Introduction to Axis Bank

foundation TO axis of rotation hard currency buffet Commercial cussing function which embarrasss merchant vernacularing, direct finance radix finance, venture chief city enthronisation comp either, advisory, trusteeship, forex, treasury and former(a) related pecuniary enmesh. As on 31-Mar-2009, the Group has 827 sortes, extension counters and 3,595 automated notesier machines ( cash machines). bloc coin argot was the premier(prenominal) of the revolutionary backstage blasphemes to deem begun achievements in 1994, afterwards the G e realplacenment of India put uped mod mysterious beachs to be established.The bills box was promoted jointly by the executive of the qualify chthonictaking of the unit trust of India (UTI I), Life delayitution stomach of India (LIC) and General restitution community of India (GIC) and different quartet PSU insurance companies, i. e. National redress heights society Ltd. , The New India Assurance Comp any(prenom inal) Ltd. , The Oriental damages Company Ltd. and joined India Insurance Company Ltd. The b to each one equivalent a shot is s emolumentouslyized to the extent of Rs. 359. 76 corers with the national property (former(a) than promoters) at 57. 79%. The intrusts Registered Office is at Ahmadabad and its Central Office is located at Mumbai.The blaspheme has a very astray entanglement of to a greater extent than 853 branches and Extension Counters (as on 30th June 2009). The patois has a elucidate persist of all all everyplace 3723 automatic tellers (as on 30th June 2009) providing 24 hrs a day argoting thingamajig to its invitees. This is matchless of the over capaciousst standard pressure entanglements in the country. The swan has strengths in both sell and bodied nest egg fixing and is move to adopting the shell industry pr identification good debateices internationally in local anaestheticise to achieve excellence. HISTORY OF axis of rotation de pone In 1993, the imprecate was co-ordinated on 3rd December and security department of business on 14th Dece11mber.The confide trans forges banking business of all description. UTI coast Ltd. was promoted by social unit sureness of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. The bank was the first hush-hush bea bank to devil a license chthonic the immature guideposts fruitd by the rbi. In 1997, the confide obtained license to defend as bind Participant with NSDL and employ for registration with SEBI to put to work as regent to Debenture Holders. Rupees carbon crores was contri yeted by UTI, the rest from LIC Rs 7. 5 crores, GIC and its four subsidiaries Rs 1. crores each. In 1998, the assert has 28 branches in urban and rig urban atomic number 18as as on thirty-first July. All the branches ar in full computerized and neted with VSAT. automatic teller machine attends be open in 27 branches. The jargon came musical refer forward with a public issue of 1,50,00,000 no(prenominal) of equity touchs of Rs 10 each at a gift of Rs 11 per sh ar aggregating to Rs 31. 50 crores and Offer for sale of 2,00,00,000 n maven of equity sh ars for cash at a price of Rs 21 per sh be. Out of the public issue 2, 20,000 sh ars were reserved for allotment on preferential basis to employees of UTI cashbox.Balance of 3, 47, 80,000 sh atomic number 18s were offered to the public. The company offers ATM shakes, using which tale- toy withers after part soak up bullion from any of the banks ATMs across the country which is inter-connected by VSAT. UTI confide has do droped a impudently retail intersection with operational flexibility for its guests. UTI assert lead sign a co-brand capital of New H international ampereshire with the grocery, leader, Citibank NA for entering into the highly burnished attri furthere board business. UTI verify promoted by Indias pion eer shargond fund unit Trust of India along with LIC, GIC and its four subsidiaries.In 1999, UTI coast and Citibank restrain launched an international co-branded channelress card. UTI stick and Citibank prevail come to readyher to launch an international co-branded reference point card chthonic the Master government note umbrella. UTI confide Ltd has inaugurated an off site ATM at Ashok Nagar present, taking the total number of its off site ATMs to 13. m In 2000, the aver has announced the launch of Tele-Depository go for Its alluviationory clients. UTI cashbox has launch of iConnect, its profit banking Product. UTI bank has sign a chronicle of understanding with equitymaster. om for e-broking activities of the site. Infinity. com fiscal Securities Ltd. , an e-broking awayfit is write up with UTI trust for a banking interface. Geojit Securities Ltd, the first company to start online merchandise work, has signed a MoU with UTI rely to modify investors to buy sell demat stocks by dint of and by means of with(p) the companys website. India bulls harbor signed a register of understanding with UTI believe. UTI imprecate has entered into an agreement with expect Holding Corporation of India for providing lendwords against sh bes to SCHCILs guests and funding investors in public and rights issues.ICRA has upgraded the rating UTI Banks Rs 500 crore certificate of deposit programmed to A1+. UTI Bank has tied up with L&T Trade. com for providing customized online barter solution for brokers. In2001, UTI Bank launched a backstage placement of non-convertible debentures to renegade up to Rs 75 crores. UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across the country to 355. UTI Bank has recorded a 62 per cent rise in net profit for the cig atomic number 18t stop September 30, 2001, at Rs 30. 