NEWS & ADVICE : FIXED DEPOSITS
RBI approves Axis Bank for UK subsidiary
By Neelima Shankar
Oct 13, 2010
Print    Email    RSS   

Private sector lender Axis Bank has received RBI nod to set up its UK subsidiary. The bank has also received permission to convert its representative office in Shanghai to a branch.

"We have approval to convert Shanghai into a branch. We also have RBI approval to set up a subsidiary in the UK," Axis Bank Managing Director Shikha Sharma said.

"We are looking at the business opportunity there and at an appropriate time, we will think about the UK presence," she said.

Across India, Axis Bank has a network of over 1,090 branches and over 4,700 ATMs.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Know about corporate fixed deposits
A checklist of investment options for...
FD: Opportunity for retirees to diversify...
An Overview of Wealth Management Services...
Carnival of Indian Personal Finance Blogs #4


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive