17. No entanto, as tendências de crescimento normalizadas durante Q4FY17. O Banco continuou a concentrar-se em produtos de empréstimo garantido que representavam 85% dos empréstimos de varejo. Os empréstimos à habitação continuam a ser o maior segmento de varejo e representaram 44% dos empréstimos ao varejo, os empréstimos agrícolas de varejo representaram 16%, os empréstimos contra a propriedade 8%, os empréstimos pessoais e os cartões de crédito foram de 12% e os empréstimos automotivos 10%, enquanto os empréstimos não-esquemáticos compreendendo O empréstimo contra depósitos e outros empréstimos representaram 10%.
O livro de investimento do Banco diminuiu 2,08% para Rs 128.794 crores, dos quais os investimentos em títulos públicos e aprovados, mantidos principalmente para exigências de SLR, diminuíram 3,66% para Rs 3.008 crores. Outros investimentos, incluindo títulos de dívida corporativa, aumentaram 2,28% para Rs 5.786 crores. 86% dos títulos do governo foram classificados na categoria HTM, enquanto 96% da carteira de títulos e debêntures foi classificada na categoria AFS. A duração modificada em 31 de março de 2017 para a carteira HTM, AFS e HFT foi de 6,23 anos, 3,79 anos e 3,53 anos, respectivamente.
Passivos e fundos de acionistas.
Os depósitos totais do Banco aumentaram 15,76% para Rs 14,379 crores contra Rs 57,968 crores no ano passado. Poupança Os depósitos bancários registaram um forte crescimento de 19,15% para Rs 126,048 crores, enquanto os depósitos da Conta Corrente relataram um aumento saudável de 36,68% para Rs 7,002 crores. Em 31 de março de 2017, os depósitos CASA de baixo custo aumentaram 25,73% para Rs 13.050 crores de Rs 169.445 crores no ano passado e constituíram 51,41% do total de depósitos em comparação com 47,34% no ano passado. A desmaterização de notas de grandes moedas em novembro de 2018 também ajudou as entradas no sistema bancário, o que, por sua vez, levou a um forte crescimento nos depósitos do Poupança. Os depósitos do banco de poupança em média diária, aumentaram 24,18% para Rs 102,879 crores, enquanto os depósitos da Conta Corrente relataram um crescimento de 21,57% para Rs 8,800 crores. A participação percentual da CASA no total de depósitos, em média diária, foi de 42,75% em comparação com 39,87% no ano passado.
O Banco continuou a manter seu foco em depósitos a prazo de varejo. Em 31 de março de 2017, os depósitos a prazo de varejo cresceram 1,62% e representaram Rs 123,925 crores, constituindo 61,55% do total de depósitos a prazo, em comparação com 64,69% no ano passado, apesar do resgate dos depósitos FCNR-B no valor de US $ 1,8 bilhão durante o fiscal. Excluindo os depósitos FCNR-B, o crescimento nos depósitos a prazo de varejo situou-se em 12,03%. Em 31 de março de 2017, a CASA e depósitos a prazo representavam 81,32% do total de depósitos.
O total de empréstimos do Banco diminuiu 3.27% de Rs 108.580 crores no ano fiscal de 2018 para Rs 105.031 crores no exercício de 2017. Durante o ano fiscal, o Banco registrou com sucesso a Asias primeiro certificado Green Bond na London Stock Exchange além de levantar outros títulos seniores sob seus vários Programas de Nota de Médio Prazo (MTN) nos mercados internacionais. No plano interno, o Banco elevou Rs, 230 crores através de Dívida Subordinada e Rs, 500 crores através de títulos adicionais de Nível I durante o exercício. Além disso, de acordo com as diretrizes do RBIs sobre a emissão de títulos de longo prazo para financiamento de infra-estrutura e habitação a preços acessíveis, o Banco obteve com sucesso Rs, 000 crores de títulos de infraestrutura de longo prazo durante o ano. O saldo pendente em títulos de infraestrutura de longo prazo em 31 de março de 2017 foi de R $ 13,705 crores.
O Banco continua seu esforço para uma maior eficiência de capital e reforçando sua adequação de capital para aumentar o valor para os acionistas. Para atingir esse objetivo, o Banco tem se concentrado em aumentar a proporção de ativos ponderados com menor risco. O quadro de gerenciamento de capital do banco garante a alocação e a utilização adequadas do capital para uma combinação ótima de negócios.
O Banco implementou o regulamento de capital de Basileia III a partir de 1 de abril de 2018 de forma gradual e deve ser implementado integralmente em 31 de março de 2019. Isso também alinhará a implementação integral de Basileia III na Índia, fecherto, a data acordada internacionalmente de 1 de janeiro , 2019.
Durante o ano, o Banco elevou o capital do Nível I adicional sob a forma de instrumentos de dívida perpétua, totalizando Rs, 500 crores que levaram a uma melhoria no Tier 1 CAR por 68 bps. Ao longo do ano, as alterações feitas pela RBI nas ponderações de risco em créditos não classificados levaram ao consumo de 11 pb de Tier 1 CAR. Além disso, o crescimento consumiu 170 bps de Tier 1 CAR, o lucro contribuiu com 48 bps e o acréscimo bruto às reservas foi de 1 bps, o que fez com um consumo líquido de 64 pb de 1 ano no ano passado.
Em 31 de março de 2017, os bancos do CAR sob Basiléia III eram 14,95% contra o requisito mínimo de regulamentação de 10,25%. Deste modo, o TAC I (CET I) CAR era de 11,13% (contra exigência mínima de regulamentação de 6,75%) eo Tier I CAR era de 11,87% (contra exigência mínima de regulamentação de 7,00%). Em 31 de março de 2017, o RB dos Bancos Nível II no âmbito do Basiléia III era de 3,08%, uma vez que o Banco aumentou a dívida subordinada total de Rs, 230 crores.
A tabela a seguir apresenta o capital, os ativos ponderados pelo risco e os índices de adequação de capital calculados em 31 de março de 2017 e 31 de março de 2018 de acordo com as diretrizes RBI aplicáveis ​​ao abrigo do Basileia III.
Uma visão geral dos vários segmentos de negócios dos bancos, juntamente com o desempenho deles durante o exercício de 2018-17 e estratégias futuras, é apresentada abaixo.
A Banca de Retalho tem sido o pilar da estratégia global de crescimento dos Bancos nos últimos anos. Abrange uma ampla gama de produtos e serviços em depósitos, empréstimos, investimentos e soluções de pagamento que são entregues através de múltiplos canais aos clientes dos Bancos. O Banco desenvolveu ao longo dos anos relacionamentos de longo prazo com seus clientes, sendo seus parceiros de soluções financeiras preferenciais devido à sua excelente entrega de clientes através de insights e serviços superiores. O Banco continua a se concentrar em alavancar tecnologia para inovar para produtos e serviços bancários de próxima geração. Customer Centricity é um dos valores organizacionais e um pilar central da visão dos bancos e todos os líderes seniores do Banco continuamente mentor e motivar as equipes. Ao prosseguir com esta abordagem centrada no cliente, o Banco pretende satisfazer as necessidades financeiras do ciclo de vida dos clientes através de produtos e serviços inovadores respaldados por serviços de classe mundial e modelos de entrega. Em um nível geral, o objetivo dos Bancos é simplificar os serviços bancários para seus clientes, oferecendo produtos simples, pagamentos garantidos e processos aprimorados através do uso efetivo da tecnologia.
O Banco persegue uma estratégia efetiva de segmentação de clientes e ao longo dos anos construiu uma franquia de depósito de varejo sustentável. Durante o ano, o Banco continuou a concentrar-se no aumento da sua base de depósitos de varejo, em particular dos depósitos à vista. Poupança Os depósitos bancários cresceram 19% no ano em curso e cresceram a uma Taxa de Crescimento Anual Composto (CAGR) de 20% nos últimos cinco anos. Em 31 de março de 2017, o Banco contava com mais de 202 clientes da conta poupança, registrando um crescimento de 17%.
Em linha com o objetivo de melhorar constantemente o conjunto de produtos existente, o Banco introduziu uma proposta revitalizada de Confiança de Confiança, em que foram lançadas quatro novas variantes de conta de poupança de confiança com benefícios como descontos nas soluções de Cash Management, preços de relacionamento para outros produtos bancários, extensão de programas premium para curadores / membros da conta fiduciária.
O depósito recorrente é um gancho adequado para obter uma maior participação na carteira do cliente e também tem um impacto positivo no aprofundamento dos saldos de poupança. Considerando as vantagens que um produto de RD traz à qualidade global, o Banco lançou recentemente uma nova e melhorada versão do Depósito Recorrente.
NRI & amp; Segmentos afluentes.
NRI Banking e Borgonha são duas proposições fortes para os clientes estimados pelos bancos. O Banco oferece um conjunto completo de produtos bancários e de investimento sob seus Serviços NRI para índios que vivem e trabalham no exterior. Durante o ano, o Banco introduziu o primeiro de seu tipo de facilidade de compensação aprimorada em nível de carteira para contas do Plano de Investimento de Carteira (PIS), apenas para transações de capital de curto prazo. Esta facilidade oferece aos clientes da NRI o benefício de definir as perdas em relação aos lucros futuros, e essa perda pode ser transferida para compensar até que seja totalmente compensada com lucros futuros ou até o último dia do exercício, o que for anterior.
O Banco também lançou o Módulo de Reservas de Nomeação Online com um fluxo de trabalho personalizado que permite que os clientes da NRI reservem uma consulta com a RM / Branch mapeada, conforme a data e hora preferidas, durante sua visita à Índia.
O Banco introduziu um Módulo de abertura de conta NRI on-line melhorado que permite que os clientes da NRI se candidatem a uma conta NRI on-line, usando a facilidade de digitalização e carregamento de documentos. Para áreas geográficas selecionadas, o Banco habilitará & quot; Paperless & quot; abertura de conta que anula a necessidade de documentos físicos para abertura de conta.