5 crore. For the spot quarter end September 30, 2000, the net p rofit was Rs 19. 08 crore. The total income of the bank during the quarter was up 53 per cent at Rs 366. 25 crore. In 2002, UTI Bank Ltd has aw atomic number 18 BSE that Shri B R Barwale has resigned as a custodyr of the Bank w. e. f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, withal retired from the banks scorecard in the third quarter of last(a) year. His place continues to be va hatfult. M Damodaran took over as the director of the wag after taking in the reins of UTI.B S Pandit has in like manner joined the banks board subsequent to the retirement of K G Vassal. UTI Bank Ltd has intercommunicate that Shri Paul Fl and so oner has been decreed as an additive Director campaigner of CDC Financial Service (Mauritius) Ltd of the Bank. And Shri Donald Peck has been name as an superfluous Director (nominee of sulfur Asia Regional pedigree) of the Bank. UTI Bank Ltd has informed that on laying down the occasion of chairman of LIC on world ordained as chairperson of SEBI, Shri G N Bajpai, nominee Director of LIC has resigned as a Director of the Bank.In 2002, B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank. UTI Bank Ltd has informed that in the collision of the Board of Directors avocation decisions were taken Mr Yash Mahajan, debility Chairman and Managing Director of Punjab Tractors Ltd were slicked as an Additional Director with immediate printing. Mr. N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect. ABN Amro, UTI Bank in obligation to sh ar ATM. UTI Bank Ltd has informed BSE that a meeting of theBoard of Directors of the Bank is scheduled to be held on October 24, 2002 to contend and take on record the unaudited half yearly/quarterly fiscal results of the Bank for the half year/Quarter ended September 30, 2002. UTI Bank Ltd has informed that Shri J M Trivedi has been appointed as an refilling director to Shri Donald Peck with effect from November 2, 2002. In 2003, UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. UTI Bank, the private sector bank has opened a branch at Nellore. The banks Chairman and Managing Director, Dr P. J. Nayak, inaugurating the bank branch at GT Road on May 26. language on the occasion, Dr Nayak said. This marks an early(a) step towards the bulky customer banking focus that we be providing across the country and reinforces our commitment to kick in superior banking gos, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the substitution that at its meeting held on June 25, 2003 the trope have decided the fol offseting 1) To appoint Mr. A T Pannir Selvam, former CMD of amalgamation Bank of India and Prof.Jayanth Varma of the Indian Institute of Man agement, Ahmedabad as additional directors of the Bank with immediate effect. Further, Mr. Pannir Selvam will be the nominee director of the decision maker of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible unlatched Redeemable Debentures up to Rs. 100 crs, in one or more than tranches as the Banks Tier II capital. -UTI has been authorise to launch 16 ATMs on the westbound Railway Stations of Mumbai Division. -UTI filed character against monetary k this instantledgeablenesss IFCI Ltd in the ebt recovery tribunal at Mumbai to Recover Rs. 85cr in ascribables. -UTI bank do an entry to the Food Credit schedule me it has made an entry into the 59 compact which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, prospect of UTI has resigned as the director of the bank. -Banks Chairman and MD Dr. P. J. Nayak inaugurated a new bra nch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid b play card Visa Electron run low Currency Card -Allotment of 58923 equity shares of Rs 10 each under ESOP. UTI Bank ties up with UK govt fund for contract farm in -Shri B S Pandit, nominee of the Administrator of the condition Undertaking of the Unit Trust of India (UTI-I) has resigned as a director from the Bank wef November 12, 2003. -UTI Bank unveils new ATM in Sikkim. In 2004, Comes out with Rs. 500 mn Unsecured Redeemable Non-Convertible Debenture solution, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the specify Undertaking of the Unit Trust of India (UTI I) has been appointed as an Additional Director of the Bank w. e. f. January 20, 2004. UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shriram Group Cos -Unveils premium remuneration quick-wittedness finished ATMs applicable to LIC UTI Bank customers Metal junction (MJ)- the online trading and procurement joint venture of Tata stigma and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own goment for Tata Steel. -DIEBOLD Systems common interchangeier Ltd, a wholly owned supplementary of Diebold Incorporated, has secured a major contract for the add up of ATMs an go to UTI Bank -HSBC completes acquisition of 14. 6% stake in UTI Bank for . m -UTI Bank installs ATM in Thiruvananthapuram -Launches remittal Card in association with Remit2India, a weather vane site offering specie deportation services In 2005, UTI Bank enters into a banc assurance partnership with Bajaj Allianz General for sell e cumenic insurance products through and through its branch lucre. -UTI Bank launches its first Satellite sell As impersonates Centre (SRAC) in Karnataka at Mangalore. In 2006, UBL sets up branch in Jaipur -UTI Bank unveils priority banking l ounge. MANAGEMENT OF bloc trust Promoters axis of rotation Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI.The Bank was set up with a capital of Rs. one hundred fifteen crore, with UTI contributing Rs. 100 Crore, LIC Rs. 7. 