Axis Bank reinforces its
commitment towards Tamil Nadu
Chennai,
June 21, 2019:Mr.
Ravi Narayanan, President & Head Branch Banking, Axis Bank summarized the
importance of branch banking and the Bank’s initiatives in the state of Tamil
Nadu.In line with the overall growth strategy, the Bank will expand branches
and focus on retail banking.
The Bank, India’s
third largest in the private space, has strong branch network presence across
India. As on March 31st, 2019, the Bank has 4050 branches, 11,801 ATMs and
4,917 recyclers across the country. It has added 347 branches Pan India in
FY19. Currently, there are 314 branches and 1400 ATMs in TN. The Bank plans to expand its foothold in
Tamil Nadu by setting up 28 branches and 34 ATMs in Tamil Nadu by FY20. In total,31
branches are enabled for Aadhaar enrolment and updationacross TN.
Axis
Bank has partnered with the Tamil Nadu Government to offer payment solutions to
various government institutions and local bodies like Municipal Corporations of
Tamil Nadu, Greater Chennai Corporation, Tamil Nadu Electricity Board etc.
The
Bank has partnered with the State Government & local
authorities for following initiatives –
Farming
& Livelihood
1.
Tamil Nadu Milk Producers Cooperative Federation Ltd
(AAVIN): Cash Management services & Online payment to
vendors
2.
Tamil
Nadu Horticulture Development Agency: Payment Solution - Payment to beneficiaries through PFMS
(Public Financial Management System). On-boarded district level nodal accounts
3.
Tamil Nadu Agri Marketing Board: Integrated with both Marketing
Board & NEML (NCDEX e Market Ltd.) for online payments to farmers under Minimum
Support Price across the state
4. Tamil
Nadu Livestock Agency: Handle Central & State Govt.
Scheme Funds and payments to implementing agencies
5. Department
of Animal Husbandry for Free sheep and goat scheme: Payments to beneficiaries across the state
6. Municipal
Corporations of Tamil Nadu: Collection of taxes and managing
payments for various schemes like Swaach Bharat Mission, Solid Waste Management
etc.
Payment
Solutions for Schools & Colleges
1. IIT
Chennai: Collections of sponsorships
2. University
of Madras: Forex solution - Making payments
to overseas examiners
3. Alagappa
University &Bharatidasan University:
Easy pay online solution for student fee collections
4. Government
Medical Colleges and Hospitals: Handling payments for both Central
and State schemes through PFMS for the Medical Colleges of Coimbatore, Salem,
Trichy, Thiruvarur, Thanjavur and Madurai
5. Tamilnadu
Textbook Corporation: Collection of sale proceeds of
text books from schools of Tamilnadu (Nearly 4000 schools).
Others
1.
Tamil Nadu Electricity Board (TANGEDCO): Online and Offline Collection of Electricity bills for the state of Tamil
Nadu
2. Defence
Segment: Cash Management services and POS machines provided
for canteen collections across Tamil Nadu. NACH solution provided for
collection of monthly consumable bills to the Defence staff
3. Rural
Development &Panchayatraj: Payment solution -Payment of
scheme funds to beneficiaries
4. Neyveli
Lignite Limited : Sanctioned and disbursed the term
loan of Rs. 950 cr for their 500 MW solar power project
5. Kamarajar
Port: Host-to-Host solution provided for their payments
and Term Loan of 47 million USD disbursed for construction and upgradation of
the port
6. Tuticorin
Port : Easypay online facility for customs duty collections
Axis Bank has also
conducted 791 Financial Literacy Campaigns in FY19 across rural and unbanked
branches to educate the people about basic banking, social security schemes,
usage of RUPAY card, usage of Axis OK, micro ATM and Mobile App.
As a part of its CSR initiatives, Axis Bank Foundation has associated
with local social enterprises to work on projects related to rural livelihood
and skill developments. Few of the initiatives are –
ABF partnered with DhanVayalagam (Tank) Foundation - (DVTF) to focus on
increasing household income through community mobilization. In phase 1, the
program reached out to 49,114 individuals/livelihoods and in Phase 2, the
program aims to target 70,000 families/households in 5 years program, starting
from April ‘17.
Through its partnership with Youth 4 Jobs Foundation (Y4JF), ABF aims to
provide 15,750 PwDs with livelihood opportunities by market linked trainings
and jobs in the organized sector and also sensitizes employers about
capabilities of PwDs. The program will reach out to 1,940 PwDs in the state of
Tamil Nadu - Chennai, Coimbatore andTrichy. In FY19-20, the project will be
operational in Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, Maharashtra,
Rajasthan, Gujarat, Odisha, Jharkhand, Assam, West Bengal and Bihar.
ABF has also associated with Don Bosco Tech Society (DB Tech) to impart
skill development and vocationaltraining to youth. The program aims to reach
out 150 youthsin the State of Tamil Nadu. In FY 19-20, the program will be
operational in Tamil Nadu, Uttar Pradesh, Bihar, West Bengal, Madhya
Pradesh, Andhra Pradesh, Kerala, Punjab, Rajasthan, Delhi and Chandigarh.
About
Axis Bank:
Axis
Bank is the third largest private sector bank in India. Axis Bank offers the
entire spectrum of services to customer segments covering Large and
Mid-Corporates, SME, Agriculture and Retail Businesses. With its 3,964 domestic
branches (including extension counters) and 12,705 ATMs across the country as
on 31st December 2018, the network of Axis Bank spreads across 2,321cities and
towns, enabling the Bank to reach out to a large cross-section of customers
with an array of products and services. The Bank also has ten overseas offices
with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and
Colombo; representative offices at Dubai, Abu Dhabi, Sharjah and Dhaka and an
overseas subsidiary at London, UK.
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Axis Bank
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Shruti Mudup
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AdfactorsPR
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Timothy J
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