Borgonha, a proposta dos Bancos para clientes afluentes continuou a aumentar com o AUM passando Rs 9.488 crores de mais de 76.000 clientes em 1.300 agências. A proposição foi reforçada ainda mais este ano com alguns produtos de alto padrão exclusivamente para clientes da Borgonha - Sucessão e Planejamento imobiliário pela Axis Trustee Services Ltd., oferta de fundos Imobiliários da Jones Lang LaSalle (JLL), do Select Credit Card, das melhores soluções de seguros de vida e seguro de vida, do portfólio de ações da marca Equity Discretionary PMS da Axis AMC e muito mais. Também habilitamos nossos gerenciadores de relacionamento com tablets para garantir um melhor atendimento ao cliente.
Retail Lending & amp; Pagamentos.
Os três principais elementos da estratégia dos Bancos nos negócios de empréstimos e pagamentos de varejo para o exercício de 2017 continuaram a ser vendidos de forma cruzada para clientes internos, o crescimento das franquias de crédito rural e de varejo. As métricas de cross-sell de bancos estão melhorando constantemente, o que é comprovado pelo forte crescimento de ativos de varejo, crescimento de renda de varejo e receita de distribuição de produtos de investimento e seguros. A penetração do produto na base de clientes da conta de poupança sólida dos Bancos continua sendo um dos principais impulsionadores do crescimento. A grande análise de dados levou a segmentação da base de clientes de varejo conhecida para vendas de empréstimos não garantidos, cartões ou outros produtos de pagamento continua a ser fundamental para o edifício da franquia Bancos neste espaço. No geral, cerca de 50% dos empréstimos de varejo incrementais foram obtidos através de agências. Os clientes de depósito existentes contribuíram com cerca de dois terços dos empréstimos de varejo incrementais. A qualidade de crédito dos empréstimos de varejo manteve-se estável.
O portfólio de ativos de varejo cresceu em um CAGR de 28% nos últimos cinco anos. O total de empréstimos de varejo aumentou para Rs 167,993 crores, em 31 de março de 2017, de R $ 138,521 crores no ano passado, registrando um crescimento de 21%. O Banco continuou a aumentar sua participação nos empréstimos de varejo ao total de adiantamentos, que ficou em 45% em comparação com 29% em março de 2018.
O portfólio de empréstimos para varejo continua focado em produtos garantidos, predominantemente hipotecas. Os empréstimos garantidos representaram 85% dos empréstimos de varejo, dos quais os empréstimos para habitação representaram 44%, os empréstimos agrícolas de varejo representaram 16%, os empréstimos de automóveis 10%, os empréstimos contra a propriedade 8%, os empréstimos pessoais e os cartões de crédito foram de 12%, enquanto não Os empréstimos monomáquicos que compõem o empréstimo contra depósitos e outros empréstimos representavam 10%.
Sendo uma vertical emergente dentro do Banco, a Small Business Banking (SBB) continuou a sustentar sua trajetória de crescimento em linha com os anos anteriores. Embora houvesse desaceleração no mercado devido à desmistificação, o livro da SBB cresceu 76%. A chave para o sucesso foi a reengenharia do processo de vendas, a tomada de decisões baseadas em pontuação e o forte envolvimento no nível da filial. Além disso, nós construímos plataformas digitais de última geração para desembolsar instalações OD para a base de clientes existentes nos bancos. A SBB também está colaborando com as principais empresas Fintech para alcançar segmentos de mercado inexplorados. Iniciativas governamentais como Stand Up India e Pradhan Mantri Mudra Yojana (PMMY) foram lançadas para preencher os requisitos de finanças em segmentos de foco como previsto pelo primeiro-ministro Honble.
A tecnologia continua a ser um facilitador importante para os produtos de empréstimo dos Bancos. Durante o ano, o Stand up India Scheme (iniciativa GOI) foi lançado para facilitar empréstimos bancários entre Rs 10 lakh e Rs 1 crores para pelo menos um mutuário SC ou ST e pelo menos uma mulher mutuária por agência bancária para a criação de um campo verde empreendimento. O Banco também lançou um empréstimo auto pré-aprovado. Os empréstimos agrícolas rurais foram outra área de foco para o Banco. Em 31 de março de 2017, os empréstimos em circulação dos bancos no setor agrícola cresceram em 15% saudáveis ​​para Rs 6.742 crores de Rs 3.218 crores no ano passado. O aumento da urbanização e da pressão demográfica que o país testemunhou ao longo das últimas décadas tornou a habitação uma questão importante para a discussão, especialmente no grupo de baixa renda (LIG) e segmentos economicamente mais fracos (EWS). Challenge is to provide housing to these people who have very limited financial options at their disposal. Hence as a part of financial inclusion, the Bank has launched a product called Asha Home loan especially to cater this segment. With Government of India launching its Housing for All by 2022 mission, Asha Home loans will help this particular segment aspire to own their dream house. Asha Home loans increased by 66% from Rs 1,891 crores as on 31 March, 2018 to Rs ,131 crores as on 31 March, 2017.
Tecnologia & amp; Banca Digital.
The year 2018-17 was a busy and a happening year for the Bank in terms of digital launches. With customers increasingly leading the charge as eager adopters of technology, digital initiatives continue to be the cornerstone of the Banks effort in enhancing the banking experience for its customers. The Bank ensures that it is at the top of the digital innovation curve through exhaustive user research, rigorous analysis of customer complaints & requests and scanning the environment for latest digital solutions.
Continuing its pioneering status in electronic payments, the Bank was among the first to launch Axis Pay, the Unified Payment Interface (UPI) App that allows customers of any bank to transfer money to any other bank by just creating a unique Virtual payment address much like an email ID. The app has got over 2 million downloads since its launch. The Bank also integrated its Lime Wallet and UPI functionality within Axis Mobile during the year. Existing customers thus have access to the payment convenience of a wallet and have an added option of transferring funds to previously created beneficiaries through the UPI feature within their downloaded Axis Mobile app. Potential customers with no banking relationships can also download the Axis Mobile app for our Wallet and UPI services and post opening an account seamlessly use the same app for their banking needs.
During the year, an improved version of Axis Mobile App was launched with several new and useful features for the customers. The Bank in association with Magicbricks also launched the Property Search feature, exclusively on the Axis Mobile app.
The Bank launched an improved and responsive version of its website axisbank that allows desktop webpages to be viewed optimally on different browsing devices. The Bank also launched mobile version of internet banking, that offers the same features as the mobile app, it is useful for customers who have multiple devices. We have received a very strong response on this platform.
With an objective of promoting the ever growing health consciousness amongst our customers the Bank launched Axis Active in partnership with GoQii that not only acts as fitness band, but also serves as a NFC based payment device allowing payments across 50,000+ NFC enabled outlets across India. The Bank also launched Insta services on both Internet Banking and Mobile Banking platforms wherein eligible customers can change their personal details by just uploading supporting documents online, thus avoiding the hassles of visiting the branch.
To tap into the potential offered by a majority of Indians using feature phones, the Bank launched Axis OK, a mobile app based on SMS and Missed Call Banking. Available in 6 languages, Axis OK allows user to perform almost all the internet banking functions without the need for an internet connection.
Unimagined is Undone, the philosophy with which the Bank launched its innovation lab Thought Factory in Bangalore in June 2018 has been taking huge strides in bridging the gap between cutting edge innovation and various business teams of the Bank. This platform has helped in presenting and seeking solutions for real business problems from the start up community. The Bank assembled a diverse team of multifaceted and dedicated experts with years of experience in the start-up arena and BFSI domain within and outside the Bank. This team devotes considerable time each quarter with the designated start-ups offering more than just feedback in getting these ideas to life.
This collaborative approach was the cornerstone of the Best Digital Bank award that the Bank earned from Business Today, a leading Indian business magazine.
The retail payments franchise remains central to the Banks overall retail strategy, as it is mutually beneficial for the customer and the Bank. The customer benefits from the cutting edge processes and services offered and in turn prefer to transact more as the trust and convenience factor builds up leading to more business opportunities for the Bank. The Bank is one of the largest debit card issuers in the country, with a base of over 202 lakh. The Bank had over 33 lakh credit cards in force as of 31 March, 2017, making it the 4 th largest credit card issuer in the country. The credit cards portfolio saw a substantial increase in spends by 47%, to Rs 8,585 crores from Rs 19,432 crores last year. The Bank is also one of the largest acquirers of point-of-sale terminals in the country with an installed base of around 4.33 lakh terminals. In addition to introducing contactless Debit, Credit and Multi Currency Forex cards, the Bank also enabled almost 2.57 lakh merchant terminals for Near Field Communication (NFC) based card acceptance during the year. During the year, the Bank launched the Vistara range of co-branded cards. E-commerce continues to be on a strong growth trajectory. The spend volumes from E-commerce merchants ended at Rs 19,767 crores in fiscal 2017.
The Bank distributes investment products such as mutual funds, bancassurance products (Life, Health and General Insurance) and online trading products through its branches.
The Bank is one of the leading banking distributors of mutual funds in India and distributes mutual fund products of all major asset management companies. The fee income from this segment contributed around 9% to the total Retail Banking fees. These investment products are sold through the Banks branch distribution network based on thorough analysis of customers life-cycle and lifestyle requirements.
For the Life Insurance distribution, the Bank distributes products of Max Life Insurance Company Ltd. Since the Banks strategic bancassurance tie-up with Max Life Insurance Company Ltd. in 2018, the Bank has successfully helped insure over 8 lakh lives through its distribution channels. During the year, the Bank has tied up with Life Insurance Corporation of India, to broadbase insurance coverage of its customers. In General Insurance, the Bank has a tie-up with Tata AIG General Insurance Company Ltd. (American International Group). The Bank has entered into a Bancassurance partnership for health insurance with Apollo Munich Health Insurance Company Ltd. last year, which will help the Bank further expand its existing bouquet of offerings and put forth a compelling proposition to the clients in terms of medical and health insurance. The Bank remains committed to bring the best of insurance products that best suit the needs of its customers and is constantly looking at more and better avenues. During the year the Bank sold over 3.9 Lakh general insurance and health insurance policies amounting to Rs 02 crores, at a growth of 38%.
