Axis Bank plans to extend its branch network in the state by adding 28 more branches and 69 new ATMs this financial year, as it aims to enhance accessibility for the people of Gujarat.
The lender opened its 5000th branch in Ahmedabad city on Tuesday, 29 years after it launched its first branch in the same city.
Chief Minister Bhupendra Patel inaugurated the new branch. Axis Bank MD and CEO Amitabh Chaudhri and other senior officers were also present on the occasion.
The bank has 389 branches in Gujarat, out of which 147 branches are in the metro, 60 in urban regions, 106 in semi-urban, 18 in rural and 58 in unbanked rural regions.
The Bank’s very first branch was opened here in 1994, then known as UTI Bank. This first branch was inaugurated by former Prime Minister, Manmohan Singh, Axis Bank said in a statement.
“The bank plans to extend its branch network in the state by adding 28 more branches and 69 new ATMs in this fiscal year. This strategic expansion demonstrates Axis Bank’s commitment to enhance accessibility and convenience for the people of Gujarat,” it said.