# Axis Bank / Axis Mobile

> Source: https://docs.barcoder.ai/docs/wallets/axis-bank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Axis Bank — official](https://www.axisbank.com/)

## Overview

**Axis Bank** is **India's third-largest private sector bank by assets** + **fourth-largest by market capitalization** <sup>[1][1], [2][2], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>. **Mar 31 2025**: 5,876 branches + 13,941 ATMs + cash recyclers + **Axis Mobile app ~14M monthly active users + 4.8-star rating** + 2025 completion of Citibank India retail business migration (post-2022 USD 1.6B / INR 12,325 crore acquisition).

**Distinctive Axis Bank positioning** <sup>[1][1], [2][2], [3][3]</sup>:
- **India's #3 private sector bank by assets** (after [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) + [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank))
- **India's #4 bank by market cap** (~₹3.25-3.79 lakh crore late-2025)
- **Axis Mobile ~14M monthly active users + 4.8-star rating** — distinctive Indian banking app distinctive scale
- **5,876 branches + 13,941 ATMs (Mar 31 2025)**
- **2025 completion of Citibank India retail business migration** (post-2022 USD 1.6B / INR 12,325 crore acquisition) — distinctive Indian banking M&A
- **1993 founding as UTI Bank** (renamed Axis Bank 2007)

## History

**1993 — UTI Bank founded** in Mumbai, India — distinctive Indian private banking heritage.

**2007 — UTI Bank renamed Axis Bank**.

**2011 — Axis Mobile mobile banking app launches**.

**Mar 2022 — Axis Bank acquires Citibank India retail business** for USD 1.6B / INR 12,325 crore — distinctive Indian banking M&A.

**2025 — Citibank India retail business migration completion**; **5,876 branches + 13,941 ATMs + Axis Mobile ~14M MAU + 4.8-star rating + ₹16 lakh crore balance sheet** <sup>[1][1], [2][2], [3][3]</sup>.

## Ownership & operator

**Operating entity**: **Axis Bank Limited** (NSE: AXISBANK; BSE: 532215).

**Major shareholders**: **SUUTI (Specified Undertaking of UTI) + LIC (Life Insurance Corporation of India) + GIC (General Insurance Corporation of India) + foreign + Indian institutional + Indian retail public float**.

**Regulator**: **RBI (Reserve Bank of India)**.

## Technical integration

Axis Mobile mobile banking app (iOS + Android; ~14M MAU + 4.8-star rating) + axisbank.com online + Axis Bank cards (Visa + Mastercard + RuPay) + Axis Bank 5,876-branch network + 13,941 ATMs; UPI + Bharat QR + NEFT + RTGS + IMPS; **Axis Burgundy Private (Axis private banking)** + Axis Pay UPI + Axis Forex.

## Users & growth

**Mar 31 2025**: 5,876 branches + 13,941 ATMs + Axis Mobile ~14M monthly active users + 4.8-star rating + ₹16 lakh crore balance sheet + ~₹3.25-3.79 lakh crore market cap (late-2025).

## Use cases

Indian retail + private + corporate + investment + insurance banking via Axis Mobile + axisbank.com online + cards + branches + ATMs; UPI + Bharat QR + IMPS + NEFT + RTGS; **Axis Burgundy Private** + Axis Pay UPI + Axis Forex; distinctive 2025 post-Citibank India retail migration completion.

## Implementations & partners

**Operator**: Axis Bank Limited (NSE: AXISBANK).

**Major shareholders**: SUUTI + LIC + GIC + foreign institutional.

**Major Indian banking competitors**: [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (India #1 private) + [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (India #2 private) + [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (India #4 private) + [SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono) (India #1 by assets state-controlled) + [Punjab National Bank (PNB ONE)](https://docs.barcoder.ai/docs/wallets/pnb-india) + [Bank of Baroda (bob World)](https://docs.barcoder.ai/docs/wallets/bank-of-baroda) + [Canara Bank](https://docs.barcoder.ai/docs/wallets/canara-bank) + [Union Bank of India](https://docs.barcoder.ai/docs/wallets/union-bank-india) + [IDFC First Bank](https://docs.barcoder.ai/docs/wallets/idfc-first-bank) + [IndusInd Bank / INDIE](https://docs.barcoder.ai/docs/wallets/indusind-bank) + [Yes Bank](https://docs.barcoder.ai/docs/wallets/yes-bank).