The Bank offers online trading services to its customers in collaboration with Axis Securities Ltd. (a 100% subsidiary of the Bank) under the name Axis Direct - an enhanced and simplified online trading platform. During the year, the Bank opened more than 3.75 lakh online trading accounts, and in the process crossed 1.35 million total customers count.
The bank distributes a broad range of Alternate Investment products such as Discretionary Portfolio Management Services, Private Equity & Real Estate Funds & Produtos estruturados. These products are specially designed to cater to the niche segment of customers having different risk reward appetite. There is an increasing trend of HNIs investing in these alternative assets.
Branch & ATM Network.
The Banks organically built branch network over the last twenty three years has helped it to strategically lay down one of the best pan India branch networks. In todays digital world, we continue to adopt a model which blends best of both the worlds, digital and physical branch presence which remains imperative for liability acquisition. During the year, the Bank added 400 branches and its geographical reach extends to 29 states and 6 Union Territories, covering 1,946 centres and 631 districts. As on 31 March, 2017, the Bank had a network of 3,304 branches/ECs as compared to 2,904 last year. Around 16% of the Banks branches are in rural areas and 13% of the Banks rural branches are in unbanked locations. As on 31 March, 2017, the Bank had 14,163 ATMs. The Bank was the first private sector Bank to introduce recyclers which can accept and dispense cash. As on 31 March, 2017, the Bank had deployed 1,349 recyclers. Besides the branch and ATM network, internet banking, mobile banking and phone banking platforms have also evolved as an important electronic channel for the Bank.
The Bank regards Financial Inclusion (FI) as an integral component of its rural strategy to further extend its reach in the rural market. During the fiscal 2017, Bank focused on not only mainstreaming the unbanked and under-banked people through opening basic savings account but also deploying business correspondents for last mile connectivity. Further, both the branches and business correspondents in rural areas have been equipped for Aadhaar enabled payments in view of promoting digital transactions.
As of 31 March 2017, the Bank is reaching out to customers in the unbanked and under-banked locations through 538 branches along with 1,738 business correspondents. During fiscal 2017, 4.60 lakh basic savings accounts were opened and 8.40 Lakh Aadhaar authenticated payments were done. Along with the rural presence, 14,833 business correspondents have been deployed in non-rural areas to enable people working there to conveniently make domestic remittances to their family. Overall, Rs ,550 crores were remitted through the business correspondents.
Consolidating on the Banks efforts on providing basic banking services, the Bank through Government of Indias social security schemes provides for a security net to a large cross section of the countrys population. Overall, the Bank has issued 8.07 Lakh Pradhan Mantri Suraksha Bima Yojana (PMSBY) and 2.02 Lakh Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY) policies of which, as of 31 March, 17, the Bank has registered 277 claims under PMJJBY and 21 claims under PMSBY. Further, the Bank has actively promoted Atal Pension Yojana (APY) wherein the Bank is ranked 2 nd amongst all major banks in sourcing of APY in fiscal 2017. Overall, 1.19 Lakh customers have been enrolled underAPY.
Customer Experience & Service Quality.
In a crowded banking market, just having good branch locations with high level of service delivery and competitive rates are not going to break the ice with new age customers. Today banks must find ways to remain relevant in future in the financial services industry by embracing Customer Experience as a key element of a sustainable competitive business model. Keeping this view in mind, the Bank has recently created a central Customer Experience division along with the existing CustomerService team empowered to workwith all business units to improve the way we serve and deal with customers. The Bank is amongst the leading banks in India to set up a division like this and is evidence of the serious focus and commitment to Customer Centricity. The team is commissioned to periodically review internal processes, customer service and sales practices, policies, etc. keeping customer interest uppermost in mind.
Creating a knowledge pool helps customers to self-serve themselves and reach a resolution faster. With this intent, the Bank launched a support section on its website, thereby providing customers with ready repo sitory of guidelines and instructions with which they can help themselves at their convenience. The section is hosted on https://axisbank/support and covers over 380 most common queries which are arrived at basis the service requests received by the banks across multiple delivery and service channels. This section witnessed over 15 lakh page-views for the month of March 2017. The bank has plans to further keep bolstering and adding customer centric functionalities to this section like Search, Chat, etc. in the next fiscal year.
During the fiscal 2017, the industry segment within non-food credit growth remained weak, and declined by 1.9%. The major sectors like power, metals and engineering that are key contributors to any countrys infrastructure and capacity build up, reported weak credit demand. The problems of past few years like excess capacities, lower utilisations due to lower industrial activity and high leverage continued to impact the demand for bank credit in these key sectors. Resurgence in alternative funding sources in the form of credit substitutes due to sharp correction in market interest rates have also impacted overall bank credit growth.
The Banks gross corporate advances portfolio grew by 5% during the fiscal year 2017, even as net corporate advances grew by 0.33%. The growth has been on account of cost efficient re-financing provided to better rated corporates with strong group financials.
During the year, the Bank renewed its focus on faster delivery of products and services to better rated corporates. Approximately 85% of new sanctions in the corporate book were to companies rated A and above. Presently, 66% of outstanding corporate loans are to companies rated A and above.
The corporate client relationship model introduced a few years ago too has been beneficial for the bank. It has helped the Bank create multiple touch points with the corporate leading to an increased share of wallet for the Bank. The Bank along with its subsidiaries addresses most of financial services requirements of a corporate be it borrowing, trade finance, cash management, remittances, investment banking, security services etc. The holistic approach has moved the Bank away from just sales based approach of offering corporate credit to providing an entire bouquet of products and services.
The Banks strategy of Portfolio diversification through sectoral approach to credit continued where the focus was on identifying sector - specific opportunities and risks. Industry, group and company specific exposure limits have been defined by the Bank and continuous monitoring is undertaken with a view to identify risk and take proactive decisions to mitigate them. The concentration risk has seen a consistent decline in the last few years with exposure to top 20 single borrowers as percentage of tier 1 capital at 124% as on end March 2017, as compared to 283% at the end of fiscal 2018.
During the year the Bank has been cautious in its lending practices and has avoided sectors with imminent stress or unviable business models. Especially in case of project loans, the bank is aggressively focusing on the risks posed by contractual structures, regulations and sponsor strength. The lending in sectors has been very selective to higher rated corporates with a significant margin of safety. The percentage share of sanctions made during a year to challenged sectors like power, iron and steel, and infrastructure construction (excluding airports, roads and ports) stood at 13% for fiscal 2017, compared to 24% for fiscal 2018. During the year, the Bank continued to focus on the government business and increased its footprint in PSUs. the Bank also maintained its leadership position in the loan syndication market and syndicated an aggregate amount of Rs 4,160 crores (22,613 crores in fiscal 2018) by way of rupee loans and USD 1.12 billion (USD 1.93 billion in fiscal 2018) of foreign currency loans.
Structured Finance Group (SFG)
The Banks SFG is a specialized group focusing on resolution of non-retail impairments of the Bank. The team is based out of the Central Office in Mumbai, and oversees rectification and restructuring as well as recovery for the Western zone of the country. The central team is supported bythree Regional Recovery Cells at Delhi, Kolkata and Chennai.
The slowdown in the corporate growth along with the large corporate debt burden has led to considerable stress on the balance sheets of most of the Indian financial institutions. Entities with project finance and term lending expertise which have financed the infrastructure growth have been impacted much more than other financiers. During the fiscal 2017, the challenged sectors like power, steel and infrastructure construction continued to weigh on the banking sectors asset quality. Though the steel sector saw some improvement in operating metrics on back of government intervention and recovery in global demand during the last year, the stress still continues to remain high. In the power sector, although the coal availability factor has now improved, concerns related to lack of power purchase agreements leading to lower plant load factors and operating performance continues to remain an overhang.
The Government and the Regulator have shown keen interest to alleviate and resolve the asset quality issues and get the economy back to a sustainable growth path. The policy initiatives of the Government like imposing import duties in certain segments like steel, focused approach in removing policy and regulatory constraints to revive the stalled projects and getting the Goods and Services Tax (GST) bill passed, with renewed focus on infrastructure, renewable and railways have helped improve the corporate sentiment.
Reserve Bank of India that had earlier introduced guidelines like 5/25 scheme and SDR during fiscal 2018 and fiscal 2018, came out with Scheme for Sustainable Structuring of Stressed Assets or S4A in June 2018 to enable banks to resolve stress in project loans. The SFG group is skilled to handle the changing regulatory landscape, and has been using the resolution mechanisms available to address the stressed portfolio.
The Banks Treasury function comprises Asset Liability Management (ALM), Proprietary trading business in Interest rates & Equity, Foreign Exchange & Derivatives and Arrangership business.
The ALM group manages the regulatory requirements of Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR) and Liquidity Coverage Ratio (LCR). The group also manages the liquidity, interest rate and currency risks in the Banks portfolio, under the guidance of the Asset Liability Committee (ALCO) of the Bank. ALM group is responsible for overall liquidity management of the domestic book and longer term liquidity management of the overseas branches across geographies.
The proprietary trading group in Government securities within Treasury plays an important role of market making, participating in primary auctions of RBI etc. The Bank also holds one of the largest Corporate bond investment portfolio with 92% of them have rating of atleast A, and runs limited trading book in Equity, Commercial papers and Certificate of deposits.
Forex Trading Group is a major participant in the Foreign Exchange & Mercado de derivativos. The group provides risk management and hedging solutions to a wide range of corporate customers and financial institutions. The Bank has been awarded the First Rank by Euromoney in their FX Survey 2018 in eight categories amongst Asian Corporate Respondents and in eleven categories amongst Indian Corporate Respondents.
The Bank continues to remain a dominant player in the Debt Capital Market (DCM) Segment. During the year, the Bank arranged Rs 199,620 crores of bonds and debentures for various PSUs and corporates. The Bank has been ranked number one in the Bloomberg Official League Table for domestic bonds in India for the 10 th Consecutive year, for calendar year 2018 and for the quarter ended March 2017. Bank has also been ranked number one arranger as per Prime Database for the nine months ended December 2018.