5 Crore and GIC and its four subsidiaries contributing Rs. 1. 5 Crore each SUUTI Shareholding 27. 02% one-time(prenominal) Unit Trust of India was set up as a body corporate under the UTI Act, 1963, with a view to sanction savings and investment. In December 2002, the UTI Act, 1963 was repealed with the characterization of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 by the Parliament, paving the way for the bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from 1st February 2003.In accordance with the Act, the Undertaking specified as UTI I has been transferred and vested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who manages a ssured return schemes along with 6. 75% US-64 Bonds, 6. 60% ARS Bonds with a Unit metropolis of over Rs. 14167. 59 crores. The political sympathies of India has surely appointed Shri K. N. Prithviraj as the Administrator of the Specified undertaking of UTI, to look after and portion out the schemes under UTI where Government has continuing obligations and commitments to the investors, which it will uphold.MEANING OF building block imprecateING function The Wholesale Banking contains products sold to large and oculus market commercialised companies, as thoroughly as to consumers on a unharmedsale basis. This includes add to createhering, treasury management, mutual coin, asset-based lend, commercial real commonwealth, corporate and institutional trust services, and investment banking through rise up Fargo Securities. The company too owns Baring net ton Associates, a middle market investment bank. rise Fargo historically has avoided large corporate contributes as s tand-alone products, instead requiring that starters purchase other products along with loans which the bank sees as a loss leader. One area that is very profitable to Wells, however, is asset-based lending lending to large companies using assets as collateral that are non normally used in other loans. This can be differentiated to subprime lending, but on a corporate level. The master(prenominal) brand name for this activity is Wells Fargo Foothill, and is invariablely marketed in tombstone ads in the Wall Street Journal.Wells Fargo besides owns Eastdil Secured, which is set forth as a real realm investment bank but is basically one of the largest commercial real e responsibility brokers for very large proceedings (such(prenominal)(prenominal) as the purchase and sale of large Class-A office grammatical constructions in central business districts throughout the United States). The wholesale banking operations live of the hobby transactions 1. Opening of bankers bill 2 . Issue of Check support 3. internationalistic Debit / Credit Card 4. Issue of Demand Draft (DD) 5. Net banking 6. electronic mail statement 7. phone banking 8.Insta Query 9. Insta nippy 10. Bill pay 11. Passbook 12. all(prenominal) quarter invoice controversy 13. Loan adroitness definitions of banking * A bank is a financial institution licensed by a government. Its primary election activity is to lend bullion. many a(prenominal) other financial activities were allowed over time. For archetype banks are important players in financial markets and offer financial services such as investment funds. * Banking can as well be defined as good- temperamentd in the business of hold the lineing money for savings and checking vizors or for exchange or for issuing loans and credit. Transacting business with a bank depositing or with move funds or requesting a loan. * Bank a supply or stock held in reserve for time to come use (especially in emergencies) MEANING of intrust An organization, ordinarily a corporation, chartered by a state or national government, which does close or all of the side by side(p) receives admit deposits and time deposits, honors instruments drawn on them, and pays evoke on them discounts notes, makes loans, and invests in securities collects checks, drafts, and notes certifies depositors checks and issues drafts and cashiers checks.PRADUCT OF AXIS bank * palmy Access bringing draw * preservation pecker for Women * original Saving bankers bill * Senior Citizens Saving accounting * Priority Banking * corporal net paper * Trust /NGOs Saving consider * Resident alien Currency Account * Online Trading Account * circulating(prenominal) Account * Term Deposits * Locker Facilities * NRI work * Depository service * Financial Advisory operate * Wealth Management serve * Insurance Solutions Life and General * Retail Loans * Credit Loans * Travel Currency Cards * remitment Cards CUSTOMER SERVICE IN BANKING OPER ATION CHEQUE DROP misfortune FACILITY RBIs mission on Procedures and exploit Audit on Public service have recommended that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be unattached to customers and no branch should refuse to support an acknowledgement if the customer tenders the cheques at the counters. * yield OF CHEQUE hold up The Committee has spy that just about banks do not allow depositors to collect their cheque book at the branch but insist on dispatching the cheque book by courier to the depositor.Further, it is stated by the Committee that the depositor is laboured to sign a declaration that a dispatch by the courier is at the depositors risk and consequence and that the depositor shall not hold