10 AXIS BANK TOP ATTRIBUTES
FAIR AND OBJECTIVE
PROCESSES AND POLICIES
GROWTH AND LEARNING OPPORTUNITIES
ENABLES EXPRESSION OF OPINIONS
LEADING BY EXAMPLE Rajkamal Vempati, President & Head-Human Resources, Axis Bank
AXIS BANK, THE country’s third-largest private sector bank in terms of total assets, has been making significant strides not just in financial services but also in creating an inclusive and employee-friendly work environment. One of its key landmarks has been the strategic and well-executed acquisition of Citi’s consumer banking business in India. The ₹11,603-crore buy that Axis Bank completed on March 1, 2023, meant the integration of Citi’s India team of 3,200 people with the lender, and dealing with the cultural differences that typically exist between a domestic entity and a foreign one.
“The integration has progressed extremely well, and we have seen Citi employees continue to build their careers with Axis. We have seen them take on ambitious roles within both the integrated businesses, and in some cases, senior leaders have moved into large portfolios within the Axis system. In all our talent and engagement programmes, we see good representation from the Citi team,” says Rajkamal Vempati, President & Head-Human Resources at Axis Bank. In 2023-24, Axis Bank saw its net profit surge to ₹24,861 crore from ₹9,580 crore in FY23, a remarkable 160% increase. Meanwhile, its net interest income grew 16% to ₹49,894 crore from ₹42,946 crore in 2022-23.
This story is from the May 26, 2024 edition of Business Today India.
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This story is from the May 26, 2024 edition of Business Today India.
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