The Bank has started the International Debt Capital Markets business and has been a leader in this segment covering USD/EUR bonds,
Masala bonds, Green bonds etc. The Bank became the first Indian entity to issue internationally listed certified dollar denominated Green bonds in June 2018. The Bank was also the Lead Manager in the very first Masala Bond issued by one of the leading housing finance companies and the first Green Masala Bond issued by one of the major public sector utility companies.
During the year, the Bank was awarded "India Bond House" by IFRAsia , "Best DCM House - India" by Finance Asia, "Best Domestic Debt House - India" by Asiamoney and "Best Domestic Bond House in India" for 20 th Anniversary - Platinum award - by Finance Asia. The Bank was also named as "Top Bank in Corporate Bonds, India, Rank 1" and "Investors Choice for Primary issues in Corporate Bonds, India" by The Asset Benchmark Research.
Transaction Banking unit focuses on the flow businesses, i. e. current accounts, collection & payments solutions, trade services, forex remittances and capital market solutions. It caters to corporates, SMEs, financial institutions, Government segment and also to retail customers for their forex requirements such as forex cards and wire transfers.
The key financial deliverables of the business are current account float balances and fee income. Current account balances grew from Rs 3,652 crores as on 31 March, 2018 to Rs 7,002 crores as on 31 March, 2017, a year on year growth of 37%. Daily average balances in current accounts grew 22%, from Rs 0,140 crores in fiscal 2018 to Rs 8,800 crores in fiscal 2017. The business generated a fee income of Rs ,022 crores in fiscal 2017, a growth of 11% year on year.
The key themes that the business has been focusing on are deepening share of wallet for existing clients, offering digital solutions to customers and enhancing customer service. The relationship managers and branches are continuously equipped with analytical tools and learning interventions to help cross-sell the large suite of transaction banking products to customers. Over the last two years, the Bank has expanded the footprint of B Category branches (branches authorized to handle forex business) significantly. As on 31 March, 2017, the Bank had 488 B Category branches.
The Bank has over 1.7 million current accounts across its branch network served with a wide range of segmented and value-based offerings. The Bank has also significantly invested in complementing the branch network with digital channels such as internet banking and mobile banking, and also self-service solutions such as cash deposit machines. The Bank also enables customers to tailor the product features to suit their individual requirements. The Bank has taken several initiatives to deepen the current account relationships by cross-selling other products such as tax payments, cash management solutions, loans, forex and trade products, etc.
Soluções de gerenciamento de caixa.
The Bank provides end-to-end cash management solutions by combining efficient collections and disbursements products, backed by state-of-the-art systems to ensure customized delivery. By leveraging on the Banks extensive network and robust technology, these solutions provide for faster fund movement thereby reducing interest rates and improving customers liquidity position. Cash management products include digital collection and payment solutions, offerings for collection of cheques and cash as well as bulk payment solutions for vendor, salary, interest and dividend payments. The Bank is also focusing on host-to-host integrations for both collections and payments, which involves IT integration with the clients server for seamless transactions and information flow. The Bank provides comprehensive structured MIS reports on a daily or monthly basis or as required by clients for better accounting and reporting.
The Bank has been authorised by Reserve Bank of India and Government of India to handle all Government Banking transactions which includes the following:
& # 149; Collection of Direct and Indirect Taxes.
& # 149; Disbursement of Central Civil as well as Non-Civil (Railways, Defence, Telecommunication and Posts) Pensions.
& # 149; Expenditure-related Payments on behalf ofvarious Ministries/ Departments of Govt, of India.
& # 149; State Government related transactions such as collection of Sales Tax, Pension Payments, etc.
The Bank is a participating entity in the Governments Public Financial Management System (PFMS). PFMS is a financial management system of the Planning Commission of India that is being implemented by the Office of the Controller General of Accounts, Ministry of Finance, in partnership with National Informatics Centre (NIC). PFMS monitors different social sector programmes in India and tracks the disbursement of funds in relation to such programmes, using an online management information system and decision support system. The Bank also is associated with the e-Governance initiatives of five states and union territories, namely Andhra Pradesh (e-Seva), Karnataka (Bangalore One and Hubli-Dharwad One), Chandigarh UT (Sampark), Chhattisgarh (CHOICE), Uttar Pradesh (e-Suvidha) aimed at providing better services to the citizens.
Trade, Forex and risk management Services.
The Bank offers a complete suite of Trade finance and foreign exchange business solutions through Forex "B" category branches spread across the country. The Bank also offers a variety of hedging solutions such as exchange and interest rate derivative structures, including options and swaps in accordance with the derivative policy of the Bank. In addition to having dedicated resources at the branches, the Bank has also stationed experts at various locations to provide advice on regulations governing trade and forex business and suitably customize offerings to meet specific needs of its customers. In addition to the services offered through Branch network spread across India, the Bank also leverages its tie-ups with reputed correspondent banks across the world.
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. The Bank offers remittances facility to NRI customers through the Banks Sri Lanka Branch and Axis Bank UK Ltd., for remittances to India. Additionally, the Bank offers remittances from Gulf Co-operation Council (GCC) region to Sri Lanka through tie-up with four exchange houses.
The Bank continued to have a market leadership position in forex cards with 16 currency options other than INR being offered. Additionally, the Bank offers Miles & More Multi-Currency Forex Card in association with Lufthansa airline aimed at frequent flyers, an industry first in this segment. The aggregate load value on forex cards crossed USD 8 billion during the year.
The Bank has also introduced Commercial Forex Card to address foreign currency payment needs of Corporates and Tour Operators. This serves as a substitute to traditional payment mechanisms like wire transfers, foreign currency demand draft and brings in efficiency in entire payment processing along with convenience of paying online instantly.
The Bank was the first in India to connect with Earthports global payment network, which spans over 60 countries. This tie-up enables the Bank to offer faster outward remittances with value added features - transparency in charges and lower time taken to transfer. The volumes of retail remittances also rose by 49% during the year and the Bank processed outward remittances of USD 4.84 billion and inward remittances of USD 7.43 billion.
Custodial and Capital Market Services.
Under the custodial business segment, the Bank offers a full range of custodial and fund accounting services for primary and secondary market operations involving debt, equity and money market instruments.
Lending to Small and Medium Enterprises.
Small and Medium Enterprises (SME) remain an integral part of the Indian Economy. The Bank partners to provide the right impetus for growth in this sector. Currently the Bank operates from 54 SME Centres and 15 SME Cells across the country to service customers effectively covering more than 2,000 branches. In order to serve our customers effectively, SME Business within the bank is divided into 3 Business verticals: Medium Enterprises Group (MEG), Small Enterprises Group (SEG) and Supply Chain Finance (SCF). Bank extends Working Capital, Term Loan, Trade Finance, Project Finance and Bill / Invoice Discounting to SMEs for their various Finance needs.
Fiscal 2017 was challenging on many fronts including the demonetization period. SME advances grew by 10% to Rs 9,172 crores from Rs 4,869 crores last year. The SME portfolio of the Bank constituted 13% of the Banks total advances as on 31 March, 2017. The SME Business in the Bank continues to focus towards lending to the Priority sector (PSL) and is a significant contributor to the Banks overall PSL portfolio. Special drives were undertaken during fiscal 201 7 to promote lending to the Priority Sector which included product and marketing initiatives. As part of the strategy to focus on select important industrial clusters, the Bank launched a new product catering to the Education sector.
The Bank has a wide range of customized and fast track products for SME customers and has robust processes in place ensuring that the customer gets the best financial solution and consistent quality of service which suits his requirements. Building on the same platform, the Bank streamlined various internal processes on the digital platform leading to seamless services offered to the customer.
With a commitment to support the SME growth and be part of Indias growth story, bank continued to spread "Evolve" series (Road Show series) to a new level. During the fiscal 2017, Evolve was organised in 35 cities where more than 5,000 SMEs participated. As during the last two years, the series was much appreciated by all the participants and is a unique initiative in building the SME capacity. The Bank also acknowledged the best performers in SME segment by hosting the SME Awards "SME 100" held in Delhi. These initiatives were aligned to relevant government initiatives/national priority programs such as Make in India, Skill India, and Digital India.
Despite the challenging environment where the economic growth remained slower and demonetisation too had an impact on SME sector, the asset quality remained relatively stable as the Bank focused on controlling the quality of the existing portfolio and continued its emphasis on acquiring better rated SME customers. However, the Bank remains watchful from lagged effects of demonetisation and ensuing changes post the implementation of GST. The Bank uses the augmented business analytical tools like Early Warning Signals, which helps the Bank to identify unfavourable sectoral trends early in the cycle and take corrective action if necessary. Around 84% of the SME portfolio lies in SME 1 to SME 3 category and around 94% of the new customers are rated SME 1 to SME 3.
The International Banking strategy of the Bank continues to revolve around leveraging its relationships with corporates in India and non-resident Indians, by providing banking solutions at overseas centres. The Bank, through its international operations, leverages the skills and strengths built in its domestic operations. It also widens the horizon of the product offerings covering a varied spectrum of corporate and retail banking solutions across client segments in various geographies. The Bank has established its presence at strategic international financial hubs. The Bank has a small but strategic international network that consists of five branches at Singapore, Hong Kong, Dubai International Financial Centre (DIFC) - UAE, Colombo (Sri Lanka) and Shanghai (China); three representative offices at Dubai, Abu Dhabi (both in UAE) and Dhaka (Bangladesh); and an overseas banking subsidiary in the United Kingdom.
The Bank continues to offer corporate banking, trade finance, treasury and risk management solutions through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo, and retail liability products from its branches at Hong Kong and Colombo. Further, the Banks Gulf Co-operation Council (GCC) initiatives in the form of representative offices in Dubai and Abu Dhabi and alliances with banks and exchange houses in the Middle East provide supportfor leveraging the business opportunities emanating from the large NRI diaspora present in these countries. The Representative Office at Dhaka promotes trade finance business arising between Bangladesh and India & other Asian financial markets where Bank has a presence.