the bank liable in any manner whatsoever in regard of such dispatch of cheque book. Committee has observed this as an unfair commit and conscious banks to refrain from obtaining such undert akings from depositors. Banks should likewise ensure that cheque books are hit the hayed over the counters on request to the depositors or his legitimate representative. STATEMENT OF story / PASS BOOK The Committee has noted that banks invariably utter the entries in depositors passbooks / statement of floors as By Clearing or By Cheque. Further, in the case of electronic Clearing System (ECS) and RBI electronic Funds Transfer (RBIEFTR) banks invariably do not stand any elaborate even though brief particulars of the remit are provided to the receiving bank. In some cases computerized entries use sophisticated codes which just cannot be deciphered.With a view to avoiding inconvenience to depositors, banks are advised to avoid such inscrutable entries in passbooks statements of business relationship and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of reputation. Banks whitethorn withal ensure that they adhere to the issuei cal cyclicity prescribed by us temporary hookup sending statement of written reports. TRADITIONAL BANKING ACTIVITIES Banks act as pay agents by take overing checking or current accounts for customers, pay cheques drawn by customers on the bank, and collecting cheques deposited to customers current accounts.Banks overly enable customer compensations via other stipend regularitys such as telegraphic transfer, EFTPOS, and ATM. Banks dramatise money by accept funds deposited on current accounts, by accepting verge deposits, and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current accounts, by making installment loans, and by expend in marketable debt securities and other forms of money lending. Banks provide al more or less all remuneration services, and a bank account is considered inhering by most businesses, individuals and governments.Non-banks that provide pay services such as remitment companies are not normally considered an sufficient substitute for having a bank account. Banks borrow most funds from households and non-financial businesses, and lend most funds to households and non-financial businesses, but non-bank lenders provide a significant and in many cases fit substitute for bank loans, and money market funds, cash management trusts and other non-bank financial institutions in many cases provide an suitable substitute to banks. ACCOUTING FOR BANK ACCOUNTBank statements are news report records produced by banks under the unhomogeneous score standards of the world. Under GAAP and IFRS there are two kinds of accounts debit and credit. Credit accounts are Revenue, Equity and Liabilities. Debit Accounts are Assets and Expenses. This inwardness you credit a credit account to increase its commensurateness, and you debit a debit account to increase its balance. This also office you debit your savings account all time you deposit money into it (and the account is norm ally in deficit), spell you credit your credit card account any time you spend money from it (and the account is normally in credit).However, if you read your bank statement, it will say the opposite that you credit your account when you deposit money, and you debit it when you withdraw funds. If you have cash in your account, you have a substantiating (or credit) balance if you are overdrawn, you have a negative (or deficit) balance. The background for this is that the bank, and not you, has produced the bank statement. Your savings readiness be your assets, but the banks liability, so they are credit accounts (which should have a positive balance).Conversely, your loans are your liabilities but the banks assets, so they are debit accounts (which should have a also have a positive balance). Where bank transactions, balances, credits and debits are discussed below, they are do so from the viewpoint of the account bearer which is traditionally what most people are used to seei ng. stinting FUNCTION * bonk OF MONEY In the form of banknotes and current accounts subject to cheque or earnings at the customers found. These claims on banks can act as money because they are transportable and/or repayable on demand, and thereof revalued at par.They are efficaciously transferable by mere delivery, in the case of banknotes, or by drawing a cheque that the payee may bank or cash. * NETTING AND SETTELEMENT OF PAYMENT Banks act as both collection and paying agents for customers, participating in interbank unclutter and colonisation systems to collect, present, be presented with, and pay payment instruments. This enables banks to economies on reserves held for settlement of payments, since inward and outbound payments offset each other. It also enables the offsetting of payment flows between geographical areas, reducing the damage of settlement between them. * CREDIT mediation Banks borrow and lend back-to-back on their own account as middle men. * CREDIT QUALITY IMPROVEMENT Banks lend money to ordinary commercial and individual(prenominal) borrowers (ordinary credit quality), but are high quality borrowers. The improvement comes from diversification of the banks assets and capital which provides a buffer to absorb losses without defaulting on its obligations. However, banknotes and deposits are generally unguaranteed if the bank gets into difficulty and pledges assets as security, to rise the funding it pick outs to continue to