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Axis Bank Personal Loan

About Axis Bank

In 1993, the United Trust of India alongwith all the six giants of public sector insurance, that is Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), New India Assurance (NIA), Oriental Insurance Company (OIC), National Insurance Company (NIC) and United India Insurance (UII), put their heads together to start a bank under the name “UTI Bank”. As a first generation private sector bank it started its operations in 1994. In July 2007, it rechristened itself to “Axis Bank” and since then the bank has only grown in numbers.

Today, it is the third largest private sector bank with a book size of retail funding at `1,38,897.34 crores. As per their latest annual reports, the total amount of unsecured loans (personal loans + credit cards) disbursed was `15,278.71 crores as on March 31, 2016. Personal loans & credit cards, together, account for 11% of its retail funding portfolio.

Owing to its slightly conservative underwriting policies it trails behind ICICI bank on market share for personal loans. It is a public limited company with a net worth of `53,164.91 crores as on March 31, 2016.

Presence of Axis Bank Product – Personal Loans Loan Application Process
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