Given the uncertainties in global economies coupled with weak Indian international trade, the Bank focussed on consolidating the operations at overseas branches and managing the risks in international operations. Emphasis continued towards trade finance business and value added services. As on 31 March, 2017, the total assets at overseas branches stood at USD 8.37 billion as compared to USD 8.06 billion last year. Axis Bank UK Limited, the Banks overseas banking subsidiary, completed its fourth year of operations during the year under review and its total assets stood at USD 823 million as against USD 662 million as on 31 March, 2018.
Business Intelligence Unit.
From self driven car to chat BOTs, Al and Machine Learning are revolutionizing customer experience and decision making across industries globally. Being a bank for millions of aspiring Indians, Business Intelligence Unit of the Bank is also on the forefront for building & implementing Al and machine learning solutions in areas such as identification of customer base for pre-approved loans, creation of personalised product recommendations, branch and ATM location planning, identifying fraudulent transactions and to prioritise investigation on complex money laundering transactions. Set up in 2009, Axis Bank BIU started with providing analytical solutions to Retail Lending Business. Over these years, BIU, with 200+ in-house data scientists, is now developing solutions across Retail Banking, Wealth Management, Payments and Corporate Banking. In 2018, we have also set up "Thought Factory", an innovation lab of Axis Bank, in Bangalore to build scalable capabilities in Al and Machine learning to make customer banking experience intelligent, intuitive and instant.
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. An independent risk management function ensures that the risk is managed through a risk management architecture as well as through policies and processes approved by the Board of Directors encompassing independent identification, measurement and management of risks across the various businesses of the Bank. The risk management function in the Bank strives to proactively anticipate vulnerabilities at the transaction as well as at the portfolio level, through quantitative or qualitative examination of the embedded risks. The Bank continues to focus on refining and improving its risk measurement systems including automation of processes wherever feasible not only to ensure compliance with regulatory requirements, but also to ensure better risk - adjusted return and optimal capital utilisation, keeping in view its business objectives. Pursuant to review of the risk profile of the Bank, the Board has not come across any element of risk which would threaten the existence of the Bank.
The overall risk appetite and philosophy of the Bank is defined by its Board of Directors. The Risk Appetite framework provides guidance to the management on the desired level of risk for various types of risks in the long term and helps steer critical portfolio decisions. Further, the Internal Capital Adequacy Assessment Process (ICAAP) of the Bank assesses all the significant risks associated with various businesses. The independent risk management structure within the Bank is responsible for managing the credit risk, market risk, liquidity risk, operational risk, other Pillar II risks like reputational risk and strategic risk and exercising oversight on risks associated with subsidiaries. The risk management processes are guided by well-defined policies appropriate for the various risk categories viz. credit risk, market risk, operational risk, liquidity risk, counterparty risk, country risk, reputational risk, strategic risk and subsidiaries risk, supplemented by periodic validations of the methods used and monitoring through the sub-committees of the Board. The Risk Management Committee (RMC), a committee constituted bythe Board, approves policies related to risk and reviews various aspects of risk arising from the businesses undertaken by the Bank. The Committee of Directors (COD) and the Audit Committee of the Board (ACB) supervises certain functions and operations of the Bank, which ultimately enhances the risk and control governance framework within the Bank. Various senior management credit and investment committees, Credit Risk Management Committee (CRMC), Asset-Liability Committee (ALCO), Operational Risk Management Committee (ORMC), Subsidiaries Governance Committee (SGC), Reputation Risk Management Committee (RRMC), Information Security Committee (ISC) and Business Continuity Planning Management Committee (BCPMC) operate within the broad policy framework of the Bank.
Credit risk is the risk of financial loss if a client, issuer of securities that the Bank holds or any other counterparty fails to meet its contractual obligations. Credit risk arises from all transactions that give rise to actual, contingent or potential claims against any counterparty, borrower or obligor. The goal of credit risk management focuses on maintaining asset quality and concentrations at individual exposures as well as at the portfolio level.
Internal rating forms the core of the risk management process for wholesale business with internal ratings determining the acceptability of risk, maximum exposure ceiling, sanctioning authority, pricing decisions, review frequency. For the retail portfolio including small businesses and small agriculture borrowers, the Bank uses different product-specific scorecards. Large, risky or complex exposures require to be independently vetted by the risk department for each incremental transaction whereas small, templated exposures are extended within the approved product policies. Both credit and market risk expertise are combined to manage risks arising out of traded credit products such as bonds and market related off-balance sheettransactions.
Credit models used for risk estimation are assessed for its discriminatory power, calibration accuracy and stability independently by a validation committee.
During the year the Bank has brought greater alignment in bank level appetite and the operational limits. The key risk metrics are monitored regularly and deviations are discussed with business to decide on the course of remedial action. The governance around deviation from internal limits has also been considerably strengthened. Asset quality target on incremental business have been considerably tightened over the past few year. While parts of corporate portfolio remain under stress, we are beginning to see an improvement in the asset quality at the portfolio level. Concentration limits have also been tightened over the past few years. The Bank is comfortably on track to meet the standards of the large exposure framework that has been brought in by RBI.
Market risk is the risk of losses in on and off-balance sheet positions arising from the movements in market price as well as the volatilities of those changes, which may impact the Banks earnings and capital. The risk may pertain to interest rate related instruments (interest rate risk), equities (equity price risk) and foreign exchange rate risk (currency risk). Market Risk for the Bank emanates from its trading and investment activities, which are undertaken both for the customers and on a proprietary basis. The Bank adopts a comprehensive approach to market risk management for its banking book as well as its trading book for both its domestic and overseas operations. The market risk management framework of the Bank provides necessary inputs regarding the extent of market risk exposures, the performance of portfolios vis-a-vis the market risk limits and comparable benchmarks which provides guidance to the business in optimizing the risk-adjusted rate of return ofthe Bankstrading and investment portfolio.
Market risk management is guided by well laid down policies, guidelines, processes and systems for the identification, measurement, monitoring and reporting of exposures against various risk limits set in accordance with the risk appetite ofthe Bank. Treasury Mid-Office independently monitors the Banks investment and trading portfolio in terms of risk limits stipulated in the Market Risk Management Policy and reports deviations, if any, to the appropriate authorities as laid down in the policy. The Bank utilises both statistical as well as non-statistical measures for the market risk management of its trading and investment portfolios. The statistical measures include Value at Risk (VaR), stress tests, back tests and scenario analysis while position limits, marked-to-market (MTM), stop-loss limits, trigger limits, gaps and sensitivities (duration, PVBIf option greeks) are used as non-statistical measures of market risk management.
Historical data calculated at a 99% confidence level for a one-day holding period over a simulation and its variants are used to compute VaRforthe trading portfolio time horizon of250 days. VaR models for different portfolios are back-tested on an ongoing basis and the results are used to maintain and improve the efficacy of the model. VaR measurements are supplemented with a series of stress tests and sensitivity analyses as per a well laid out stress testing framework.
Liquidity is a banks capacity to fund increase in assets and meet both expected and unexpected cash and collateral obligations at reasonable cost and without incurring unacceptable losses. Liquidity risk is the inability of a bank to meet such obligations as they become due, without adversely affecting the banks financial condition. The Asset Liability Management Policy of the Bank stipulates a broad framework for liquidity risk management to ensure that the Bank is in a position to meet its liquidity obligations as well as to withstand a period of liquidity stress from bank-level factors, market-wide factors or a combination of both.
The liquidity profile of the Bank is monitored for both domestic as well as overseas operations on a static as well as on a dynamic basis by using the gap analysis technique supplemented by monitoring of key liquidity ratios and conduct of liquidity stress tests periodically. The Bank has laid down liquidity risk policies for its overseas branches in line with host country regulations and the asset-liability management framework as stipulated for domestic operations. Periodical liquidity positions and liquidity stress results of overseas branches are reviewed bythe Banks ALCO.
The Bank has integrated into the asset liability management framework the liquidity risk management guidelines issued by RBI pursuant to the Basel III framework on liquidity standards. These include the intraday liquidity management and the Liquidity Coverage Ratio (LCR). The Bank maintains the regulatory mandated LCR as per the transitional arrangement laid down by RBI and also ensures adherence to RBI guidelines on monitoring and management of liquidity including liquidity ratios.
Operational risks may emanate from inadequate and/or missing controls in internal processes, people and systems or from external events or a combination of all the four. The Bank has in place an Operational Risk Management (ORM) Policy to manage the operational risk in an effective, efficient and proactive manner. The policy aims at assessing and measuring the magnitude of risks, monitoring and mitigating them through well-defined framework and governance structure.
The RMC at the apex level is the policy making body and is supported by the Operational Risk Management Committee (ORMC), responsible for the implementation of the Operational Risk framework of the Bank and the management of operational risks across the Bank.
All new products and processes, as well as changes in existing products and processes are subjected to risk evaluation by the Operational Risk team. The overall responsibility of new products is vested with the Banks Product Management Committee and Change Management Committee. Outsourcing arrangements are examined and approved by the Banks Outsourcing Committee after due recommendations from the Operational Risk team. The IT Security Committee of the Bank provides directions for mitigating operational risk in the information systems. The Bank has set up a comprehensive Operational Risk Measurement System (ORMS) for documenting, assessing, and periodic monitoring of various risks and controls linked to various processes across all business lines. Over the year, the Bank has focused on strengthening the operational and information security risk frameworks by implementing several initiatives.
The Business Continuity Planning Management Committee (BCPMC) exercises oversight on the implementation of the approved Business Continuity Plan (BCP) framework which has been put in place to ensure continuity of service to its large customer base. The effectiveness of the approved Business Continuity Plan (BCP) framework is tested for all identified critical internal activities to ensure readiness to meet various contingency scenarios. The learning from the BCP exercises are used as inputs to further refine the framework.
The Bank has undertaken various technology enabled business initiatives to realize the vision of customer centricity and to respond to customer demand in real time by knowing its customers and their behaviour, and to offer a single view across all the banks products and services.
