Shri. D K Shivakumar, Hon’ Deputy Chief Minister of Karnataka inaugurates 21 branches of Axis Bank in the state

Bengaluru, 27 February 2024: Axis Bank, one of the largest private sector banks in India, today inaugurated 21 new branches in Karnataka. These branches were inaugurated by Chief Guest – Shri. DK Shivakumar, Honorable Deputy Chief Minister of Karnataka and Shri. Priyank Kharge, Honorable Cabinet Minister, Minister of State for IT, BT and Science & Technology in the presence of senior leadership from Axis Bank – Mr. Amitabh Chaudhry, MD&CEO; Mr. Subrat Mohanty, Executive Director – Banking Operations & Transformation; Mr. Ravi Narayanan, Group Executive & Head – Branch Banking, Retail Liabilities and Products and Arnika Dixit, President & Head- Branch Banking.

Axis bank inaguration

These new branches are strategically located across various regions of the state namely Bengaluru, Udupi, Vijayapura, Haveri, Hassan, Koppal, Tumkur, Shimoga and Vijayanagara. Among these, 9 branches are situated in metropolitan areas, 4 in urban centers, 3 in semi-urban regions, 2 in rural areas, and 3 in rural unbanked regions. The newly inaugurated branches will be equipped with state-of-the-art facilities and technology-driven banking solutions, aimed at enhancing customer convenience and efficiency.

Speaking on the occasion, Amitabh Chaudhry, MD & CEO, Axis Bank said “Axis Bank is proud to be part of Karnataka’s incredible growth and development journey. The state has evolved as a nucleus of economic development, not only for India but for the global stage. It is home to hundreds of start-ups and entrepreneurs. Our 21 new branches located at strategic locations represent more than just physical space, it is a promise—to empower, support, and serve. Our business in the state has seen significant expansion in the last few years, and we will strive to keep raising the bar with tailored solutions, exclusive benefits and value-driven approach that resonate with our customers’ aspirations.”

Commenting on the branch inauguration, Ravi Narayanan, Group Executive & Head of Branch Banking, Retail Liabilities, and Products, said, “It is a proud moment for all of us as we add these 21 new branches to our robust branch network in Karnataka. The inauguration of these branches stands as a testament to our commitment to empowering businesses, facilitating financial inclusion, nurturing talent, and driving socio-economic progress in Karnataka and beyond. We strive to expand our reach and bring our services closer to our valued customers and ensure convenience and ease of access for all.”

In addition to expanding its physical footprint, Axis Bank has been deeply committed to promoting economic growth, community development, and environmental sustainability in Karnataka. As the founding sponsor of the India Global Innovation Connect (IGIC), a Bengaluru-based global landmark event focused on startups, the Bank has played a crucial role in nurturing startup innovation and entrepreneurship. The SPLASH initiative of Axis Bank creatively engaged over 33,000 children from all over Karnataka, encouraging them to express their thoughts through art, craft, and literature.

Moreover, Axis Bank has reaffirmed its dedication to sustainability with the successful implementation of its Green Initiative in Karnataka. Remarkably, 92% of all branch transactions in the state occur through digital platforms, thereby marking a substantial reduction in paper usage and a significant contribution to environmental conservation. Additionally, the Bank earned two prestigious titles in the Asia Book of Records for its Clean-A-Thon cleanliness campaign, with notable efforts in the state. These initiatives underscore Axis Bank’s holistic approach to banking, combining financial services with responsible corporate citizenship and environmental stewardship, thereby fostering a meaningful impact within the communities it serves.

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