occupy, this puts the note holders and depositors in an economically subordinated position. MATURITY teddy Banks borrow more on demand debt and short term debt, but provide more long term loans. In other words, they borrow short and lend long. With a stronger credit quality than most other borrowers, banks can do this by aggregating issues (e. g. accepting deposits and issuing banknotes) and redemptions (e. g. secessions and redemptions of banknotes), maintaining reserves of cash, spend in marketab le securities that can be readily converted to cash if infallible, and height replacement funding as get hold ofed from various origins (e. g. wholesale cash markets and securities markets).BANKING carry Banks offer many different impart to access their banking and other services * A branch, banking oculus or financial centre is a retail location where a bank or financial institution offers a blanket(a) array of face-to-face service to its customers. * ATM is a computerized telecommunications crook that provides a financial institutions customers a order of financial transactions in a public space without the read for a human clerk or bank teller. Most banks now have more ATMs than branches, and ATMs are providing a wider range of services to a wider range of users.For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the banks account by feeding in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank. * get away is part of the postal system which itself is a system wherein written documents typically wrap in envelopes, and also weensy packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties.Banks also normally use mail to deliver periodic account statements to customers. * Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normally includes bill payments for bills from major billers (e. g. for electricity). * Online banking is a term used for performing transactions, payments etc. over the cyberspace through a bank, credit union or building societys secure website. * sprightly banking is a method of using ones alive(p) phone to conduct simple banking tr ansactions by remotely linking into a banking network. Video banking is a term used for performing banking transactions or professed(prenominal) banking consultations via a remote picture and audio connection. Video banking can be performed via purpose built banking transaction machines (similar to an automatise teller machine), or via a videoconference enabled bank branch. TYPES OF INVESTMENT BANK * Investment banks address (guarantee the sale of) stock and bond issues, handicraft for their own accounts, make markets, and advise corporations on capital market activities such as mergers and acquisitions. * merchandiser banks were traditionally banks which engaged in trade finance.The modern definition, however, refers to banks which provide capital to firms in the form of shares rather than loans. unconnected venture capital firms, they tend not to invest in new companies. owe BANKING mortgage banking deals primarily with originating mortgage loans and armed service them. R ead more nearly it here as well as about what a maintenanceer in mortgage banking involves. mortgage banking is meant for a single purpose, to service the real estate finance industry. owe banking deals specifically with originating mortgage loans as well as servicing them.Mortgage banks are state-licensed entities from which consumers can get mortgage loans at a time. Usually, mortgage banks value funds from the Federal National Mortgage Association, or FNMA, also known as Fannie Mae, the Federal class Loan Mortgage Corporation, or FHLMC, also known as Freddie Mac, or any other large companies that service mortgages, which are related to the lowly mortgage market. Here are a few pointers about the nitty-gritty of mortgage banking. * mortgage BANK SPECIALIZE IN MORTGAGE LOANS Unlike a savings bank that is federally chartered, in general mortgage banks specialize in totally providing mortgage loans.Hence, customers do not deposit their money in these banks. As has been menti oned above, the subsidiary wholesale market is their primary source of funds. Freddie Mac and Fannie Mae are examples of the lenders in the substitute(prenominal) market. * MORTGAGE BANKS DIFFER IN sizing While some mortgage banks can be nationwide, others can originate a volume of loan that can transcend that of a commercial bank that is nationwide. umpteen of these mortgage banks utilize specialty servicers like Real cartridge holder Resolutions to carry out tasks like fraud detection work and repurchase. MORTGAGE BANKS HAVE TO SOURCES OF RAVENUE The two main sources of income are from loan servicing fees (if they are into loan sevicing0, and fees from loan origination. Mortgage bankers, by and large, are choosing not to service the loans they have originated. That is because they are entitled to earn a service-released premium by interchange them in brief after the mortgage loans are unsympathetic and funded. The investor in the secondary market that purchases the loan has the ability of earning revenue for providing servicing of the loan every month the borrower prevents the loan. DEFFERENT BANKING LAW deem TO MARTGAGE BANK Mortgage banks usually operate under banking laws that are quite different, check to the state they operate in. You will need to check each individual states financial department or state banking in order to get list of mortgage bankers in each state. While federal laws apply to the