A new version of Axis Mobile app was launched for customers with the functionalities such as Buy/Sell Mutual Funds, Augmented Reality in Near Me to find out nearest ATM, branch or best Dining delight offers at various nearby restaurants, Property Search, Set /Reset your Debit card PIN and Insta Service for updating customer details. "Happy Holiday" feature on Axis Mobile enables easy onboarding of customers to avail Travel Insurance & Forex card. During the year, the Bank also launched an Active fitness band in partnership with GoQii using which customers can make payments at NFC-enabled outlets, track their fitness and earn reward points from the bank.
The Bank has focused on creating a constantly learning sales organization and driving sales force efficiency. The Bank is among the leading banks in India to launch image based disbursement of Tractor loans that has led to improvement in turnaround time by 2 days. Contact Centre capabilities are augmented to facilitate integrated and consistent interactions across all channels. The state of the art digital contact centre consists of speech analytics for better service. The Bank has also implemented an online chat module for its premium customers.
Delivering on the vision of an instantaneous, intelligent and interconnected payment ecosystem, the Bank has undertaken major initiatives in the payment space in fiscal 2017. Axis Pay App was launched by the Bank using UPI allowing customers to send or receive money, pay bills, recharge and shop with a single Virtual Payment Address (VPA). The Bank has built a customizable online payment gateway platform for corporate customers to process invoices seamlessly. The Bank has launched Bharat Bill Payment System (BBPS) based billing for select utility payouts. The Bank in association with Bengaluru Metropolitan Transport Corporation (BMTC) has launched Axis Bank BMTC Smart card, Indias first ever open loop EMV contactless smart card that can be used for hassle free transit and retail purchases. The Bank is the first bank to launch NPCI (National Payments Corporation of India) integrated interoperable RFID (Radio Frequency Identification) tag for providing Electronic Toll Collection service for customers.
The Bank has set up Thought Factory, its Innovation Lab in Bengaluru to drive technology focused innovation across various business areas. Key programs include an in-house innovation team building new products and solutions, a Fintech Accelerator Program for mentoring high potential startups, and a co-working space in partnership with Amazon Web Services.
The Bank has also set up an in-house Development Center of around 100 people in fiscal 2017 to build front end and middleware systems in-house and achieve greater business agility.
The Compliance function is reckoned as a key element in Banks corporate governance structure. The Compliance function assists the Board and Top Management in managing the compliance risk which is the risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities.
The Bank is committed to adhere to the highest standards of compliance vis-a-vis regulatory prescriptions and internal guidelines. The Compliance function plays a crucial role in ensuring that the overall business of the Bank is conducted in accordance with regulatory prescriptions. The Compliance function aims to improve compliance culture within the Bank through various enablers like dissemination of regulatory changes, percolation of compliance knowledge through training, newsletters, e-learning initiatives and other means of communication apart from direct interaction. To ensure that all the businesses of the Bank are operating within the ambit of Compliance Framework, the Compliance Department is involved in vetting all new products and processes. It evaluates the adequacy of internal controls and examines the systemic correction required, based on its analysis and interpretation of the regulatory doctrine and the deviations observed during compliance monitoring and testing programme. It also ensures that internal policies address the regulatory requirements comprehensively. The Audit Committee of the Board reviews the performance of the Compliance Department and the status of compliance with regulatory guidelines on a periodic basis.
As the focal point of contact with RBI and other regulatory entities, the Compliance Department periodically apprises both the Banks management as well as the Board of Directors on the status of compliance in the Bank and the changes in regulatory environment. The Bank has put in place an Enterprise-wide Governance Risk and Compliance Framework, an online tool, which is pivotal in addressing operational, compliance and financial reporting risk, bringing efficiency in processes and improvement in compliance levels besides facilitating annual assessment of said risks. The Compliance Department also propagates and monitors a Group Compliance approach encompassing the Bank and its subsidiaries.
The Banks Internal Audit function provides to its Board of Directors and Senior Management an independent validation on the quality and effectiveness ofthe internal controls in place, risk management systems, governance systems and processes on an on-going basis. This is provided to primarily ensure that the audited units comply with both, internal and regulatory guidelines. In line with the RBIs guidelines on Risk Based Internal Audit (RBIA), the Bank has adopted a robust audit policy. The RBIA has been designed taking into account regulatory guidelines and also international best practices. The policy has a well-defined architecture for conducting RBIA across all audit entities. The audit policy defines the audit strategy in terms of a concerted focus on strategic and emerging business risks. These inputs form a key step in the identification of the audit universe for the audit planning exercise. The audit frequencies are in sync with the risk profile of each unit to be audited. This is in alignment with guidelines relating to RBIA. The scope of RBIA includes examining the adequacy and effectiveness of internal control systems, external compliances and also evaluating the risk residing at the audit entities. Further to augment the internal audit function, concurrent audit, thematic audit and integrated audit reviews have been integrated into the internal audit process in order to make the function more robust.
The Internal Audit functions independently under the supervision of Audit Committee of the Board, thereby ensuring its independence. The Board reviews the efficacy of the internal audit function, effectiveness of controls laid down by the Bank and compliance with internal as also regulatory guidelines. This is in alignment with the best global practices on corporate governance.
Corporate Social Responsibility (CSR)
The primary purpose of the Banks CSR philosophy is to make a meaningful and measurable impact in the lives of economically, physically and socially challenged communities of the country through an integrated approach of development which focuses on creating sustainable livelihood, promoting education and skills development, creating awareness amongst public at large on public interest topics including financial literacy, facilitating and providing access to formal banking channels for excluded sections, promoting environmental sustainability, and supporting health and sanitation initiatives.
The Bank has put in place a Policy on Corporate Social Responsibility to strategically guide its efforts in the area of CSR and the same is hosted on the Banks website axisbank . The CSR activities are pursued through various initiatives undertaken by the Bank or through Axis Bank Foundation (ABF) or through any other Trust or agencies and entities as deemed suitable. The Bank leverages its geographical spread to undertake such initiatives.
The Bank has adopted multi-pronged approach for its CSR agenda, which is integrated with the Banks sustainability objectives aimed towards creating enduring value for all stakeholders. Through Axis Bank Foundation, the Bank focuses on creating sustainable livelihoods, especially in rural and remote areas through interventions in agriculture productivity, watershed management, livelihood assets, and vocational training and skill development including for differently-abled people. During the year, the country witnessed a massive shift towards becoming less-cash society through extensive promotion of digital and non-cash transactions. Addressing the need of the hour, the Bank has stepped up its financial inclusion and financial digital literacy measures to help people make transition to digital and non-cash transactions. These measures in alignment with Governments JAM (Jan Dhan - Aadhar - Mobile) vision have immense potential to help people, especially those currently excluded from formal banking channels to access financial solutions, increase savings, improve livelihood earnings through access to micro-credit, gain access to Government schemes, and thus contribute to reduction of economic and social inequalities. The Bank has initiated projects across 24 villages to enable them completely move to digital and non-cash transactions through Digiprayas program. Extensive financial literacy camps were conducted across the country. The Bank recognises that MSME sector is a vital component of economic growth and job creation which is also a priority focus area of the Government under programs such as Make in India, Skill India, Startup India etc.. Through knowledge sharing programs, the Bank provides a platform for MSMEs to gain knowledge on topics related to the sector growth and future opportunities. The Bank also supports programs to contribute to entrepreneurial skill development by providing a platform for promising start-ups to be mentored by industry leaders. Environmental sustainability is another key focus area for the Bank. It undertakes various initiatives through promotion of renewable energy and energy efficiency to reduce carbon emissions and through ABF activities helps farmers adopt sustainable agriculture practices which contribute to environmental sustainability.
The prescribed CSR expenditure for the Bank for fiscal 2017 in terms of the Section 135 of the Companies Act, 2018 and Rules framed thereunder was Rs 196.44 crores, against which the Bank has spent Rs 135.39 crores towards various CSR initiatives. The details of initiatives taken by the Bank on CSR during the year as per annexure attached to the Companies (Corporate Social Responsibility Policy) Rules, 2018 are given as an annexure to the Directors Report.
Set up as a Public Charitable Trust in 2006, Axis Bank Foundation (ABF) is the Corporate Social Responsibility (CSR) arm of the Bank. It complements the activities being carried out by the Bank under CSR with sharper focus on areas responsible for creating sustainable livelihood. Partnering with close to 100 NGOs across the length and breadth of the country, ABF has impacted over 10.81 lakh beneficiaries till 31 March, 2017. ABFs programs are currently spread across 21 states and 221 districts of India. The Bank has made cumulative of Rs 12 crores to ABF and its partner NGOs.
In the area of Livelihoods, ABF has partnered with NGOs that primarily work in the areas of Watershed Management and Agriculture Productivity, Livestock Enhancement, Vocational Training, and Livelihood for the Disabled. These initiatives help in enhancing the agricultural output through improved farm practices leading to increased income, watershed management activities ensure the availability of water by adopting irrigation facilities for multiple cropping, encouraging involvement into non-farm handicraft activities like embroidery work, bamboo work, etc. that further supplements the farm income and improves the overall income.
Financial Inclusion activities are conducted to help the beneficiaries gain access to banking facilities. 29,796 Self Help Groups (SHGs) have been formed with a membership of 368,454 women. The SHGs have recorded a savings of over Rs 106.44 crores and a borrowing of Rs 180.01 crores from several banks.
The Livelihood programs also seek to train unemployed youth both abled and disabled which lead to their employability. 116,563 youth have been trained of which 65% have been placed.
ABF has a mission to create one million sustainable livelihoods by December 2017. A 50%increase in income is expected to be achieved through these livelihood enhancement programs. Till March 2017, over 9.12 lakh beneficiaries (63% are women) have been impacted by this program.
The Foundation provides Axis Bank staff, opportunities to volunteer and participate in its various initiatives and also runs a payroll program to collect contributions from the employees.
During the year, the Bank was rewarded by the Cll Sustainability Domain (Corporate Social Responsibility) Excellence Award in recognition of its CSR efforts and impacts created. The Bank also was recognised as Socially Aware Corporate of the Year at Business Standards Corporate Social Responsibility Awards, 2018 for the impacts created by ABFs livelihood programs over the past decade.
