Private sector lender Axis Bank Ltd on Monday (February 26) said Karnataka Deputy Chief Minister D.K. Shivakumar has inaugurated 21 new branches in the state.
These new branches are located across various regions of the state, namely Bengaluru, Udupi, Vijayapura, Haveri, Hassan, Koppal, Tumkur, Shimoga and Vijayanagara, the lender said in a press release.
Among these, nine branches are situated in metropolitan areas, four in urban centres, three in semi-urban regions, two in rural areas, and three in rural unbanked regions. Axis Bank now has a total of 324 branches and 1525+ ATMs in Karnataka.
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.
Amitabh Chaudhry, MD and CEO of Axis Bank, said, "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."
Ravi Narayanan, Group Executive & Head of Branch Banking, Retail Liabilities and Product, said, "It is a proud moment for all of us as we add these 21 new branches to our robust branch network in Karnataka."
Along with Priyank Kharge, Minister of State for IT, BT and Science & Technology, the senior leadership of Axis Bank – Amitabh Chaudhry, MD and CEO; Subrat Mohanty, Executive Director, Banking Operations & Transformation; Ravi Narayanan, Group Executive & Head, Branch Banking, Retail Liabilities and Products; and Arnika Dixit, President & Head, Branch Banking, were present in the occasion.
Shares of Axis Bank Ltd ended at ₹1,085.40, down by ₹12.10, or 1.10%, on the BSE.