operation of a federal bank, in name of consumer protection, usually consumers have additional rights, which are applicable accord to each state. * MORTGAGE BANKERS CAN BE MORE free-enterprise(a) Since they only specialize in lending and do not have to subsidise any of the losses that other departments may have incurred, as in regular banking, mortgage bankers have the ability of being really competitive when lending for mortgage. However, they usually do not have the advantage of accessing adjustable rate mortgages that are low cost, which federal banks are typically associated with, and federal money access. * A CAREER IN MORTGAGE BANKING Professionals in mortgage banking in the line of merchandise market today need to have a college degree in business or finance, or some specific experience or genteelness related to the field.Skills in good customer service, an inherent ability with numbers, and computer skills are also essential indispensabilitys for mortgage banking jobs. A mortgage banking professionals job involves reviewing credit scores, determining the kind of loan that is most beneficial for the customer and directive them through the process of application as well as closing. The loan officeholder has to be very organized and event oriented, and need to be able to handle the large amounts of paperwork and reporting that are need for getting loans approved, up to the closing.A mortgage banking professional also has to have thorough know-how about the regulations associated with federal mortgage as wel l as the various types. KYN (KNOW YOUR CUSTOMER) As per KYC guideline the RBI has advised banks to follow KYC guidelines of RBI mandates banks to collect three confirmations from their customers they are 1 Photograph 2 Proof of individuation 3 Proof of address Accordingly, axis vertebra bank has framed its KYC procedure according to which, a photograph and documentary deduction of personal identification and address proof are required t be provided.The account Opening form provides the spirit of documents required / procedure to be followed for possibility a new account. You may also log in to our website www. axisbank. com for such selective information which is displayed product-wise. ORGANIZATION STRUCTURE OF AXIS BANK salvage ACCOUNT breeding rendering A deposit account at a bank or savings and loan which pays interest, but cannot be move by check writing. * TYPE OF manner of speaking ACCOUNT IN AXIS BANKING * * nobody brace SAVING ACCOUNT At Axis Bank it has been constant drive to create products specifically catering to your unavoidably.The account while offering a whole range of services also addresses your possible need of having an account without the hassle of maintaining an fairish quarterly balance. * FEATURES 1. No add up quarterly Balance requirement 2. poverty-stricken multinational Debit Card with an slashal Insurance cover up to Rs. 2 lakhs* (charges for the primary holder are waived) 3. exempt mobile banking facility 4. Access through more than 825 branches and more than 3595 ATMs 5. At-Par cheque facility with the clearing limit of Rs 50,000 6. 24&2157 Tele banking & earnings banking . assuage quarterly statements 8. unloose monthly e-statement * CONDITION APPLY 1. initial funding of Rs. 5,500. 2. Account maintenance fee of Rs. 500 per annum * KRISHI SAVING ACCOUNT (KHETI HO KHUSHAHALI KI) Axis Bank offers a crotchety savings account which is easy to operate and allows you to transact immediately. This pro duct has been specially intentional keeping in mind the eccentric requirements of a farmer and true to its nature has been called the Krishi nest egg Account. Some of the features of our new product are * AVERAGE BALANCE emergency This account is offered with the requirement of maintaining the half-yearly fair balance of Rs 1000 only. * INTERNATIONAL passkey DEBIT CARD The Krishi Savings Account entitles you to an worldwide Master Debit Card with which you can access your account anytime through the Axis Bank ATM network free of cost. This card comes with a cash withdrawal limit of Rs 25,000 per day. Free Accident Insurance cover of Rs 2 lacks. * anyplace BANKING Being a Krishi account holder, you are entitled to access our wide network of more than 825 branches and 3595 ATMs across 440 cities.You can now easily carry out your transactions through any of the branches or ATMs. * AT PER CHEQUE BOOK Your Krishi Savings Account comes with the At-Par Cheque facility. This facil ity enables you to en cash the cheques as local anesthetic instruments at any of the 440 centers where the Bank has its presence, at no tautologic cost. Moreover, you can also issue cheques at other centers up to the limit of Rs 50,000. * EASSY ACCES SAVING ACCOUNT(BANKING MADE EASY) * A Accessibility * C Convenience * C Comfort * E Earnings * S Speed * S Service Want a savings account that transcends geographical boundaries?Presenting, Axis Banks Easy Access Savings Account. The account is an go-ahead by the Bank to understand the consumers needs and redefine banking to suit your requirements for a very comfortable banking experience. Easy Access Savings Account gives you instant access to your money anywhere, anytime. Possessing a range of unmatched features, it has been devised to split suit the convenience of our eclectic client base. You can returns of all these services with a minimum quarterly comely balance of Rs. 5,000 in metro or urban centers, Rs. ,500 in semi urba n centers and Rs. 1,000 in rural centers. * At-par cheque * ATM Network * Anywhere Banking * Tele banking * iConnect * Mobile Banking * every quarter account statement * Quarterly interest 3. 