Additional details of the Banks community development efforts can be accessed through the Banks CSR & Sustainability web-section on axisbank and ABFs website axisbankfoundation.
Axis Bank believes that nurturing our people capability is the core of driving business excellence and achieving Vision 2020. The Bank has made concerted efforts to ensure that the employees capabilities are developed so that employees can handle challenges of future. The Bank ended the year with a workforce strength of 56,617 employees. Some key focus areas of the Bank were:
Reinforcing the culture and capability: Banking is all about trust. As Bankers, we are responsible for establishing, and maintaining trust during and beyond our association with the customers. The Banks constant endeavour is to ensure that all employees embody this trust at all times, and it continues to drive this behaviour through various interventions.
The Bank takes significant efforts on an ongoing basis to examine how it can more rigorously and consistently adhere to compliance and governance norms. Towards this end, the Bank introduced Banking on Compliance - a training intervention to reinforce the status of compliance standards as an important element of how we do our business. 44,872 employees of the Bank were certified through this program over a 3 month period. The Banks leaders across levels personally delivered this training, further driving the message that the compliance and governance agenda is critical. The Bank has constantly re-emphasised on its compliance standards so that employees can internalize the same, and show the ethical behaviours that are expected.
The Bank believes in broad-based capability development. The Bank introduced a learning platform, the Axis Competency Profiler, to manage employee careers. The platform will be leveraged for conducting Knowledge and Application Based profiling for employees working in five areas. With a view to promote self-paced, contextualised learning, Axis Bank launched a tie-up with Coursera, becoming the first organization in India to do so. With this partnership, high performing employees gained access to three specially curated and customized courses from Ivy League universities for their professional and personal growth.
The Bank launched the Million stories initiative with a view to capturing the rich legacy that lays the foundation of our culture. These stories celebrate the Axis Bank culture and motivate the employees. Axis Champions, the banks premier awards, is an initiative to drive alignment of culture across the organization and recognize champions for their role model behaviours. This year the platform became bigger with 12,500 nominations pouring in from across the country.
Efforts have been made to enhance employee experience through personalized human connect as well as technology enabled connect. The best-in-class technology was deployed to automate HR processes & the internal employee portal, My Connect, was revamped to provide employees with a seamless and digitally enhanced HR experience. The experience was extended to prospective employees with Axis Bank becoming one of the first few organizations in the country to introduce faceless Interviewing.
Reinforcing Meritocracy: The Banks integrated Performance Management & Capability Development system - ACEIerate - helps in fostering high performance as well as building capability. Capability development interventions are provided to high performing employees to hone their skills further and help them perform at the next level. More than 28,000 employees underwent a 2-day behavioural training program customized to their grade and their role challenges. Enhancement Program was offered to poor performers as a lever to opt for stretch targets and have a chance at upgrading their rating retrospectively. The Banks promotion process allows for the best performers to shine through, regardless of their age, gender, past performance & background. A young and engaged workforce with an average age of 30 years and the Banks policy on being an equal opportunity employer continue to significantly contribute towards the Axis Bank brand.
Leadership development across levels has been the Banks continued focus. The Bank follows an institutionalized approach of providing differentiated learning opportunities to the Top Talent. The Bank has partnerships with corporate education arms of elite institutes to custom design offerings for senior executives. This year, the content of the programs was re-designed to reinforce the new leadership imperatives that were recently articulated. Additionally, developmental interventions in the form of executive coaching, mentoring and feedback tools were introduced and extended to a wider audience to facilitate their leadership journey.
Partnering with external stakeholders: Axis Bank strives to serve its customers and the communities it operates in by including several pioneering interventions within the Bank and the broader community. Axis Bank Foundation has partnered with various organizations across the country for the overall development of the society. Leaders of the Bank engage with communities at the grass root level through the Social Impact Program.
The Bank spearheaded one of the largest crowdsourcing initiatives - Future of Jobs in India, a competition for all individuals in the age group of 18 - 30 years. 21,800 youngsters participated in across 453 cities to come up with innovative ideas that may create jobs of tomorrow. The winning ideas offered innovative solutions across the areas of waste management to transport sector.
Through the fulfillment of its HR agenda, the Bank continues to strive towards its pledge of serving its customers, shareholders, employees & communities.
During fiscal 2017, the Banks subsidiaries reported healthy growth in revenue and earnings of 33% and 26% respectively. Axis Capital, the Banks institutional equities and investment banking franchise contributed 25% to the total earnings of the subsidiaries. Axis AMC, Axis Finance and Axis Direct continued to contribute towards the Banks Retail Franchise building strategy and strengthen the bond with its customers. Axis Finance Limiteds net profit increased by 49% and contributed 36% to total subsidiaries earnings. The other major contributors to the total earnings of the subsidiaries were Axis Securities, Axis Asset Management Company and Axis Bank UK, with share of 11%, 13% and 11% respectively.
Axis Finance reported 38% YoY growth in total loans with 58% growth in retail loans. Axis AMC reported 53% YoY growth in average AUM with 26% growth in total number of folios. Axis Long Term Equity Fund continues to be the largest ELSS fund in the industry with AUM of ?12,396 crores and also among the top 10 equity funds in the industry. Axis Capital, the Institutional Equities and Investment Banking franchise successfully co-managed and participated in most of the IPOs undertaken during fiscal 2017.
Except for the historical information contained herein, statements in this Annual Report which contain words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seekto", "future", "objective", "goal", "strategy", "philosophy", "project", "should", "will pursue" and similar expressions orvariations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, future levels of non-performing loans, our growth and expansion, the adequacy of our allowance for credit losses, our provisioning policies, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Axis Bank Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

Eixo do Banco.
It is the third largest financial institutions of the Country in the private sector. The bank deals in multiple products, touching almost every aspect of one’s financial needs. The registered address of the Bank is ‘Trishul’, 3rd Floor, Opposite Samartheshwar Temple, Near Law Garden, Ellisbridge, Ahmedabad, Gujarat – 380 006.
The address of the corporate office of the Bank is at Axis House, C-2 Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 4000 025. Total contribution made by all the partners was Rs.115 crores with contributions by each in the following manner.
The bank deals in each and every type of financial product. It has a special subsidiary for each of the product. The bank currently has 10 subsidiaries. The list of the same is given below.
Axis Capital Ltd. Axis Private Equity Ltd. Axis Trustee Services Ltd. Axis Asset Management Company Ltd. Axis Mutual Fund Trustee Ltd. Axis Bank UK Ltd. Axis Securities Ltd. Axis Finance Ltd. Axis Securities Europe Ltd. Axis Trends Limited.
Personal Banking Services and Products offered by the bank.
Easy access Savings Account: This account is apt for individuals who wish to keep their money in safe hands and at the same time wish to reap some benefits out of it. The holder of the account receives a Visa classic debit card along and is free to withdraw an amount of Rs.40000 from ATM and may choose to shop up to Rs.1 lakh per day. The bank provides the account holder with a free multicity cheque book per quarter and also allows the account holder to make 5 cash transactions per month amounting to a maximum of Rs.10 lakh. The account holder is also entitled to receive discounts more than 15% in certain restaurants get eDGE Loyalty reward points on the same. Prime Plus Savings Account: This account is apt for individuals who wish to feel privileged and earn high loyalty points and at the same time get high transaction limits on their transactions. The holder of the account receives a Master Card Prime plus debit card along and is free to withdraw an amount of Rs.50000 from ATM and may choose to shop up to Rs.1 lakh per day. The bank provides the account holder with two free multicity cheque books per quarter and also allows the account holder to make 20 free cash transactions per month with no fixed upper limit. The account holder is also entitled to receive discounts up to 10% on movie tickets and eDGE Loyalty reward points up to 180 per year. Prime savings Account: This account is apt for individuals who wish to enjoy high transaction limits as well as easy access advantage. The holder of the account receives a Secure plus debit card along and is free to withdraw an amount of Rs.50000 from ATM and may choose to shop up to Rs.75000 per day. The account holder also gets a hotel assistance or travel emergency fund amounting up to Rs.80000. The bank provides the account holder with unlimited cheque books and free DD/PO’S and also allows the account holder to make 10 cash transactions per month amounting to a maximum of Rs.25 lakhs. The account holder is also entitled to get preferential prices on lockers as well as Demat accounts. Women’s Savings Account: This account is directed towards empowerment of Indian women and aims to provide them with financial independence. The holder of the account receives a Visa Classic debit card along and is free to withdraw an amount of Rs.40000 from ATM and may choose to shop up to Rs.1 lakh per day. The bank provides the account holder with a free multicity cheque book per quarter and also allows the account holder to make 5 cash transactions per month amounting to a maximum of Rs.10 lakh. The account holder is also entitled to receive discounts more than 15% at more than 4000 restaurants. Senior Privilege Savings Account: This account is directed towards Indian senior citizens and aims to provide them self dependency post retirement. The holder of the account receives a Visa Classic debit card along and is free to withdraw an amount of Rs.40000 from ATM and may choose to shop up to Rs.1 lakh per day. The bank provides the account holder with a free multicity cheque book per quarter and also allows the account holder to make 5 cash transactions per month amounting to a maximum of Rs.10 lakh. The account holder receives a personalized senior citizen card which can be used for availing special benefits under the scheme. Future Star Savings Account: This account is designed to meet the needs of young Indians/children. The holder of the account receives a Visa Classic debit card along and is free to withdraw an amount of Rs.1500 from ATM and may choose to shop up to Rs.1000 per day. The bank provides the account holder with a free multicity cheque book per quarter and also allows the account holder to make 5 cash transactions per month amounting to a maximum of Rs.10 lakh. The holder gets a personalized atm card.
