Gujarat Chief Minister Bhupendrabhai Patel yesterday inaugurated the 5000th branch of Axis Bank in Ahmedabad. Others present on the occasion included Amitabh Chaudhry, Managing Director (MD) and Chief Executive Officer (CEO), Axis Bank and Ravi Narayanan, Group Executive and Head – Branch Banking, Retail Liabilities and Products, Axis Bank, a statement from the bank said yesterday.
Commenting on the inauguration, Chaudhry said in the statement, “…From the first branch at Ahmedabad to the 5000th, we have completed one full circle of growth and progress. Through the years, we have opened thousands of branches across the country, not just in metros and urban centres, but also in the rural heartlands, in hilly terrains, near borders and in some of the most impassable regions, taking us to the Bharat that we want to serve. Every new branch is a step closer to our vision of economic growth, financial inclusion and empowerment of communities, touching and transforming countless Indian lives.”
As on 30th June, 2023, Axis Bank’s branch network stands strong with 4,945 branches, 9,434 ATMs and 6,317 recyclers spread across the geography. Around 29 per cent of its branches are in the metros, while 23 per cent are in urban regions, 31 per cent in semi-urban and 17 per cent in rural regions. The bank has been focussed on building a distinctive model of Bharat Banking to penetrate the semi-urban and rural regions. It has deployed 2,250 Bharat Banking branches and 61,800 Common Service Centre – Village Level Entrepreneurs (VLEs) to bring banking services at the doorstep of the underserved communities, claimed the statement.
Speaking on this milestone branch inauguration, Narayanan also said in the statement, “It’s a proud moment for all of us, as we celebrate this momentous occasion at Axis Bank. The opening of this branch is a true embodiment of our journey of trust, commitment, dedication and excellence. We are delighted to announce that today, we are inaugurating an additional 100 new branches in other parts of the country, to bring banking solutions closer to our customers’ doorstep….”