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ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations. It operates through the following segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking. Read More The Retail Banking segment includes exposures of the bank, which satisfy the four qualifying criteria of regulatory retail portfolio as stipulated by the Reserve Bank of India guidelines on the Basel III framework. The Wholesale Banking segment deals with all advances to trusts, partnership firms, companies, and statutory bodies, by the Bank which are not included in the Retail Banking segment. The Treasury segment handles the entire investment portfolio of the bank. The Other Banking segment comprises leasing operations and other items not attributable to any particular business segment of the bank. The company was founded on January 5, 1994 and is headquartered in Mumbai, India.
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Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank
The bank has added 297 branches in the current fiscal across India and will add a few more before the end of this fiscal. Axis Bank wants to take the number of its branches in the country to 5,000-5,500 which will bring it on par with the country’s top two private lenders in branch strength. While the top two private banks — ICICI Bank and HDFC Bank — have slowed down the pace of bank expansion, Axis Bank will continue its branch expansion strategy, Amitabh Chaudhry, MD & CEO, Axis Bank, said. In the next ...
Financial ExpressMar 20
Tax saving bank FDs: Find out your best option from Axis Bank Vs SBI Vs ICICI Vs HDFC Bank FD
These tax-saving fixed deposits come with a booking period of a minimum of five years and a maximum of 10 years. Fixed deposits still continue to top the chart when it comes to tax-saving investments, despite the recent rate cuts in interest rates. The popularity of FD is because it is a bank-based investment product, monitored by the RBI. Hence, investors rely on its safe and low-risk nature, similar to other bank fixed deposits as any redemption on maturity from tax-saving FDs comes directly to the accou...
Financial ExpressMar 19
Credit Card for Students in India: From SBI to HDFC, ICICI to Axis Bank cards, 10 essential things you need to know
One can also upgrade one’s student credit card to a regular credit card anytime during the card’s validity. Credit cards have now become a common household product. There are many credit card providers in India that offer various types of credit cards to cater to all kinds of people. For each type of customer segment, different credit card options are now available. For instance, there are a few cards catering especially to women, doctors, professionals travelers, and students. Student credit cards are exc...
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