**Major Axis Bank international branches**: Singapore + Dubai + Hong Kong + London + Sri Lanka (Axis Bank Sri Lanka subsidiary) + Bangladesh.

**Regulator**: RBI.

## Fun facts

- **India's #3 private sector bank by assets + #4 by market cap**.
- **Axis Mobile ~14M monthly active users + 4.8-star rating** — distinctive Indian banking app distinctive scale.
- **5,876 branches + 13,941 ATMs (Mar 31 2025)**.
- **2025 completion of Citibank India retail business migration** (post-2022 USD 1.6B / INR 12,325 crore acquisition) — distinctive Indian banking M&A.
- **1993 UTI Bank founding** + **2007 Axis Bank renaming**.

## Comparison

| Feature | Axis Bank / Axis Mobile | [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (India #1 private rival) | [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (India #2 private + iMobile Pay rival) | [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (India #4 private + Kotak811 rival) | [SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono) (India #1 by assets state-controlled rival) |
|---|---|---|---|---|---|
| Operator | **Axis Bank Limited (NSE: AXISBANK)** | HDFC Bank Limited (NSE: HDFCBANK) post-Jul 2023 HDFC Limited reverse merger | ICICI Bank Limited (NSE: ICICIBANK) | Kotak Mahindra Bank Limited (NSE: KOTAKBANK) | State Bank of India (NSE: SBIN; Govt of India 56%+) |
| Type | **India #3 private by assets + #4 by market cap + 5,876 branches + 14M Axis Mobile MAU + 4.8-star rating + 2025 Citibank India retail migration completion** | India #1 private + 7,000+ branches + 25M+ HDFC Bank app users + 2023 HDFC Limited reverse merger (largest Indian private bank merger) | India #2 private + iMobile Pay 35M+ MAU + Apple Pay India launch partner | India #4 private + Kotak811 (3rd most-downloaded global banking app H1 2025) | India #1 by assets + 25,000+ branches + YONO 70M+ MAU + INSAS distinctive India financial inclusion app |
| Country | IN + 6+ countries | IN + 4+ countries | IN + 18+ countries | IN + 4+ countries | IN + 36+ countries |
| Distinctive | **1993 UTI Bank founding + 2007 Axis Bank renaming; 2022 Citibank India retail business USD 1.6B acquisition; 2025 migration completion; Axis Burgundy Private; ~₹3.25-3.79 lakh crore market cap (late-2025); ₹16 lakh crore balance sheet** | 1994 founding; HDFC Limited 2023 reverse merger created India's #1 private bank | 1955 ICICI founding; 1994 ICICI Bank founding; 18+ countries | 2003 banking license; 2015 ING Vysya Bank acquisition; Kotak811 challenger | 1806 Bank of Bengal founding (India's oldest); 1955 SBI Act; YONO India's largest digital banking app |

## Status

**Active, India's #3 private sector bank by assets + #4 by market cap** <sup>[1][1], [2][2], [3][3]</sup>:
- **Axis Bank Limited** (NSE: AXISBANK) since 1993 UTI Bank founding + 2007 Axis Bank renaming.
- **2022 Citibank India retail business USD 1.6B / INR 12,325 crore acquisition + 2025 migration completion**.
- **Axis Mobile ~14M monthly active users + 4.8-star rating**.
- **RBI regulated**.

## Sources

[1]: https://en.wikipedia.org/wiki/Axis_Bank "Axis Bank — Wikipedia"
[2]: https://www.axis.bank.in/about-us "Axis Bank — official About Us"
[3]: https://www.appsflyer.com/customers/axis-bank/ "Axis Bank digital customer activation — AppsFlyer customer story"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [Axis Bank — Wikipedia][1]
- [2] [Axis Bank — official About Us][2]
- [3] [Axis Bank digital customer activation — AppsFlyer customer story][3]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [axis-bank.md](https://docs.barcoder.ai/source/wallets/axis-bank). See `matrix.md` for standards-support matrix if present.