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Axis Bank

Axis Bank (earlier popular as UTI Bank) began its operations in 1994. It was the first of the new private banks to begin operations in 1994. The bank has been promoted jointly by the Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation Ltd. and its associates, viz., National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd. Presently, the Bank operates through a network of more than 608 branch offices and Extension Counters.

The bank, currently, has a total headcount of 13,389. It works on strong ethical practices and believes in achieving customer satisfaction by providing quality service effectively and
efficiently, maximizing stakeholder value and adding more customers to its base. The Bank has adopted a human resource policy that is not only robust and flexible, but also aims to create and nurture a committed, motivated and knowledgeable pool of talent. The bank hires employees through lateral recruitments as well. With a view to promote rural talents, it recruits aspirants from Tier-II business schools as well. Continuous training, the opportunity to work on challenging tasks, and job rotation are part of the Bank’s talent retention strategy. Training is an area of continuing focus for the Bank in order to ensure that its professionals are equipped to maintain high standards of customer service and are also aware of the latest developments in their specializations. The training system in the Bank focuses on upgrading the professional skills of each individual employee through classroom sessions, outbound training, and in-house and external domain skills programmes. The bank has a well-structured performance-linked scheme of variable pay and employee stock options for all employees across grades and functions.