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Axis Bank plans to open 400 branches in FY16-17

Axis BankAxis Bank is planning to open 400 new branches in the financial year 2016-17, according to the bank’s branch banking head Sanjay Silas. The bank looks to open 100 branches, out of the proposed 400, in the current quarter of the current quarter of the financial year. He said the expansion plan of the bank would be connected to the smart city programme of the ministry of urban development. The bank would conduct a detailed survey to study the feasibility in the proposed smart cities before taking final decision on opening the branch. The study would cover all aspects that include potential for infrastructure, industrial development etc, he said.

The bank has launched an awareness programme ‘safe banking in digital era’ in Raipur, planned to further take it across the region. The programme is aimed at creating awareness among the people about preventing emerging technology-based threats, Silas said. The campaign would help the customers to carry out transaction in a secured environment across multiple banking platforms. Axis Bank has taken a significant step in this direction by creating awareness through various online and offline platforms and thereby contributing to build a safe banking environment, he said.

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