Axis Bank Share Price Target 2024-2030 Fundamentals & Quarterly Results

Axis Bank Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results- Axis Bank Limited, a private bank, was founded in the month of December 1993. It has the third highest number of branch networks in the private sector banks and has international branches in DIFC (Dubai), Singapore and representative offices in Abu Dabhi, Sharjah, Dhaka, and Dubai and there is also an offshore banking unit in GIFT City.

Axis Bank Overview

The organization used to be referred to as UTI Bank Limited and in July 2007 has since rebranded to Axis Bank Limited. Axis Bank Limited was formed in the year 1993 and is based in Mumbai, India. The bank is also global in the sense that it has a branch in Singapore as well as in Dubai, and also has representative offices in Dhaka, Dubai, Abu Dhabi and Sharjah.

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Axis Bank Business Profile

Axis Bank Ltd (Axis Bank) is a financial institution that offers both personal and business banking and related financial services. The portfolio of personal banking services consists of accounts, deposits, cards, loans, investment solutions, services for Non-Residents Indian (NRI), and agricultural and rural banking. In Business Banking, one finds corporate accounts, corporate loans, capital market services, trade, and forex; and Treasury services comprises of foreign exchange, derivatives, equity and mutual funds. Additional, the Institute offers life, health, travel, motor, and business insurances. It offers services to individuals, corporates, small and medium enterprises, government entities and Non-Resident Indians. The institution is present in India, the United Kingdom, Bangladesh, Singapore and the UAE.

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Branch Network

For the fiscal year 2024, the Bank’s network expanded by 475 more branches (125 in Q4FY24). Currently, it has a network of 5377 branches and 16026 ATMs and Cash recyclers. The state-wise distribution of branches is given below:

Metro – 31%
Semi-urban – 29%
Urban – 23%
Rural – 17%

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Retail Book

The composition of retail portfolio in terms of loans is home loans constituting 28% of it, followed by rural loans which account for 16%, loans against property 11%, automobile loans 10%, unsecured personal loans standing at 12%, small business banking 10%, credit cards occupying 7%, commercial equipment loans at 2 percent and finally the rest of the 4 percent others.

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Banks also make retail fees from several channels. This constitutes 74% of total fees. Retail cards contribute to 42 percent of the fees, followed by third party products (27%), retail assets (17%) and the remaining 14 percent fees are contributed from retail liabilities and other channels.

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Digital Banking

In FY24, it was observed that 96% of all digital transactions were completed successfully, 87% of the Credit cards issued were sourced online, 70% of new savings accounts were opened via the internet, 74% of MF SIP Growth was achieved through online channels, and 53% of personal loans extended were sourced through the digital platform.

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Axis Capital Ltd

Contribute to solutions with a specific emphasis on Investment Banking and Institutional Equities. 90 IB deals worth of closure in FY24 including 52 ECM deals and 7 M&A deals. 2nd position in rank of the firm’s ECM deals closed.

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A.Treds Ltd

This company is primarily involved in the promotion of financing of trade receivables. RBI has pre-approved three entities among which it introduced the Trade Receivables Discounting System (TReDS) which is a modern clearinghouse for ensuring cash flows in the MSME sector. Through its digital invoice discounting platform ‘Invoicemart’, the finance of MSME invoices worth about Rs. 1,04,000 Crores has been achieved, setting a new record.

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Axis Trustee Services Ltd

It’s registered with SEBI and has been actively performing various trusteeship functions, which include debenture trusteeship, security trusteeship, security agency, agents to lenders, trusteeship for securitization and escrow management, among other activities. Total Assets under Trust: ₹39,04,153 Cr. 24% (AUM) market share in Debenture Trustee segment -2nd place.

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Axis Bank Fundamentals & Quarterly Results

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Axis Bank Quarterly Results

CAGR Report

Axis Bank Shareholding Pattern

Axis Bank Price Target 2024-2030 Forecast

AXIS BANK Share Price Target 2025

AXIS BANK Share Price Target 2026

AXIS BANK Share Price Target 2027

AXIS BANK Share Price Target 2028

AXIS BANK Share Price Target 2029

AXIS BANK Share Price Target 2030

Official Website – axisbank.com