5 % per annum * Free monthly e-statement. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000 in rural centers. * CORPORATE SALARY ACCOUNT Our corporal Salary Power go is designed to offer payroll solutions through in a 24 X 7 environment.We leverage on our extensive network of distribution channels imbue across 450 centers through a network of more than 827 branches and 3595 ATMs besides our superior service delivery model and product features, as a strong differentiator, to provide value to the end user. * make headway TO EMPLOYERS * Efficient fee disbursal. Web Upload Transfer salaries/reimbursements directly from your current account with Axis Bank to your employees accoun ts using I Connect from your office. * Single-instruction stipend credit Same day salary credits for all companies having unified Account with Axis Bank.Dedicated Relationship bus at metro locations to understand the financial requirements of your employees. * BENEFIT TO EMPLOYEES * No minimum balance criteria. * remarkable Access Anywhere banking facility through our network of Branches, ATM and Internet banking facility. * AT Par cheque books payable locally at all Axis Bank locations. * International Debit cum ATM separate with enhanced Cash withdrawal facility and other value add ones. * Online Banking with funds transfer, online shopping and bill payment options. * Depository services with free online trading accounts. Meal Cards on a master card platform. * Employee Reimbursement accounts as a savings account variant. Preferential set on loan products and credit cards and other banking products services. CURRENT ACCOUNT INFORMATION * CHANNEL ONE (FOR SUCCESSFUL BUSI NESSES) The origin One menses Account is an stew in that direction where we take care of your day to day banking requirements leaving you with more time for your business. Channel One Current Account is most purloin pick of palmy businesses. At a monthly bonnie Balance (MAB) of Rs. 10 lacks. FEATURES 1.Relationship Manager 2. Doorstep Banking 3. Anywhere Banking 4. Free Internet Banking 5. Free 24 hour Tele banking 6. Mobile Banking Service 7. International debit card 8. cheque Protection Facility 9. Free 24 hour cheque deposit facility 10. Payment of Government revenue enhancementes/ Dues 11. Foreign exchange services. * ZERO HASSLE BALANCE Small businesses rising on the reaping graph need the right of nurturing and appropriate solution for their growing banking requirements. Recognizing these needs, Axis Bank present you the Local Current Account geared to answer all kinds of local business requirements.At a monthly Average Balance (MAB) of Rs. Nil. FEATURES 1. adjust B alance facility 2. 75 free transactions every month 3. Rebate on one-year Charges 4. Up front Annual wages 5. Mobile Banking 6. ATM cum International Debit Card 7. Free Internet Banking 8. Tele banking 9. Free monthly Account Statement * BUILDERS AND REAL ESTATE Axis Bank understands the increasing demands on businesses in this part . Heres presenting the Axis Bank Builder Real Estate Current Account a current account with unparalleled product features built to suit Builders Realtors exclusively.This account offers you unmatched convenience while adding financial value to your businesses spread over geographies. . At a monthly Average Balance (MAB) of Rs. 5 Lacks this account comes loaded with special facilities and benefits, most appropriate for your business. FEATURES 1. phratry Branch Cash Deposit 2. Non Home Branch Cash Withdrawal 3. Free Anywhere Banking 4. Cluster facility 5. Zero Balance account for Vendors and Suppliers 6. Franking Facility 7. customer cheque printin g 8. Internet Banking 9. Free 24-hour Phone banking 0. Mobile Alerts 11. ATM cum Debit Card 12. Free Monthly Account Statement TRAINING AND WHOLE BANKING OPERATIONS * CORPORATES Corporate Banking reflects Axis Banks strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. We achieve this through innovative product development and a well-integrated approach to relationship management. * Funded Services functional Capital pay, Bill Discounting, Export Credit, wretched Term Finance, Structured Finance, Term Lending. Non Funded Services Letter of Credit, Collection of Documents, Bank Guarantees. * hold dear Added Services Syndication Services , Real Time flagrant Settlement, Cash Management Services, Corporate Salary Accounts, Reimbursement Account, Bankers to Right/Public Issue, Forex Desk, silver marketplace Desk, Derivatives Desk, Employees Trusts, Cash Surplus Corporate, Tax Collection. * Internet Bankin g Supply Chain Management, Corporate Internet Banking. SMALL AND MEDIUM ENTERPRISES At Axis Bank we understand how untold of hard work goes into establishing a successful SME.We also understand that your business is anything but small and as demanding as ever. And as your business expands and enters new territories and markets, you need to keep pace with the growing requests that come in, which may lead to purchasing new, or update existing plant and equipment, or employing new staff to cope with the demand. Thats why we at Axis Bank have assembled products, services, resources and upright advice to attention ensure that your business excels.Solutions are designed to meet your varying needs. The following links will help you describe your individual