2. Current: The various accounts available under this scheme are:
Normal Current Account: This account allows for a cash withdrawal of Rs 1 Lakh each day along with 25 free NEFT and RTGS transactions and also allows the customer to make cash transactions worth up to Rs. 2 lakh for home branch and up to Rs.1 lakh for non home branch. Local Current Account: This account allows up to 75 free transactions every month. Business Advantage Account: This account allows for a cash withdrawal of Rs.3 Lakhs per month along with 50 free NEFT and RTGS transactions and also allows the customer to make cash transactions worth up to Rs. 3 lakhs for home branch and up to Rs.1 lakh for non home branch. Business Select Account: This account allows for a cash withdrawal of Rs.6 Lakhs per month along with 100 free NEFT and RTGS transactions and also allows the customer to make cash transactions amounting up to 12 times the monthly average balance being maintained in the account. Business Classic Account: This account allows for a cash withdrawal of Rs.12 Lakhs per month along with 200 free NEFT and RTGS transactions and also allows the customer to make cash transactions worth up to Rs. 12 lakhs for home branch and up to Rs 2.5 lakhs for non home branch. Sweeps Current Account: This account allows for a cash withdrawal of Rs.1Lakh per day and also allows the customer to make cash transactions worth up to Rs. 1 crore for home branch and up to Rs 1 lakh for non home branch.
3. Wealth Current Account: A single type of account is available under this scheme:
Club 50 Current Account: This account allows for a cash withdrawal of any amount along with 2000 free NEFT and RTGS transactions and also allows the customer to make cash transactions worth up to Rs. 2 crores every month for home as well as non home branch.
4. Priority Current Account: Two types of accounts are available in this scheme:
Business Privilege Account: This account allows for a cash withdrawal of Rs.25 Lakhs per month along with 500 free NEFT and RTGS transactions and also allows the customer to make cash transactions worth up to Rs. 60 lakhs for home branch and up to Rs 12.5 lakhs for non home branch.
5. Resident Foreign currency (Domestic) Account: It is a non interest generating account. Allows the customer to hold a maximum of USD 2000 in their accounts.
Tailor Made Current Account: It is a customized account which allows the user to modify the cash transactions and the applicable terms based on their personal requirements.
Deposits help customers earn higher rate of interest on the cash deposited in their account. These deposits are safe and interest earning and are available in different varieties, the details of which is given below:
Fixed: These FD’S can be opened for a period of 7 days to 10 years with a minimum amount of Rs.10000. It can be opened at any of the axis bank branch and these also assure returns. Recurring: The customer can make investments by investing a fixed amount in regular intervals of time. These scheme can be availed by investing a minimum of Rs.500 per month for a period of 6 months to 10 years Tax Saver Fixed Deposits: A tax exempting deposit which ensures return in the form of interest as well as tax savings. Can be availed by investing a minimum of Rs.100 and a maximum of Rs.150000 for a period of 5 years. Encash 24- Flexi Deposits: These deposits give returns to the customer on the amount invested and also provide them with the facility of withdrawing cash from the same as and when required by the customer. It is basically a savings account which acts like a deposit account. Fixed Deposit Plus.
Cards are also known as plastic money and are considered to be equivalent to cash. These come in various forms and are handy. The various types of cards being offered by the bank are:
Credit Card: Available in numerous variants enables the customer to purchase things and pay later for the same. Debit Card: Equivalent to holding cash. These cards enable the customer to withdraw cash from ATM’s or swipe the card in order to make payments. Prepaid Cards: Prepaid cards are ideal for gifting purpose. These come in the form of gift cards, meal cards, rewards cards and Smart Pay Card. Commercial Credit Cards Commercial Debit Cards.
Axis Bank extends loans to its loyal customers, thus, helping them realize their dreams by providing sufficient cash at the time of need. The various types of loans offered by the bank are:
Home Loan: Home loans are available in various variants and are generally extended for a period of 15 to 30 years, depending upon the type of home loan being chosen by the customer Personal Loan: Personal loans can be availed by anybody for the purpose of meeting their personal needs. These loans are generally issued for a maximum amount of Rs.15 lakhs and can be availed from any of the branch. Car loan: Car loans are available in three variants and are generally extended for a period of 5 to 15 years, depending upon the type of car loan being chosen by the customer Loan Against Property: The bank offers loans against residential or commercial properties at attractive interest rates. Gold Loan: The bank offers loans by keeping gold or gold jewelry as security in order to provide funds to its customers. Loan Against Fixed Deposits: Disburses loan amounting up to 85% of the value of the customer’s FD. The FD is held as security by the bank in order to disburse the loan amount. Commercial Vehicle and Construction Equipment Loan: Disburses loan in order to help customers buy a new vehicle or get an existing one refinanced. Education Loan: Provides funding to students wishing to receive higher qualifications in technical or professional field.
Axis Bank understands the customer’s need for foreign remittances and hence provides Forex services in order to help them meet their needs and ensure easy availability of cash in foreign countries in case of travel and other matters. The bank offers the below-mentioned services.
Forex Card: With the help of Forex cars, the customer may buy or sell various foreign currencies with great ease. A variety of cards are available with the bank and the customer may select any depending upon his requirement. International Fund Transfer: Helps the customer to remit cash at low cost. Along with being cost effective it’s also hassle free and easy. The customer may transfer cash in and around 150 countries in over 100 currencies. Online Fund Transfer: Helps the customer o transfer funds through an online portal. Foreign Currency Cash: Helps the customer to carry sufficient cash in foreign currency, thus helping him to meet his immediate needs in a foreign country. Foreign Currency Travellers’ Cheque: Helps the customer to carry cheques that are easily acceptable at foreign locations.
Investimentos.
Axis Direct: It’s an investment portal that helps the customer to procure information about the various products that he wishes to invest in. It acts as an investment guide for the investor. Axis Direct can be found in more than 1500 locations spread all over India. Future Planning Solutions: It is a guide that helps the customer choose the right kind of investing depending on the customer’s age, income, and other such related fields. Gold Mohurs: Gold Mohurs are available in various denominations and can be bought from any of the Axis Branch. They come along with proper certification and are tamper proof owing to its packaging. Silver Mohurs: Silver Mohurs can be bought from any of the Axis Bank branches. They come in tamper proof packaging and are 99.99% pure. Mutual Funds: Mutual funds help an investor invest in various funds through a single portal. It is basically a combination of funds which aim to provide maximum returns to the investor. The customer may choose from a variety of funds like Axis Equity Saver Fund, Axis Liquid Fund, Axis Midcap Fund, etc. available at any of the branch. Demat Account: A Demat account is an online account which helps the customer hold his shares in digital form, thus, saving him from the hassles of a physical holding of the same. Shares can be bought and purchased through this account with great ease at the investor’s will. 8% Saving Bonds: Available at a minimum investment of Rs.1000 these bonds offer the investor a return of 8%. It can be bought from specific Axis Bank branches and are issued specifically by the RBI. The customer may select from cumulative or non-cumulative bond options. IPOSmart: this allows the investor to invest in IPOS without having to worry about the transfer of money, as the cash is transferred directly to the bank as and when required. It means that the investor continues to get interested on his invested amount until the time the money is transferred. Alternate Investment Products: It comes in three different variants and is suitable for investors who are willing to take higher risks. The investor may choose from Discretionary Portfolio Management System, Structured Products and Private Equity and Real Estate Fund. Public Provident Fund: A tax-exempted investment that offers the investor returns of 8% on his investment. It is a low-risk investment and is backed by the GOI. Atal Pension Yojana: A pension scheme which assures pension disbursement to all applicants on reaching the retirement age.
The bank has tie-ups with various insurance agencies and it aims to provide the best insurance services to its customers. Let’s have a quick look through the various insurance products being offered by the bank.
Life Insurance: The bank in association with Max Life Insurance Co. Ltd. offers a variety of life insurance products. These products range from simple term plans to ULIPs, endowment and money-back plans as well. General Insurance: The bank, in association with Tata AIG General Insurance Company Limited, offers various general insurance plans excluding health insurance plans. Health Insurance: The bank in association with Apollo Munich Health Insurance offers the below mentioned insurance products.
NRI Banking.
Axis bank offers certain special services to Indians who are settled abroad. They can maintain account with the bank and carry out transactions as per their requirements. Let’s take a quick look in to the various services offered under this category:
NRE Savings Accounts: It is a savings account for people based outside India. Transactions in this account can be carried out via internet or through an authorized relative. The interest earned in this account is 100% tax free. NRO Savings Accounts: It is a savings account for people based outside India. Transactions in this account can be carried out via internet or through an authorized relative. The interest earned in this account is liable to be tax deducted at source. NRI Prime Savings Accounts: It is a step above the general savings account. It offers added benefits to the customer. NRE Salary Account: It allows the customer to hold their earnings in a legal account. it can be opened by any firm who have m10 or more employees working for them. INAAM NRI Personal Account : It is a special type of account designed specifically for NRI’s who do not have any intention of earning interest on the amount being deposited in their savings accounts. Resident Foreign Currency Account: this account can be opened by individuals who have at some point of time stayed abroad but have now come back and are settled in India.
The bank also offers various types of deposits to NRIs which help them to earn revenues on their hard earned money. The different types of deposits being offered by the bank are:
Resident Foreign Currency Term Deposit NRE Recurring Deposit Foreign Currency Non - resident (FCNR) NRI - PRO Foreign Currency Deposit NRO Rupee Deposit NRE Rupee Deposit NRO Recurring Deposit NRI-PRO Rupee Deposit NRI Fixed Deposit Plus.
NRI’S having a valid account with the bank may also apply for certain kinds of loan with the bank in order to meet their financial requirement. The loans are disbursed at attractive interest rates The type of loans available for NRIs is:
General Insurance: NRI’S may also purchase general insurance policies with the bank which will ensure safety and security in financial terms during periods of emergency.
The bank also has various investment schemes for NRI’S. These investments help them reap benefits out of their saved income.
Mutual Funds Portfolio Investment Scheme (PIS) Account 4 in 1 NRI Investment Account Gold Mohurs.
NRI’S may choose to transfer funds to their loved ones residing in India by choosing any of the below mentioned services being offered by the bank.
AXISREMIT Online Wire Transfer Exchange House Correspondent Bank Tie ups.