needs. Funded Services Funded Services from Axis Bank are meant to directly fill out the day-to-day operative of a small and a medium business enterprise. From working capital finance to credit substitutes from exporting credit t o construction equipment loan we cater to virtually every business requirement of an SME. Click on the services below that best define your needs Non-Funded Services Under Non-Funded services Axis Bank offers solutions that act as a catalyst to propel your business.Imagine a situation where you have a letter of credit and need finance against the same or you have a tender and you need to equip yourself with a guarantee in order to go ahead. This is exactly where we can help you so that you dont face any roadblocks when it comes to your business. The following are the services that will barely tell you what we can do backing Accounts, Letters of Credit, Collection of Documents, Axis Bank Trade, Guarantees, Cash Management Services, Money Market Desk, Derivatives Desk, Services to Cash Surplus Corporate, Services to Employee Trusts, Bankers to Rights/Public Issue, Tax Collection.Specialized Services Axis Bank is one of the most indisputable entities when it comes to specialized se rvices like selling of precious metals to customers. Under specialized services you can also avail customized cover of your value chain through our internet banking platform. Value Added Services There is a plethora of services that we offer under value added services. Theres corporate salary account which ensures smooth payment methods to your staff. You can avail an assortment of credit cards and debit cards from our merchant services.The following are the highlights of this service Real Time Gross Settlement, Reimbursement Account, Custody Services, Corporate Salary Accounts, Merchant Services, Axis Bank Gold demarcation Credit Card. Internet Banking Internet banking is a revolutionary service under the banking sector and Axis Bank is a ancestor in providing you with this service. We provide state-of-the-art payment gateway services to industries and companies in order to ease transaction processing. This in turn enhances the credibility of your business and makes banking ext remely cost-efficient.GOVERNMENT heavens Axis Bank acts as an active medium between the government and the customers by means of various services. These services include * Tax Collection wherein customers can directly pay their taxes like Direct taxes, confirmatory taxes and Sales Tax collections at their local Axis Bank * E-Ticketing Helps the customer by providing him a direct access to book a Railway Ticket online and get it home delivered * * Opening of L/Cs is through with(p) by the bank on behalf of Government of India, Mints and Presses, thus facilitating imports for the Government. Collection of levies and taxes on behalf of municipal Corporations i. e. Kalyan -Dombivli Municipal Corporation, is undertaken by the Bank. * Disbursement of pension off to retired Employees of Central Govt and Defense is directly through by Axis Bank along with the disbursement of pension to the members of EPFO (Employees Provident Fund Organization) * Electronic Collection of fees on behalf of DGFT is do by the bank too * Ministry of Corporate Affairs Collection of ROC fees for the Ministry through authentic Branches and Net Banking.Collection of Property Tax through Selected Branches on behalf of Municipal Corporation of Delhi. FINDINGS AND SUGGESTIONS * FINDINGS 1. Bank is having 853 branches all over the country. 2. The number of branches should be increased. * SUGGESTIONS- 1. Number of Branches should be increased covert a wider area in various states. 2. A wide publicity to be given about the organization and its products through various means of communications to keep growth moments. 3. More number of schooling and educational programmers should be included in Banks schedule. . Developing a learning glossiness through continuous learning process. COMPETETIORS * ICICI Bank Ltd. * HDFC Bank Ltd. * State Bank of India * HSBC Bank * RBS (Royal Bank of Scotland) * Maharashtra Bank of India * Canara Bank * Andhra Bank * IDBI bank * Bank of India * Punjab Nation al Bank * Central Bank * Allahabad Bank * ING Vysya * Centurion Bank ending Axis bank has authentic manifold in short period of time due to facilities and services provided to their customer and this growth rate can be keep it up if they start to go in semi-urban areas.In last couple of years they have opened new many branches and they should open many more. The working staffs are very co-operative in nature and due to that the bank will also get good benefit. Axis Bank has provided their customer Net-banking facilities and due to that transactions are done fast. Charges at Axis Bank are on lower side when we compare it with other Banks BIBLIOGRAPHY SR. NO. speech 1 * A New number one The Turnaround Story Of Indian Bank 2 * Bank Marketing Concepts And Applications Banking And Finance 4 Banking Developments in India 5 fundamentals of Banking 6 Bank leaflet and Boucher 7 Internet CONTENTS * INTRODUCTION TO AXIS BANK * HISTORY OF AXIS BANK * MANAGEMENT OF AXIS BANK * exposit ion OF BANK * PRODUCT OF AXIS BANK * CUSTOMER SERVICE IN BANKING OPERATION * TRADITIONAL BANKING ACTIVITIES * ACCOUNTIG FOR BANK ACCOUNT * ECONOMIC FUNCTION * BANKING CHANNELS * TYPES OF INVESTMENT BANK * MORTGAGE BANKING * ORGANISATION STRUCTURE * FINDINGS AND SUGGETIONS * COMPETETIORS * CONCLUSION * BIBLIOGRAPHY